Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.041%
Price spread now: Orderly against Kraken Futures−0.189%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.189% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CRVUSD | 0.3710 | 0.0154 | pay 0.0019% / 1h | 44m 16s | $3.1M | $2.9M | 50x |
| Short | Orderly PERP_CRV_USDC | 0.3703 | 0.0096 | get 0.0096% / 8h | 44m 16s | $25K | $929 | 10x |
Kraken Futures PF_CRVUSD
Orderly PERP_CRV_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$12.3
- Price spread: −0.189% → 0.000%
- −$18.91
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$47.21
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 5 min ago; Orderly: 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, 5 min ago | 9.41 bp | 21.8 bp −$22 | 51.7 bp −$517 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0290% | 1h | 0.3702 | −0.216% | $57K | $49K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | −1.079% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0108% | 1h | 0.3711 | +0.018% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3702 | −0.229% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3704 | −0.152% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDCshort | +0.0096% | 8h | 0.3703 | −0.189% | $25K | $929 | 10x | |
| Lighter CRV | +0.0096% | 1h | 0.3702 | −0.208% | $417K | $720K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3705 | −0.136% | $132K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3705 | −0.138% | $377K | $203K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3703 | −0.189% | $26.1M | $56.4M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3704 | −0.162% | $28.4M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3702 | −0.216% | $8.9M | $21.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3704 | −0.162% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3700 | −0.270% | $14.6M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3708 | −0.054% | $7.5M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3706 | −0.108% | $7.0M | $5.7M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3703 | −0.189% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3711 | +0.028% | $1.1M | $110K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3714 | +0.101% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3710 | +0.001% | $525K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3714 | +0.107% | $61K | $697K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3715 | +0.134% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3701 | −0.247% | $247K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3703 | −0.189% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0154% | 1h | 0.3710 | long leg | $3.1M | $2.9M | 50x | |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3697 | −0.351% | $1.4M | $4.4M | 75x | as long as short |
| Hyperliquid CRV | +0.0377% | 1h | 0.3709 | −0.030% | $23.1M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3710 | 0.000% | $386K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0453% / S −0.0194% | 1h | 0.3703 | −0.184% | $240K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0709% | 1h | 0.3712 | +0.048% | $108K | $318K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP