Funding you earn now, next payment 06:00 UTC+0.0174%/8h= +19.1% APRnext payment +$0.22 per $10,000 · paid last 24h +0.053%
Price spread now: Kraken Futures against Coinbase International+0.037%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days+0.164%+$16 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.037%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.032% dearer against Coinbase International than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CRV-PERP-INTX | 0.3585 | 0.0384 | pay 0.0048% / 1h | 23m 15s | $351K | $4.4M | 50x |
| Short | Kraken Futures PF_CRVUSD | 0.3586 | 0.0558 | get 0.0070% / 1h | 23m 15s | $3.0M | $2.8M | 50x |
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $36.61
- Price spread: +0.037% → +0.005%
- $3.22
- Slippage, 4 orders
- −$36.62
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$16.79
- Costs to cover
- 0.566%
- Break-even
- 10.2 days
Slippage from Coinbase International: live order book, 1 min ago; Kraken Futures: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, 1 min ago | 6.97 bp | 14.7 bp −$15 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 4.21 bp | 9.2 bp −$9 | 30.4 bp −$304 | doesn't fit | doesn't fit |
CRV on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3578 | −0.197% | $15 | — | 15x | as long as short |
| Phoenix CRV | −0.0045% | 1h | 0.3586 | +0.033% | $26K | $187K | 10x | as long as short |
| Backpack CRV_USDC_PERP | −0.0011% | 1h | 0.3583 | −0.053% | $97K | $216K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3582 | −0.088% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0029% | 1h | 0.3582 | −0.084% | $54K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.371% | $79 | $384K | 12x | as long as short |
| Variational Omni CRV | +0.0052% | 8h | 0.3575 | −0.268% | $1.1M | $94K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3580 | −0.126% | $379K | $717K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3584 | −0.033% | $20.9M | $16.6M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3583 | −0.058% | $115K | $195K | 10x | as long as short |
Reya CRVRUSDPERP
Phoenix CRV
Backpack CRV_USDC_PERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Variational Omni CRV
Lighter CRV
Hyperliquid CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3581 | −0.104% | $363K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3581 | −0.112% | $24.7M | $57.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3578 | −0.195% | $27.0M | $19.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3582 | −0.084% | $8.7M | $20.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3582 | −0.084% | $1.8M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3582 | −0.084% | $12.5M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3582 | −0.084% | $5.9M | $8.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3583 | −0.056% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3581 | −0.112% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3568 | −0.461% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3574 | −0.311% | $506K | $435K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3573 | −0.335% | $53K | $680K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3580 | −0.139% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3649 | +1.785% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3582 | −0.095% | $255K | $511K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3581 | −0.100% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3584 | −0.028% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0384% | 1h | 0.3585 | long leg | $351K | $4.4M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3582 | −0.096% | $209K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0558% | 1h | 0.3586 | +0.037% | $3.0M | $2.8M | 50x |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]