Funding you earn now, next payment 03:00 UTC−0.0244%/8h= −26.7% APRnext payment −$0.30 per $10,000 · paid last 24h +0.103%
Price spread now: Hyperliquid against Coinbase International+0.094%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$510.506% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)+0.163%+$16 · spread now +0.094%, 7d avg +0.064%
=Together, before fees+0.301%+ Points / potential airdropHyperliquid: Season 2 · farm board+$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.030% dearer against Coinbase International than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.064%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.138%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.138% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 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 | 0.3611 | 0.0384 | pay 0.0048% / 1h | 4m 52s | $377K | $4.0M | 50x |
| Short | Hyperliquid CRV | 0.3614 | 0.0140 | get 0.0018% / 1h | 4m 52s | $21.8M | $14.9M | 10x |
Coinbase International CRV-PERP-INTX
Hyperliquid CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$51.18
- Price spread: +0.094% → +0.064%
- $3
- Slippage, 4 orders
- −$31.62
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$98.8
- Costs to cover
- 0.506%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Hyperliquid: live order book, 8 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 | 6.88 bp | 14.5 bp −$15 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.37 bp | 10.1 bp −$10 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3608 | −0.085% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3619 | +0.226% | $37K | $8K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3612 | +0.025% | $26K | $168K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3609 | −0.055% | $55K | $47K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.634% | $79 | $384K | 12x | as long as short |
| Backpack CRV_USDC_PERP | +0.0056% | 1h | 0.3612 | +0.017% | $96K | $299K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3609 | −0.047% | $381K | $711K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0099% | 8h | 0.3609 | −0.055% | $24K | $902 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3610 | −0.021% | $129K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3617 | +0.177% | $367K | $198K | 10x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Backpack CRV_USDC_PERP
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 | 0.3609 | −0.049% | $24.7M | $54.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3607 | −0.111% | $27.3M | $17.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3607 | −0.111% | $8.7M | $20.3M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3609 | −0.055% | $1.9M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3607 | −0.111% | $13.6M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3610 | −0.028% | $6.1M | $8.6M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3610 | −0.028% | $6.7M | $5.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3609 | −0.055% | — | $23.5M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3616 | +0.135% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3621 | +0.285% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3627 | +0.436% | $506K | $441K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3621 | +0.277% | $52K | $684K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3678 | +1.855% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3608 | −0.070% | $237K | $473K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3610 | −0.017% | $13K | $6K | 3x | as long as short |
| Hyperliquid CRVshort | +0.0140% | 1h | 0.3614 | +0.094% | $21.8M | $14.9M | 10x | |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3610 | −0.028% | $1.4M | $4.0M | 75x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0384% | 1h | 0.3611 | long leg | $377K | $4.0M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0416% / S −0.0177% | 1h | 0.3609 | −0.052% | $211K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0701% | 1h | 0.3612 | +0.034% | $3.1M | $2.6M | 50x | as long as short |
Binance CRVUSDT
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
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD