Funding you earn now, next payment 23:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h −0.061%
Price spread now: Coinbase International against BingX+0.055%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$570.565% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.055%, 7d avg +0.104%
=Funding pays, the price is against you. Coinbase International is 0.049% cheaper against BingX than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.104%). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$9 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment. 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 | BingX CRV-USDT | 0.3669 | 0.0100 | pay 0.0100% / 8h | 28m 59s | — | $21.6M | — |
| Short | Coinbase International CRV-PERP-INTX | 0.3671 | 0.0384 | get 0.0048% / 1h | 28m 59s | $387K | $4.7M | 50x |
BingX CRV-USDT
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BingX. 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
- $59.64
- Price spread: +0.055% → +0.104%
- −$4.94
- Slippage, 4 orders
- −$36.53
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$1.83
- Costs to cover
- 0.565%
- Break-even
- 7.2 days
Slippage from BingX: live order book, 10 min ago; Coinbase International: live order book, 5 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 BingX live order book, 10 min ago | 1.35 bp | 12.3 bp −$12 | 20.4 bp −$204 | 75.5 bp −$7,549 | 336.7 bp −$168.4K |
| Sell Coinbase International live order book, 5 min ago | 5.43 bp | 13.0 bp −$13 | 19.7 bp −$197 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | +0.027% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0108% | 1h | 0.3665 | −0.112% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3664 | −0.135% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0022% | 1h | 0.3670 | +0.027% | $57K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3665 | −0.117% | $38K | $5K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3669 | +0.003% | $415K | $732K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3671 | +0.055% | $24K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3669 | −0.002% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3666 | −0.087% | $370K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3669 | +0.012% | $25.8M | $56.4M | 75x | as long as short |
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Lighter CRV
Orderly PERP_CRV_USDC
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 | 0.3668 | −0.027% | $28.0M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3669 | 0.000% | $8.8M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3669 | 0.000% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3670 | +0.027% | $14.5M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3671 | +0.055% | $7.4M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3671 | +0.055% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDTlong | +0.0100% | 8h | 0.3669 | long leg | — | $21.6M | — | |
| Variational Omni CRV | +0.0100% | 8h | 0.3668 | −0.025% | $1.1M | $110K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3680 | +0.295% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3670 | +0.027% | $519K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3684 | +0.409% | $61K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3686 | +0.463% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3668 | −0.032% | $244K | $884K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3672 | +0.077% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0156% | 1h | 0.3676 | +0.186% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3669 | 0.000% | $1.4M | $4.4M | 75x | as long as short |
| Hyperliquid CRV | +0.0260% | 1h | 0.3675 | +0.177% | $22.9M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0384% | 1h | 0.3671 | +0.055% | $387K | $4.7M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0437% / S −0.0185% | 1h | 0.3668 | −0.018% | $230K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0629% | 1h | 0.3674 | +0.125% | $107K | $305K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP