Funding you earn now, next payment 03:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +0.038%
Price spread now: Bitget against Coinbase International−0.110%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$620.617% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.110%, 7d avg −0.075%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bitget is 0.035% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.075%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% 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 | Coinbase International CRV-PERP-INTX | 0.3631 | 0.0384 | pay 0.0048% / 1h | 21m 14s | $380K | $4.0M | 50x |
| Short | Bitget CRVUSDT | 0.3627 | 0.0100 | get 0.0100% / 8h | 4h 21m | $6.8M | $5.2M | 75x |
Coinbase International CRV-PERP-INTX
Bitget CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$59.64
- Price spread: −0.110% → −0.075%
- −$3.54
- Slippage, 4 orders
- −$39.67
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$124.86
- Costs to cover
- 0.617%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Bitget: 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 Coinbase International live order book, 3 min ago | 5.51 bp | 15.5 bp −$16 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.38 bp | 16.3 bp −$16 | 40.7 bp −$407 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3624 | −0.196% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3630 | −0.022% | $37K | $7K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3630 | −0.019% | $26K | $168K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3624 | −0.193% | $55K | $47K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.074% | $79 | $384K | 12x | as long as short |
| Backpack CRV_USDC_PERP | +0.0035% | 1h | 0.3632 | +0.033% | $97K | $297K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3632 | +0.039% | $383K | $708K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0099% | 8h | 0.3624 | −0.193% | $24K | $902 | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3630 | −0.028% | $22.0M | $14.8M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3630 | −0.014% | $129K | $180K | 10x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Backpack CRV_USDC_PERP
Lighter CRV
Orderly PERP_CRV_USDC
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 | 0.3633 | +0.059% | $369K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3624 | −0.194% | $24.8M | $54.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3624 | −0.193% | $27.4M | $17.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3623 | −0.220% | $8.7M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3628 | −0.083% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3626 | −0.138% | $14.0M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3629 | −0.055% | $6.2M | $8.7M | 50x | as long as short |
| Bitget CRVUSDTshort | +0.0100% | 8h | 0.3627 | −0.110% | $6.8M | $5.2M | 75x | |
| BingX CRV-USDT | +0.0100% | 8h | 0.3626 | −0.138% | — | $23.5M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3625 | −0.170% | $1.1M | $102K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3630 | −0.019% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3637 | +0.175% | $507K | $441K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3630 | −0.028% | $52K | $685K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3678 | +1.294% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3624 | −0.205% | $238K | $477K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3625 | −0.170% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3631 | 0.000% | $1.4M | $4.0M | 75x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0384% | 1h | 0.3631 | long leg | $380K | $4.0M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0177% | 1h | 0.3623 | −0.222% | $212K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0697% | 1h | 0.3631 | +0.004% | $3.1M | $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
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
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD