Funding you earn now, next payment 22:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h −0.063%
Price spread now: Coinbase International against OKX0.000%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 3 days (all we have)+0.137%+$14 · spread now 0.000%, 7d avg +0.120%
=Funding pays, the price is against you. Coinbase International is 0.120% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.120%). If the spread goes back, that is −$12 on $10k: about 35 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.023% in total) that is about 37 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% 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 | OKX CRV-USDT-SWAP | 0.3673 | 0.0100 | pay 0.0100% / 8h | 1h 09m | $8.8M | $21.7M | 50x |
| Short | Coinbase International CRV-PERP-INTX | 0.3673 | 0.0376 | get 0.0047% / 1h | 9m 17s | $382K | $4.7M | 50x |
OKX CRV-USDT-SWAP
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against OKX. 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
- $57.96
- Price spread: 0.000% → +0.120%
- −$11.98
- Slippage, 4 orders
- −$32.68
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$6.7
- Costs to cover
- 0.527%
- Break-even
- 7.8 days
Slippage from OKX: live order book, 4 min ago; Coinbase International: live order book, 5 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 OKX live order book, 4 min ago | 1.37 bp | 12.6 bp −$13 | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 6.82 bp | 14.4 bp −$14 | 20.1 bp −$201 | 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 | −0.0294% | 1h | 0.3672 | −0.027% | $57K | $49K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0228% | 1h | 0.3670 | −0.082% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0176% | 1h | 0.3668 | −0.133% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3672 | −0.027% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3672 | −0.018% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3676 | +0.083% | $3.1M | $3.0M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3672 | −0.027% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3673 | +0.003% | $415K | $707K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3674 | +0.024% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3671 | −0.044% | $369K | $208K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Kraken Futures PF_CRVUSD
Orderly PERP_CRV_USDC
Lighter CRV
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 | 0.000% | $25.8M | $56.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3675 | +0.054% | $28.1M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAPlong | +0.0100% | 8h | 0.3673 | long leg | $8.8M | $21.7M | 50x | |
| Gate CRV_USDT | +0.0100% | 8h | 0.3675 | +0.054% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3673 | 0.000% | $14.6M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3677 | +0.109% | $7.2M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3676 | +0.082% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3674 | +0.027% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3656 | −0.463% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3658 | −0.410% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3668 | −0.123% | $519K | $427K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3663 | −0.272% | $60K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3698 | +0.681% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3672 | −0.034% | $243K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3673 | −0.014% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3674 | +0.027% | $1.4M | $4.2M | 75x | as long as short |
| Hyperliquid CRV | +0.0362% | 1h | 0.3680 | +0.201% | $22.8M | $16.3M | 10x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0376% | 1h | 0.3673 | 0.000% | $382K | $4.7M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3673 | +0.004% | $218K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0501% | 1h | 0.3678 | +0.144% | $108K | $369K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
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