Funding you earn now, next payment 12:00 UTC+0.0591%/8h= +64.7% APRpaid last 24h +0.099%
Price spread now: Kraken Futures against KuCoin−0.021%52s7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$840.840% of the position
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.021%, 7d avg +0.055%
=Funding pays, the price is against you. Kraken Futures is 0.076% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.055%). If the spread goes back, that is −$8 on $10k: about 10 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.234% in total) that is about 2.3 days. The two prices were read 52 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 0.234% in total (about 12.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CRVUSDTM | 0.3580 | 0.0100 | pay 0.0100% / 8h | 4h 43m | $6.5M | $8.1M | 50x |
| Short | Kraken Futures PF_CRVUSD | 0.3579 | 0.0691 | get 0.0086% / 1h | 43m 30s | $3.0M | $2.1M | 50x |
KuCoin CRVUSDTM
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $124.08
- Price spread: −0.021% → +0.055%
- −$7.6
- Slippage, 4 orders
- −$62.03
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $32.45
- Costs to cover
- 0.840%
- Break-even
- 5.2 days
Slippage from KuCoin: live order book, 3 min ago; Kraken Futures: live order book, 3 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 KuCoin live order book, 3 min ago | 4.19 bp | 32.1 bp −$32 | 147.4 bp −$1,474 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 6.99 bp | 17.1 bp −$17 | 38.0 bp −$380 | doesn't fit | doesn't fit |
CRV on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CRV | −0.0147% | 8h | 0.3564 | −0.458% | $1.1M | $103K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3581 | +0.017% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3578 | −0.043% | $40K | $13K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3574 | −0.154% | $25K | $163K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0030% | 1h | 0.3577 | −0.084% | $54K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.514% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3579 | −0.028% | $392K | $583K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3585 | +0.127% | $138K | $131K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3580 | +0.002% | $362K | $188K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3585 | +0.127% | $24.8M | $51.3M | 75x | as long as short |
Variational Omni CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3580 | 0.000% | $26.8M | $18.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3583 | +0.084% | $8.7M | $18.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3581 | +0.028% | $1.8M | $1.1M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3580 | 0.000% | $12.6M | $5.1M | 125x | as long as short |
| KuCoin CRVUSDTMlong | +0.0100% | 8h | 0.3580 | long leg | $6.5M | $8.1M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3582 | +0.056% | $6.8M | $4.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3580 | 0.000% | — | $40.0M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3575 | −0.139% | $37K | $171K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3572 | −0.215% | $508K | $377K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3575 | −0.140% | $52K | $647K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3585 | +0.140% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3646 | +1.844% | $1K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3579 | −0.020% | $254K | $529K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3577 | −0.098% | $13K | $6K | 3x | as long as short |
| Backpack CRV_USDC_PERP | +0.0188% | 1h | 0.3578 | −0.045% | $91K | $215K | 10x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3573 | −0.196% | $1.3M | $3.4M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0415% / S −0.0178% | 1h | 0.3584 | +0.109% | $210K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0416% | 1h | 0.3579 | −0.028% | $357K | $3.9M | 50x | as long as short |
| Hyperliquid CRV | +0.0448% | 1h | 0.3589 | +0.237% | $21.5M | $15.9M | 10x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0691% | 1h | 0.3579 | −0.021% | $3.0M | $2.1M | 50x |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
Bitget CRVUSDT
BingX CRV-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Backpack CRV_USDC_PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Hyperliquid CRV