Funding you earn now, next payment 22:00 UTC+0.0276%/8h= +30.2% APRnext payment +$0.34 per $10,000 · paid last 24h −0.064%
Price spread now: Coinbase International against Pacifica−0.091%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1071.068% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.091%, 7d avg +0.041%
=Together, before fees−0.081%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.132% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of +0.041%). If the spread goes back, that is −$13 on $10k: about 38 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 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 | Pacifica CRV | 0.3668 | 0.0100 | pay 0.0013% / 1h | 54m 14s | $373K | $177K | 10x |
| Short | Coinbase International CRV-PERP-INTX | 0.3665 | 0.0376 | get 0.0047% / 1h | 54m 14s | $390K | $4.9M | 50x |
Pacifica CRV
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Pacifica. 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: −0.091% → +0.041%
- −$13.24
- Slippage, 4 orders
- −$88.77
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$62.05
- Costs to cover
- 1.068%
- Break-even
- 14.5 days
Slippage from Pacifica: live order book, 29 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 Pacifica live order book, 29 min ago | 21.95 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 5.49 bp | 15.5 bp −$15 | 22.0 bp −$220 | 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 | −0.0569% | 1h | 0.3661 | −0.200% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0228% | 1h | 0.3620 | −1.318% | $78 | $318K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3661 | −0.194% | $16 | — | 15x | as long as short |
| ApeX Omni CRVUSDT | −0.0020% | 1h | 0.3648 | −0.555% | $60K | $695K | 50x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3669 | +0.029% | $38K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3656 | −0.328% | $26K | $181K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3668 | −0.004% | $3.1M | $3.4M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3664 | −0.119% | $24K | $1K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3659 | −0.244% | $415K | $699K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3665 | −0.082% | $131K | $186K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
ApeX Omni CRVUSDT
dYdX CRV-USD
Phoenix CRV
Kraken Futures PF_CRVUSD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRVlong | +0.0100% | 1h | 0.3668 | long leg | $373K | $177K | 10x | |
| Binance CRVUSDT | +0.0100% | 8h | 0.3657 | −0.311% | $25.6M | $58.0M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3660 | −0.228% | $27.7M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3656 | −0.337% | $8.7M | $22.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3666 | −0.064% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3658 | −0.282% | $14.6M | $5.4M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3669 | +0.018% | $7.1M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3665 | −0.091% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3663 | −0.146% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3663 | −0.141% | $1.1M | $145K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3633 | −0.959% | $38K | $171K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3648 | −0.565% | $508K | $450K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3708 | +1.081% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3660 | −0.217% | $243K | $886K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3663 | −0.146% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3673 | +0.127% | $1.4M | $4.7M | 75x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0376% | 1h | 0.3665 | −0.091% | $390K | $4.9M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0402% / S −0.0160% | 1h | 0.3663 | −0.134% | $217K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0419% | 1h | 0.3669 | +0.031% | $22.7M | $16.8M | 10x | as long as short |
| Backpack CRV_USDC_PERP | +0.0486% | 1h | 0.3672 | +0.105% | $105K | $361K | 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
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV
Backpack CRV_USDC_PERP