Funding you earn now, next payment 05:00 UTC−0.0336%/8h= −36.8% APRnext payment −$0.42 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter against Coinbase International+0.170%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.170%, 7d avg −0.070%
=Together, before fees−0.265%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.241% dearer against Coinbase International than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of −0.070%): +$24 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.098% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 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 | 0.3578 | 0.0432 | pay 0.0054% / 1h | 20m 16s | $358K | $4.2M | 50x |
| Short | Lighter CRV | 0.3584 | 0.0096 | get 0.0012% / 1h | 20m 16s | $381K | $704K | 10x |
Coinbase International CRV-PERP-INTX
Lighter CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$70.56
- Price spread: +0.170% → −0.070%
- $24.06
- Slippage, 4 orders
- −$31.65
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$88.15
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Lighter: live order book, 25 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 | 5.62 bp | 18.1 bp −$18 | 26.3 bp −$263 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 25 min ago | 3.49 bp | 8.4 bp −$8 | 41.6 bp −$416 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0087% | 1h | 0.3575 | −0.070% | $94K | $261K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3583 | +0.152% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3581 | +0.089% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3586 | +0.224% | $54K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.571% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | +0.0045% | 1h | 0.3562 | −0.456% | $25K | $177K | 10x | as long as short |
| Variational Omni CRV | +0.0083% | 8h | 0.3569 | −0.255% | $1.1M | $95K | — | as long as short |
| Lighter CRVshort | +0.0096% | 1h | 0.3584 | +0.170% | $381K | $704K | 10x | |
| Hyperliquid CRV | +0.0100% | 1h | 0.3586 | +0.232% | $20.8M | $16.2M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3586 | +0.221% | $113K | $193K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Variational Omni CRV
Hyperliquid CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3582 | +0.103% | $363K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3586 | +0.224% | $24.7M | $56.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3583 | +0.140% | $27.0M | $19.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3588 | +0.279% | $8.8M | $20.2M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3583 | +0.140% | $1.9M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3586 | +0.224% | $12.7M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3587 | +0.252% | $6.0M | $8.3M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3587 | +0.252% | $6.7M | $5.3M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3585 | +0.196% | — | $1.6M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3554 | −0.657% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3559 | −0.519% | $500K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3557 | −0.587% | $53K | $683K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3586 | +0.224% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3669 | +2.543% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3585 | +0.209% | $253K | $493K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3585 | +0.190% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3572 | −0.168% | $1.3M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0415% / S −0.0177% | 1h | 0.3585 | +0.203% | $209K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0432% | 1h | 0.3578 | long leg | $358K | $4.2M | 50x | |
| Kraken Futures PF_CRVUSD | +0.0678% | 1h | 0.3590 | +0.333% | $3.0M | $2.6M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD