Funding you earn now, next payment 23:00 UTC−0.0530%/8h= −58.1% APRnext payment −$0.66 per $10,000 · paid last 24h +0.051%
Price spread now: Injective against Coinbase International−0.838%7-day average −0.282% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 3 days (all we have)+0.411%+$41 · spread now −0.838%, 7d avg −0.282%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 0.556% cheaper against Coinbase International than usual: you would sell low and buy high (−$56 if the spread goes back to its 7-day average of −0.282%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 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 | 0.3701 | 0.0384 | pay 0.0048% / 1h | 54m 51s | $385K | $4.8M | 50x |
| Short | Injective CRV/USDC PERP | 0.3670 | −0.0146 | pay 0.0018% / 1h | 54m 51s | $79 | $384K | 12x |
Coinbase International CRV-PERP-INTX
Injective CRV/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$111.4
- Price spread: −0.838% → −0.282%
- −$55.58
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$176.99
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
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 | 6.76 bp | 11.8 bp −$12 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0176% | 1h | 0.3694 | −0.197% | $26K | $176K | 10x | as long as short |
| Injective CRV/USDC PERPshort | −0.0146% | 1h | 0.3670 | −0.838% | $79 | $384K | 12x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3696 | −0.134% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3695 | −0.156% | $38K | $5K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3698 | −0.081% | $57K | $49K | 25x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3699 | −0.054% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3698 | −0.084% | $418K | $718K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3702 | +0.032% | $132K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3696 | −0.132% | $376K | $216K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3699 | −0.051% | $26.1M | $56.4M | 75x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3700 | −0.027% | $28.3M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3696 | −0.135% | $8.9M | $21.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3703 | +0.054% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3701 | 0.000% | $14.9M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3705 | +0.108% | $7.3M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3705 | +0.108% | $7.0M | $5.7M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3700 | −0.027% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3689 | −0.324% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3690 | −0.307% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3691 | −0.271% | $522K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3689 | −0.324% | $61K | $698K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3713 | +0.324% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3700 | −0.019% | $244K | $880K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3698 | −0.092% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0154% | 1h | 0.3709 | +0.217% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3693 | −0.216% | $1.4M | $4.3M | 75x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0384% | 1h | 0.3701 | long leg | $385K | $4.8M | 50x | |
| Hyperliquid CRV | +0.0429% | 1h | 0.3707 | +0.151% | $23.0M | $16.3M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0451% / S −0.0191% | 1h | 0.3698 | −0.081% | $240K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0782% | 1h | 0.3705 | +0.119% | $108K | $316K | 10x | as long as short |
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
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP