Funding you earn now, next payment 03:00 UTC−0.0274%/8h= −30.0% APRnext payment −$0.34 per $10,000 · paid last 24h −0.038%
Price spread now: Lighter against Kraken Futures−0.139%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days−0.221%−$22 on $10k
+Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.139%, 7d avg −0.079%
=Together, before fees−0.284%+ Points / potential airdropLighter: Season 3 · farm board−$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.060% 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 −0.079%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CRVUSD | 0.3667 | 0.0370 | pay 0.0046% / 1h | 27m 00s | $3.1M | $2.6M | 50x |
| Short | Lighter CRV | 0.3662 | 0.0096 | get 0.0012% / 1h | 27m 00s | $385K | $707K | 10x |
Kraken Futures PF_CRVUSD
Lighter CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$57.59
- Price spread: −0.139% → −0.079%
- −$5.99
- Slippage, 4 orders
- −$47.37
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$120.95
- Costs to cover
- 0.574%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Lighter: live order book, 33 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, 2 min ago | 6.82 bp | 22.6 bp −$23 | 40.6 bp −$406 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 33 min ago | 4.22 bp | 11.0 bp −$11 | 39.5 bp −$395 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0065% | 1h | 0.3674 | +0.180% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3661 | −0.179% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3666 | −0.048% | $38K | $7K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3663 | −0.120% | $55K | $49K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.071% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3664 | −0.092% | $24K | $902 | 10x | as long as short |
| Lighter CRVshort | +0.0096% | 1h | 0.3662 | −0.139% | $385K | $707K | 10x | |
| Hyperliquid CRV | +0.0100% | 1h | 0.3670 | +0.074% | $22.3M | $15.2M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3666 | −0.050% | $131K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3668 | +0.003% | $372K | $198K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Hyperliquid 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 | 0.3667 | −0.008% | $25.3M | $53.9M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3667 | −0.011% | $27.8M | $17.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3667 | −0.011% | $8.8M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3665 | −0.065% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3664 | −0.092% | $14.6M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3662 | −0.147% | $6.3M | $8.8M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3667 | −0.011% | $6.9M | $5.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3665 | −0.065% | — | $23.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3666 | −0.032% | $100K | $296K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3669 | +0.037% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3670 | +0.059% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3668 | +0.006% | $517K | $429K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3673 | +0.153% | $53K | $687K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3691 | +0.644% | $1K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3662 | −0.160% | $240K | $477K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3663 | −0.111% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3663 | −0.120% | $1.4M | $4.0M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0344% | 1h | 0.3668 | +0.017% | $386K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0370% | 1h | 0.3667 | long leg | $3.1M | $2.6M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0437% / S −0.0190% | 1h | 0.3662 | −0.145% | $221K | — | 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
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]