Funding you earn now, next payment 00:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h −0.059%
Price spread now: Coinbase International against Lighter+0.193%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 3 days (all we have)−0.219%−$22 · spread now +0.193%, 7d avg +0.068%
=Together, before fees−0.139%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.125% dearer against Lighter than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.068%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 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 | Lighter CRV | 0.3676 | 0.0096 | pay 0.0012% / 1h | 12m 11s | $411K | $727K | 10x |
| Short | Coinbase International CRV-PERP-INTX | 0.3683 | 0.0384 | get 0.0048% / 1h | 12m 11s | $385K | $4.7M | 50x |
Lighter CRV
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. 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
- $60.48
- Price spread: +0.193% → +0.068%
- $12.5
- Slippage, 4 orders
- −$29.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $33.19
- Costs to cover
- 0.398%
- Break-even
- 3.2 days
Slippage from Lighter: live order book, 58 min ago; Coinbase International: 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 Lighter live order book, 58 min ago | 4.24 bp | 5.3 bp −$5 | 26.5 bp −$265 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 5.42 bp | 16.9 bp −$17 | 22.3 bp −$223 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0087% | 1h | 0.3678 | +0.063% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3674 | −0.040% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0022% | 1h | 0.3675 | −0.024% | $57K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3679 | +0.082% | $38K | $5K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | −0.161% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0088% | 1h | 0.3679 | +0.088% | $3.1M | $2.8M | 50x | as long as short |
| Lighter CRVlong | +0.0096% | 1h | 0.3676 | long leg | $411K | $727K | 10x | |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3677 | +0.030% | $25K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3679 | +0.071% | $131K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3678 | +0.069% | $375K | $211K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Kraken Futures PF_CRVUSD
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 | 0.3673 | −0.074% | $25.7M | $55.8M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3676 | +0.003% | $28.1M | $17.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3672 | −0.106% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3679 | +0.084% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3674 | −0.052% | $15.2M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3679 | +0.084% | $6.6M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3676 | +0.003% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3678 | +0.057% | — | $23.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3674 | −0.054% | $1.1M | $114K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3676 | −0.004% | $38K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3676 | −0.009% | $519K | $417K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3676 | +0.003% | $53K | $699K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3714 | +1.036% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3673 | −0.074% | $244K | $864K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3676 | +0.014% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3684 | +0.220% | $1.4M | $4.3M | 75x | as long as short |
| Hyperliquid CRV | +0.0316% | 1h | 0.3680 | +0.112% | $22.8M | $16.6M | 10x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0384% | 1h | 0.3683 | +0.193% | $385K | $4.7M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0174% | 1h | 0.3677 | +0.032% | $219K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0570% | 1h | 0.3677 | +0.030% | $99K | $295K | 10x | 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
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP