Funding you earn now, next payment 00:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +0.040%
Price spread now: GRVT against Coinbase International−0.266%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$302as in the Price arb table
costs, in and out, $10k−$2842.841% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 3 days (all we have)+0.234%+$23 · spread now −0.266%, 7d avg −0.091%
=Together, before fees+0.263%+ Points / potential airdropGRVT: Active · farm board+$26 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 GRVT is 0.175% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% 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 | 0.3679 | 0.0384 | pay 0.0048% / 1h | 15m 35s | $390K | $4.7M | 50x |
| Short | GRVT CRV_USDT_Perp | 0.3669 | 0.0100 | get 0.0100% / 8h | 7h 15m | $518K | $417K | 10x |
Coinbase International CRV-PERP-INTX
GRVT CRV_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: −0.266% → −0.091%
- −$17.46
- Slippage, 4 orders
- −$265.13
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$361.24
- Costs to cover
- 2.841%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; GRVT: live order book, 57 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 | 5.46 bp | 10.5 bp −$10 | 17.8 bp −$178 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 57 min ago | 13.68 bp | 103.4 bp −$103 | 257.1 bp −$2,571 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0087% | 1h | 0.3668 | −0.310% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3677 | −0.056% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0022% | 1h | 0.3674 | −0.136% | $57K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3675 | −0.098% | $38K | $5K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | −0.245% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0088% | 1h | 0.3681 | +0.048% | $3.1M | $2.8M | 50x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3675 | −0.117% | $410K | $727K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3675 | −0.109% | $24K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3676 | −0.092% | $131K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3675 | −0.108% | $374K | $211K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Kraken Futures PF_CRVUSD
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3678 | −0.034% | $25.7M | $55.8M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3677 | −0.054% | $28.1M | $17.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3676 | −0.082% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3675 | −0.109% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3677 | −0.054% | $15.2M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3676 | −0.082% | $6.6M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3681 | +0.054% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3676 | −0.082% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3674 | −0.138% | $1.1M | $114K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3668 | −0.304% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perpshort | +0.0100% | 8h | 0.3669 | −0.266% | $518K | $417K | 10x | |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3671 | −0.217% | $53K | $698K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3714 | +0.951% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3674 | −0.130% | $244K | $894K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3676 | −0.090% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3665 | −0.381% | $1.4M | $4.3M | 75x | as long as short |
| Hyperliquid CRV | +0.0311% | 1h | 0.3683 | +0.106% | $22.8M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0384% | 1h | 0.3679 | long leg | $390K | $4.7M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0174% | 1h | 0.3674 | −0.134% | $218K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0545% | 1h | 0.3680 | +0.030% | $99K | $295K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP