Funding you earn now, next payment 23:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +0.061%
Price spread now: KuCoin against Coinbase International−0.027%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$800.802% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.027%, 7d avg −0.047%
=The price spread pays, funding is against you. KuCoin is 0.021% dearer against Coinbase International than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.047%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.003% in total) that is about 44 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.2% 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 | 0.3715 | 0.0384 | pay 0.0048% / 1h | 46m 37s | $391K | $4.7M | 50x |
| Short | KuCoin CRVUSDTM | 0.3714 | 0.0100 | get 0.0100% / 8h | 46m 37s | $7.5M | $9.1M | 50x |
Coinbase International CRV-PERP-INTX
KuCoin CRVUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.027% → −0.047%
- $2.05
- Slippage, 4 orders
- −$58.25
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$137.83
- Costs to cover
- 0.802%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago | 6.71 bp | 14.3 bp −$14 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 4.03 bp | 20.9 bp −$21 | 143.6 bp −$1,436 | 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 | −0.0559% | 1h | 0.3706 | −0.242% | $57K | $49K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | −1.211% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0108% | 1h | 0.3716 | +0.032% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3708 | −0.201% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3709 | −0.155% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3708 | −0.188% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3710 | −0.121% | $418K | $720K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3713 | −0.048% | $133K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3712 | −0.092% | $378K | $203K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3713 | −0.054% | $26.1M | $56.4M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
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 | 0.3711 | −0.108% | $28.4M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3710 | −0.135% | $8.9M | $21.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3711 | −0.108% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3710 | −0.135% | $14.7M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTMshort | +0.0100% | 8h | 0.3714 | −0.027% | $7.5M | $9.1M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3713 | −0.054% | $7.0M | $5.7M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3710 | −0.135% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3701 | −0.376% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3714 | −0.034% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3710 | −0.134% | $525K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3703 | −0.323% | $61K | $697K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3720 | +0.135% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3710 | −0.139% | $246K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3708 | −0.188% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0154% | 1h | 0.3713 | −0.054% | $3.2M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3723 | +0.215% | $1.4M | $4.4M | 75x | as long as short |
| Hyperliquid CRV | +0.0349% | 1h | 0.3717 | +0.059% | $23.1M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0384% | 1h | 0.3715 | long leg | $391K | $4.7M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0454% / S −0.0193% | 1h | 0.3709 | −0.156% | $240K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0678% | 1h | 0.3711 | −0.108% | $108K | $313K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
Bitget CRVUSDT
BingX CRV-USDC
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