Funding you earn now, next payment 01:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h +0.060%
Price spread now: BingX against Coinbase International−0.164%53s7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as 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−$910.910% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BingX is 0.164% cheaper against Coinbase International than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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 0.031% 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 | Coinbase International CRV-PERP-INTX | 0.3660 | 0.0376 | pay 0.0047% / 1h | 6m 20s | $383K | $4.2M | 50x |
| Short | BingX CRV-USDC | 0.3654 | 0.0100 | get 0.0100% / 8h | 6h 06m | — | $1.6M | — |
Coinbase International CRV-PERP-INTX
BingX CRV-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$57.96
- Price spread: −0.164% → 0.000%
- −$16.39
- Slippage, 4 orders
- −$71
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$165.35
- Costs to cover
- 0.910%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; BingX: live order book, 10 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, 3 min ago | 6.87 bp | 14.3 bp −$14 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 13.73 bp | 30.6 bp −$31 | 67.1 bp −$671 | 403.8 bp −$40.4K | 958.3 bp −$479.1K |
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 | −0.202% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3652 | −0.222% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0023% | 1h | 0.3657 | −0.082% | $56K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3659 | −0.037% | $38K | $7K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.273% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3652 | −0.219% | $24K | $979 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3652 | −0.219% | $384K | $715K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3657 | −0.077% | $22.3M | $15.1M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3654 | −0.168% | $130K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3654 | −0.171% | $371K | $198K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
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 | 0.3653 | −0.191% | $25.2M | $55.1M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3654 | −0.164% | $27.8M | $17.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3653 | −0.191% | $8.8M | $20.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3654 | −0.164% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3653 | −0.191% | $14.8M | $5.4M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3655 | −0.137% | $6.3M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3655 | −0.137% | $6.8M | $5.4M | 75x | as long as short |
| BingX CRV-USDCshort | +0.0100% | 8h | 0.3654 | −0.164% | — | $1.6M | — | |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3657 | −0.074% | $98K | $300K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3648 | −0.332% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3638 | −0.604% | $37K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3636 | −0.652% | $512K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3640 | −0.546% | $52K | $689K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3714 | +1.475% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3652 | −0.208% | $238K | $477K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3656 | −0.096% | $13K | $6K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0289% | 1h | 0.3661 | +0.036% | $3.1M | $2.7M | 50x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0376% | 1h | 0.3660 | long leg | $383K | $4.2M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0459% / S −0.0206% | 1h | 0.3653 | −0.184% | $233K | — | 100x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
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]