Funding you earn now, next payment 21:00 UTC−0.0284%/8h= −31.1% APRnext payment −$0.36 per $10,000 · paid last 24h +0.064%
Price spread now: ApeX Omni against Coinbase International−0.082%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$580.580% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 3 days (all we have)+0.256%+$26 · spread now −0.082%, 7d avg −0.056%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and ApeX Omni is 0.026% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. 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 | Coinbase International CRV-PERP-INTX | 0.3667 | 0.0384 | pay 0.0048% / 1h | 26m 25s | $391K | $4.9M | 50x |
| Short | ApeX Omni CRVUSDT | 0.3664 | 0.0100 | get 0.0013% / 1h | 26m 25s | $60K | $694K | 50x |
Coinbase International CRV-PERP-INTX
ApeX Omni CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. 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: −0.082% → −0.056%
- −$2.56
- Slippage, 4 orders
- −$38.04
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$120.25
- Costs to cover
- 0.580%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; ApeX Omni: live order book, 62 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 Coinbase International live order book, 2 min ago | 5.45 bp | 13.1 bp −$13 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 62 min ago | 8.22 bp | 15.2 bp −$15 | 94.4 bp −$944 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0569% | 1h | 0.3660 | −0.191% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | −1.009% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3658 | −0.249% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3662 | −0.126% | $38K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3669 | +0.065% | $26K | $193K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3661 | −0.164% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3662 | −0.125% | $416K | $696K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3663 | −0.100% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3664 | −0.084% | $377K | $173K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3657 | −0.269% | $25.6M | $58.3M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Orderly PERP_CRV_USDC
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 | 0.3658 | −0.245% | $27.8M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3658 | −0.245% | $8.7M | $22.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3663 | −0.109% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3658 | −0.245% | $14.6M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3662 | −0.136% | $7.1M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3662 | −0.136% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3660 | −0.191% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3659 | −0.209% | $1.1M | $152K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3657 | −0.273% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3660 | −0.191% | $516K | $462K | 10x | as long as short |
| ApeX Omni CRVUSDTshort | +0.0100% | 1h | 0.3664 | −0.082% | $60K | $694K | 50x | |
| SunX CRV-USDT | +0.0100% | 8h | 0.3704 | +1.009% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3657 | −0.270% | $243K | $886K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3661 | −0.155% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0162% | 1h | 0.3666 | −0.030% | $3.1M | $3.5M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3659 | −0.218% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0337% | 1h | 0.3666 | −0.033% | $22.6M | $17.1M | 10x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0384% | 1h | 0.3667 | long leg | $391K | $4.9M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0402% / S −0.0160% | 1h | 0.3662 | −0.126% | $217K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0494% | 1h | 0.3663 | −0.106% | $105K | $362K | 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
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