Funding you earn now, next payment 23:00 UTC+0.0255%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.059%
Price spread now: Kraken Futures against Injective+1.581%63s7-day average +0.295% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 3 days (all we have)−1.007%−$101 · spread now +1.581%, 7d avg +0.295%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 1.286% dearer against Injective than usual: you sell high and buy low: +$129 more if the spread goes back to its 7-day average of +0.295%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CRV/USDC PERP | 0.3620 | −0.0228 | get 0.0029% / 1h | 48m 06s | $78 | $318K | 12x |
| Short | Kraken Futures PF_CRVUSD | 0.3677 | 0.0027 | get 0.0003% / 1h | 48m 06s | $3.1M | $3.3M | 50x |
Injective CRV/USDC PERP
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $53.63
- Price spread: +1.581% → +0.295%
- $128.59
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $172.2
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 1 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 1 min ago | 12.23 bp | 28.3 bp −$28 | 57.0 bp −$570 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CRV/USDC PERPlong | −0.0228% | 1h | 0.3620 | long leg | $78 | $318K | 12x | |
| Phoenix CRV | −0.0176% | 1h | 0.3659 | +1.066% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3671 | +1.402% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3667 | +1.293% | $38K | $4K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3674 | +1.492% | $57K | $48K | 25x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0027% | 1h | 0.3677 | +1.581% | $3.1M | $3.3M | 50x | |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3673 | +1.464% | $24K | $1K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3671 | +1.417% | $415K | $700K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3671 | +1.409% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3668 | +1.316% | $377K | $187K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3671 | +1.405% | $25.7M | $57.7M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3670 | +1.381% | $27.8M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3668 | +1.326% | $8.7M | $22.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3672 | +1.436% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3669 | +1.354% | $14.6M | $5.4M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3674 | +1.492% | $7.1M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3672 | +1.436% | $6.9M | $5.7M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3669 | +1.354% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3656 | +1.000% | $1.1M | $145K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3659 | +1.087% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3660 | +1.105% | $510K | $437K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3658 | +1.050% | $60K | $695K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3717 | +2.680% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3668 | +1.325% | $243K | $884K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3674 | +1.492% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3660 | +1.105% | $1.4M | $4.6M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3674 | +1.492% | $391K | $4.8M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3674 | +1.493% | $218K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0404% | 1h | 0.3675 | +1.511% | $105K | $361K | 10x | as long as short |
| Hyperliquid CRV | +0.0449% | 1h | 0.3676 | +1.555% | $22.7M | $16.8M | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP
Hyperliquid CRV