Funding you earn now, next payment 11:00 UTC−0.0312%/8h= −34.2% APRnext payment −$0.39 per $10,000 · paid last 24h −0.068%
Price spread now: Extended against Coinbase International−0.231%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$470.468% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.231%, 7d avg −0.158%
=Together, before fees+0.112%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Extended is 0.072% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.158%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CRV-PERP-INTX | 0.3566 | 0.0416 | pay 0.0052% / 1h | 52m 37s | $355K | $3.9M | 50x |
| Short | Extended CRV-USD | 0.3558 | 0.0104 | get 0.0013% / 1h | 52m 37s | $254K | $529K | 25x |
Coinbase International CRV-PERP-INTX
Extended CRV-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$65.52
- Price spread: −0.231% → −0.158%
- −$7.23
- Slippage, 4 orders
- −$31.77
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$119.52
- Costs to cover
- 0.468%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Extended: live order book, 53 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, 4 min ago | 7.00 bp | 14.7 bp −$15 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell Extended live order book, 53 min ago | 3.10 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
CRV on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CRV | −0.0135% | 8h | 0.3563 | −0.097% | $1.1M | $102K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3559 | −0.209% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0031% | 1h | 0.3561 | −0.140% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3561 | −0.153% | $40K | $13K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3568 | +0.053% | $25K | $163K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.916% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3561 | −0.137% | $386K | $578K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3563 | −0.091% | $139K | $131K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3562 | −0.125% | $360K | $189K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3560 | −0.168% | $24.7M | $51.3M | 75x | as long as short |
Variational Omni CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Phoenix CRV
Injective CRV/USDC PERP
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3556 | −0.280% | $26.6M | $18.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3558 | −0.224% | $8.6M | $18.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3561 | −0.140% | $1.8M | $1.1M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3559 | −0.196% | $12.5M | $5.1M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3561 | −0.140% | $6.5M | $8.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3561 | −0.140% | $6.7M | $4.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3559 | −0.196% | — | $40.0M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3566 | +0.011% | $92K | $214K | 10x | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3568 | +0.061% | $37K | $170K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3576 | +0.292% | $508K | $377K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3572 | +0.168% | $51K | $645K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3562 | −0.112% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3636 | +1.963% | $2K | $1.2M | 20x | as long as short |
| Extended CRV-USDshort | +0.0104% | 1h | 0.3558 | −0.231% | $254K | $529K | 25x | |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3563 | −0.082% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3558 | −0.224% | $1.3M | $3.4M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0178% | 1h | 0.3562 | −0.113% | $209K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0416% | 1h | 0.3566 | long leg | $355K | $3.9M | 50x | |
| Hyperliquid CRV | +0.0417% | 1h | 0.3567 | +0.031% | $21.4M | $15.8M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0693% | 1h | 0.3569 | +0.076% | $3.0M | $2.1M | 50x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Backpack CRV_USDC_PERP
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV
Kraken Futures PF_CRVUSD