Funding arb · Price arb /

CRV

all CRV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.024%

Price spread now: Bitget against Coinbase International0.000%7-day average −0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now 0.000%, 7d avg −0.086%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.086% dearer against Coinbase International than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.086%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 23 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% 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	0.3543	0.0400	pay 0.0050% / 1h	24m 02s	$357K	$4.3M	50x
Short	Bitget CRVUSDT	0.3543	0.0100	get 0.0100% / 8h	24m 02s	$6.6M	$5.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$63
Price spread: 0.000% → −0.086%: $8.65
Slippage, 4 orders: −$33.08
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$109.43
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Bitget: 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 Coinbase International live order book, 5 min ago	8.45 bp	16.2 bp −$16	21.7 bp −$217	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.22 bp	15.3 bp −$15	22.1 bp −$221	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	−0.0314%	1h	0.3542	−0.028%	$53K	$46K	25x	as long as short
Backpack CRV_USDC_PERP	−0.0086%	1h	0.3544	+0.040%	$92K	$256K	10x	as long as short
Reya CRVRUSDPERP	−0.0048%	1h	0.3540	−0.082%	$15	—	15x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3542	−0.024%	$37K	$8K	10x	as long as short
Phoenix CRV	0.0000%	1h	0.3548	+0.135%	$25K	$187K	10x	as long as short
Variational Omni CRV	+0.0016%	8h	0.3541	−0.047%	$1.1M	$94K	—	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+3.585%	$79	$384K	12x	as long as short
Lighter CRV	+0.0096%	1h	0.3540	−0.073%	$373K	$698K	10x	as long as short
Hyperliquid CRV	+0.0100%	1h	0.3545	+0.054%	$20.7M	$16.7M	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3544	+0.028%	$113K	$193K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRV	+0.0100%	1h	0.3539	−0.108%	$359K	$198K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3540	−0.081%	$24.4M	$57.6M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3537	−0.169%	$26.7M	$19.7M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3541	−0.056%	$8.6M	$20.2M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3543	0.000%	$1.8M	$1.2M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3542	−0.028%	$12.1M	$5.6M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3544	+0.028%	$6.5M	$8.4M	50x	as long as short
Bitget CRVUSDTshort	+0.0100%	8h	0.3543	0.000%	$6.6M	$5.4M	75x
BingX CRV-USDT	+0.0100%	8h	0.3540	−0.085%	—	$23.5M	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3550	+0.195%	$37K	$174K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3556	+0.373%	$495K	$419K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3552	+0.254%	$53K	$669K	50x	as long as short
Orderly PERP_CRV_USDC	+0.0100%	8h	0.3542	−0.028%	$24K	$928	10x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3621	+2.202%	$2K	$1.3M	20x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3541	−0.062%	$13K	$6K	3x	as long as short
Extended CRV-USD	+0.0128%	1h	0.3539	−0.111%	$252K	$512K	25x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3546	+0.085%	$1.3M	$3.9M	75x	as long as short
Coinbase International CRV-PERP-INTXlong	+0.0400%	1h	0.3543	long leg	$357K	$4.3M	50x
GMX CRV/USD [ETH-USDC]	L +0.0413% / S −0.0177%	1h	0.3543	−0.009%	$207K	—	100x	as long as short
Kraken Futures PF_CRVUSD	+0.0749%	1h	0.3546	+0.086%	$3.0M	$2.8M	50x	as long as short