Funding you earn now, next payment 07:00 UTC−0.0461%/8h= −50.5% APRpaid last 24h −0.058%
Price spread now: Bybit against Kraken Futures−0.261%7-day average −0.143% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$680.685% of the position
Funding, last 7 days−0.235%−$24 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.261%, 7d avg −0.143%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.118% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.143%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.235% in total (about -12.3% a year). A funding rate is set anew for every payment. 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 | 0.3567 | 0.0561 | pay 0.0070% / 1h | 59m 32s | $3.0M | $2.8M | 50x |
| Short | Bybit CRVUSDT | 0.3558 | 0.0100 | get 0.0100% / 8h | 59m 32s | $26.8M | $19.6M | 75x |
Kraken Futures PF_CRVUSD
Bybit CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$96.87
- Price spread: −0.261% → −0.143%
- −$11.78
- Slippage, 4 orders
- −$47.49
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$177.14
- Costs to cover
- 0.685%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 5.60 bp | 20.9 bp −$21 | 41.0 bp −$410 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.40 bp | 17.2 bp −$17 | 30.6 bp −$306 | 157.1 bp −$15.7K | 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 | −0.0076% | 1h | 0.3566 | −0.045% | $97K | $216K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3562 | −0.137% | $15 | — | 15x | as long as short |
| Phoenix CRV | −0.0045% | 1h | 0.3564 | −0.085% | $25K | $187K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0031% | 1h | 0.3564 | −0.093% | $54K | $46K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3562 | −0.159% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.878% | $79 | $384K | 12x | as long as short |
| Variational Omni CRV | +0.0039% | 8h | 0.3557 | −0.293% | $1.1M | $94K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3560 | −0.205% | $374K | $686K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3565 | −0.076% | $20.8M | $16.7M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3562 | −0.139% | $114K | $193K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
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 | 0.3562 | −0.136% | $361K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3561 | −0.177% | $24.6M | $57.4M | 75x | as long as short |
| Bybit CRVUSDTshort | +0.0100% | 8h | 0.3558 | −0.261% | $26.8M | $19.6M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3563 | −0.121% | $8.7M | $20.3M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3563 | −0.121% | $1.8M | $1.2M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3561 | −0.177% | $12.2M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3564 | −0.093% | $6.4M | $8.4M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3563 | −0.121% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3561 | −0.177% | — | $1.7M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3561 | −0.188% | $37K | $175K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3568 | +0.024% | $505K | $422K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3564 | −0.093% | $53K | $674K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3564 | −0.093% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3634 | +1.869% | $1K | $1.3M | 20x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3564 | −0.098% | $13K | $6K | 3x | as long as short |
| Extended CRV-USD | +0.0168% | 1h | 0.3560 | −0.205% | $251K | $514K | 25x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3563 | −0.121% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3594 | +0.748% | $351K | $4.4M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0413% / S −0.0177% | 1h | 0.3564 | −0.083% | $208K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0561% | 1h | 0.3567 | long leg | $3.0M | $2.8M | 50x |
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Aevo CRV-PERP
Extended CRV-USD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]