Funding you earn now, next payment 01:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h −0.060%
Price spread now: Coinbase International against Bitget−0.027%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$640.640% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.027%, 7d avg +0.075%
=Funding pays, the price is against you. Coinbase International is 0.102% cheaper against Bitget than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.075%). If the spread goes back, that is −$10 on $10k: about 30 hours of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.6% 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 | Bitget CRVUSDT | 0.3653 | 0.0100 | pay 0.0100% / 8h | 6h 08m | $6.8M | $5.4M | 75x |
| Short | Coinbase International CRV-PERP-INTX | 0.3652 | 0.0376 | get 0.0047% / 1h | 8m 13s | $382K | $4.2M | 50x |
Bitget CRVUSDT
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- $57.96
- Price spread: −0.027% → +0.075%
- −$10.22
- Slippage, 4 orders
- −$41.97
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$16.24
- Costs to cover
- 0.640%
- Break-even
- 9.0 days
Slippage from Bitget: live order book, 5 min ago; Coinbase International: live order book, 1 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 Bitget live order book, 5 min ago | 4.11 bp | 21.4 bp −$21 | 43.3 bp −$433 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 6.87 bp | 14.2 bp −$14 | 19.5 bp −$195 | doesn't fit | doesn't fit |
CRV on 29 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 | −0.0066% | 1h | 0.3653 | −0.011% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3639 | −0.386% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3637 | −0.431% | $37K | $6K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3645 | −0.219% | $56K | $49K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.465% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3644 | −0.246% | $24K | $979 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3651 | −0.049% | $384K | $715K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3658 | +0.134% | $22.3M | $15.1M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3640 | −0.343% | $130K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3636 | −0.470% | $369K | $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
Lighter CRV
Hyperliquid CRV
Aster CRVUSDT
Pacifica CRVShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3651 | −0.052% | $25.1M | $55.2M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3652 | −0.027% | $27.8M | $17.8M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3653 | 0.000% | $8.8M | $20.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3650 | −0.082% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3652 | −0.027% | $14.8M | $5.4M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3651 | −0.055% | $6.3M | $9.0M | 50x | as long as short |
| Bitget CRVUSDTlong | +0.0100% | 8h | 0.3653 | long leg | $6.8M | $5.4M | 75x | |
| BingX CRV-USDC | +0.0100% | 8h | 0.3653 | 0.000% | — | $1.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3657 | +0.104% | $98K | $300K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3648 | −0.141% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3648 | −0.132% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3649 | −0.108% | $514K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3651 | −0.055% | $53K | $688K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3694 | +1.122% | $988 | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3644 | −0.256% | $238K | $477K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3646 | −0.193% | $13K | $6K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0289% | 1h | 0.3656 | +0.074% | $3.1M | $2.7M | 50x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0376% | 1h | 0.3652 | −0.027% | $382K | $4.2M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0458% / S −0.0206% | 1h | 0.3644 | −0.257% | $232K | — | 100x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
BingX CRV-USDC
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
Kraken Futures PF_CRVUSD
GMX CRV/USD [ETH-USDC]