Funding you earn now, next payment 02:00 UTC−0.0258%/8h= −28.2% APRnext payment −$0.32 per $10,000 · paid last 24h −0.053%
Price spread now: Injective against Kraken Futures+0.955%63s7-day average −0.286% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 3 days (all we have)−1.337%−$134 · spread now +0.955%, 7d avg −0.286%
=The price spread pays, funding is against you. Injective is 1.240% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.955% now, against its 7-day average of −0.286%): +$124 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.179% in total) that is about 49 days. 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 -0.179% in total (about -9.3% 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 | Kraken Futures PF_CRVUSD | 0.3635 | 0.0291 | pay 0.0036% / 1h | 19m 28s | $3.1M | $2.7M | 50x |
| Short | Injective CRV/USDC PERP | 0.3670 | 0.0033 | get 0.0004% / 1h | 19m 28s | $79 | $384K | 12x |
Kraken Futures PF_CRVUSD
Injective CRV/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$54.1
- Price spread: +0.955% → −0.286%
- $124.05
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $59.92
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 4 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 4 min ago | 5.49 bp | 16.9 bp −$17 | 34.3 bp −$343 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0066% | 1h | 0.3644 | +0.253% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3630 | −0.135% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0025% | 1h | 0.3632 | −0.090% | $55K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3631 | −0.123% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERPshort | +0.0033% | 1h | 0.3670 | +0.955% | $79 | $384K | 12x | |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3630 | −0.146% | $24K | $979 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3631 | −0.123% | $382K | $714K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3634 | −0.038% | $22.1M | $15.3M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3630 | −0.155% | $129K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3631 | −0.120% | $366K | $196K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid CRV
Aster CRVUSDT
Pacifica CRVShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3629 | −0.177% | $25.0M | $55.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3628 | −0.201% | $27.6M | $18.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3632 | −0.090% | $8.7M | $21.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3629 | −0.173% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3631 | −0.118% | $14.8M | $5.4M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3629 | −0.173% | $6.3M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3631 | −0.118% | $6.8M | $5.5M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3628 | −0.201% | — | $23.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3632 | −0.079% | $97K | $300K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3646 | +0.290% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3646 | +0.288% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3645 | +0.270% | $514K | $438K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3647 | +0.322% | $53K | $687K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3685 | +1.367% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3628 | −0.213% | $237K | $478K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3630 | −0.137% | $13K | $6K | 3x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0291% | 1h | 0.3635 | long leg | $3.1M | $2.7M | 50x | |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3635 | −0.008% | $378K | $4.2M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0456% / S −0.0203% | 1h | 0.3633 | −0.076% | $232K | — | 100x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]