Funding you earn now, next payment 06:00 UTC−0.0585%/8h= −64.1% APRnext payment −$0.73 per $10,000 · paid last 24h −0.049%
Price spread now: ApeX Omni against Kraken Futures−0.125%45s7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.125%, 7d avg −0.068%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and ApeX Omni is 0.057% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.068%). Swap the legs. The two prices were read 45 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 -0.146% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.73 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 | Kraken Futures PF_CRVUSD | 0.3551 | 0.0685 | pay 0.0086% / 1h | 25m 38s | $3.0M | $2.6M | 50x |
| Short | ApeX Omni CRVUSDT | 0.3547 | 0.0100 | get 0.0013% / 1h | 25m 38s | $53K | $683K | 50x |
Kraken Futures PF_CRVUSD
ApeX Omni CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- −$122.84
- Price spread: −0.125% → −0.068%
- −$5.66
- Slippage, 4 orders
- −$38.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$187.34
- Costs to cover
- 0.588%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; ApeX Omni: live order book, 23 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 Kraken Futures live order book, 3 min ago | 7.04 bp | 15.9 bp −$16 | 34.0 bp −$340 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 23 min ago | 8.35 bp | 15.8 bp −$16 | 102.5 bp −$1,025 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0131% | 1h | 0.3550 | −0.049% | $93K | $261K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3546 | −0.140% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0032% | 1h | 0.3548 | −0.096% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3561 | +0.281% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.339% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | +0.0045% | 1h | 0.3558 | +0.188% | $25K | $177K | 10x | as long as short |
| Variational Omni CRV | +0.0081% | 8h | 0.3546 | −0.155% | $1.1M | $95K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3551 | −0.023% | $378K | $704K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3554 | +0.061% | $20.6M | $16.2M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3560 | +0.250% | $112K | $193K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Phoenix CRV
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 | 0.3553 | +0.045% | $361K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3560 | +0.254% | $24.5M | $56.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3556 | +0.129% | $26.8M | $19.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3559 | +0.213% | $8.7M | $20.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3561 | +0.270% | $1.8M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3560 | +0.241% | $12.6M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3549 | −0.068% | $5.9M | $8.3M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3564 | +0.354% | $6.6M | $5.3M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3562 | +0.298% | — | $1.6M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3545 | −0.186% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3557 | +0.149% | $500K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDTshort | +0.0100% | 1h | 0.3547 | −0.125% | $53K | $683K | 50x | |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3549 | −0.068% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3627 | +2.128% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3563 | +0.312% | $252K | $494K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3548 | −0.083% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3546 | −0.153% | $1.3M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0413% / S −0.0177% | 1h | 0.3549 | −0.061% | $207K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3545 | −0.181% | $352K | $4.2M | 50x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0685% | 1h | 0.3551 | long leg | $3.0M | $2.6M | 50x |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX