Funding you earn now, next payment 10:00 UTC+0.0686%/8h= +75.1% APRnext payment +$0.86 per $10,000 · paid last 24h +0.141%
Price spread now: Kraken Futures against Phoenix+0.126%71s7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs+$13as 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−$630.631% of the position
Funding, last 7 days+0.758%+$76 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.126%, 7d avg +0.087%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Kraken Futures is 0.039% dearer against Phoenix than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.087%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3546 | −0.0022 | get 0.0003% / 1h | 47m 46s | $25K | $171K | 10x |
| Short | Kraken Futures PF_CRVUSD | 0.3550 | 0.0664 | get 0.0083% / 1h | 47m 46s | $3.0M | $2.1M | 50x |
Phoenix CRV
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Phoenix. 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
- $144.11
- Price spread: +0.126% → +0.087%
- $3.87
- Slippage, 4 orders
- −$46.14
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $84.83
- Costs to cover
- 0.631%
- Break-even
- 2.9 days
Slippage from Phoenix: live order book, 58 min ago; Kraken Futures: 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 Phoenix live order book, 58 min ago | 1.40 bp | 17.0 bp −$17 | 74.4 bp −$744 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 5.64 bp | 15.6 bp −$16 | 33.4 bp −$334 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0360% | 1h | 0.3547 | +0.042% | $92K | $245K | 10x | as long as short |
| Variational Omni CRV | −0.0122% | 8h | 0.3540 | −0.172% | $1.1M | $132K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3543 | −0.086% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0032% | 1h | 0.3545 | −0.020% | $54K | $45K | 25x | as long as short |
| Phoenix CRVlong | −0.0022% | 1h | 0.3546 | long leg | $25K | $171K | 10x | |
| dYdX CRV-USD | 0.0000% | 1h | 0.3544 | −0.046% | $40K | $13K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.506% | $79 | $384K | 12x | as long as short |
| Bybit CRVUSDT | +0.0076% | 8h | 0.3543 | −0.076% | $26.5M | $18.1M | 75x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3547 | +0.042% | $375K | $599K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3548 | +0.064% | $138K | $153K | 10x | as long as short |
Backpack CRV_USDC_PERP
Variational Omni CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Bybit CRVUSDT
Lighter CRV
Aster CRVUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3542 | −0.105% | $358K | $191K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3548 | +0.065% | $24.5M | $51.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3545 | −0.020% | $8.5M | $18.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3546 | +0.008% | $1.9M | $993K | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3545 | −0.020% | $12.2M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3545 | −0.020% | $6.5M | $8.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3550 | +0.121% | $6.6M | $4.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3546 | +0.008% | — | $40.0M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3544 | −0.044% | $37K | $171K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3557 | +0.330% | $505K | $390K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3546 | +0.008% | $51K | $652K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3545 | −0.020% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3628 | +2.321% | $1K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3545 | −0.010% | $252K | $519K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3545 | −0.013% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3543 | −0.076% | $1.3M | $3.5M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0392% | 1h | 0.3549 | +0.093% | $353K | $3.9M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0412% / S −0.0178% | 1h | 0.3545 | −0.014% | $208K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0431% | 1h | 0.3552 | +0.178% | $21.1M | $16.0M | 10x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0664% | 1h | 0.3550 | +0.126% | $3.0M | $2.1M | 50x |
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
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
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV