Funding you earn now, next payment 05:00 UTC+0.0399%/8h= +43.7% APRnext payment +$0.50 per $10,000 · paid last 24h +0.008%
Price spread now: Coinbase International against Injective−2.071%56s7-day average +0.211% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)+2.361%+$236 · spread now −2.071%, 7d avg +0.211%
=Funding pays, the price is against you. Coinbase International is 2.282% cheaper against Injective than usual: you would sell low and buy high (spread −2.071% now, against its 7-day average of +0.211%). If the spread goes back, that is −$228 on $10k: about 19 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.066% in total) that is about 8 months. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.50 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 | Injective CRV/USDC PERP | 0.3670 | 0.0033 | pay 0.0004% / 1h | 59m 20s | $79 | $384K | 12x |
| Short | Coinbase International CRV-PERP-INTX | 0.3594 | 0.0432 | get 0.0054% / 1h | 59m 20s | $356K | $4.4M | 50x |
Injective CRV/USDC PERP
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. 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
- $83.72
- Price spread: −2.071% → +0.211%
- −$228.22
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$154.52
- Costs to cover
- 0.100%
- Break-even
- 19.9 days
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 5 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 5 min ago | 4.17 bp | 13.4 bp −$13 | 21.9 bp −$219 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3585 | −2.305% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0029% | 1h | 0.3584 | −2.343% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3585 | −2.308% | $37K | $8K | 10x | as long as short |
| Backpack CRV_USDC_PERP | +0.0006% | 1h | 0.3585 | −2.319% | $94K | $214K | 10x | as long as short |
| Injective CRV/USDC PERPlong | +0.0033% | 1h | 0.3670 | long leg | $79 | $384K | 12x | |
| Phoenix CRV | +0.0045% | 1h | 0.3595 | −2.052% | $26K | $177K | 10x | as long as short |
| Variational Omni CRV | +0.0065% | 8h | 0.3586 | −2.293% | $1.1M | $95K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3583 | −2.368% | $378K | $709K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3588 | −2.229% | $21.0M | $16.5M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3585 | −2.315% | $113K | $193K | 10x | as long as short |
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Backpack CRV_USDC_PERP
Phoenix CRV
Variational Omni CRV
Lighter 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 | 0.3583 | −2.357% | $364K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3586 | −2.289% | $24.7M | $56.9M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3583 | −2.371% | $27.1M | $19.4M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3588 | −2.234% | $8.7M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3587 | −2.262% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3587 | −2.262% | $12.6M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3586 | −2.289% | $5.9M | $8.3M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3587 | −2.262% | $6.7M | $5.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3587 | −2.262% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3590 | −2.193% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3595 | −2.040% | $509K | $445K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3596 | −2.016% | $53K | $681K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3586 | −2.289% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3666 | −0.109% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3585 | −2.317% | $253K | $499K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3585 | −2.302% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3594 | −2.071% | $1.3M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0415% / S −0.0177% | 1h | 0.3587 | −2.274% | $210K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0432% | 1h | 0.3594 | −2.071% | $356K | $4.4M | 50x | |
| Kraken Futures PF_CRVUSD | +0.0678% | 1h | 0.3588 | −2.226% | $3.0M | $2.7M | 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-USDT
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