Funding you earn now, next payment 01:00 UTC−0.0343%/8h= −37.5% APRnext payment −$0.43 per $10,000 · paid last 24h +0.042%
Price spread now: Injective against Coinbase International+1.944%64s7-day average −0.275% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 3 days (all we have)−2.214%−$221 · spread now +1.944%, 7d avg −0.275%
=The price spread pays, funding is against you. Injective is 2.220% dearer against Coinbase International than usual: you sell high and buy low (spread +1.944% now, against its 7-day average of −0.275%): +$222 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 7 days (−0.049% in total) that is about 11 months. The two prices were read 64 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 -0.049% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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 | Coinbase International CRV-PERP-INTX | 0.3600 | 0.0376 | pay 0.0047% / 1h | 41m 35s | $377K | $4.5M | 50x |
| Short | Injective CRV/USDC PERP | 0.3670 | 0.0033 | get 0.0004% / 1h | 41m 35s | $79 | $384K | 12x |
Coinbase International CRV-PERP-INTX
Injective CRV/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$71.96
- Price spread: +1.944% → −0.275%
- $221.99
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $140.01
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 2 min ago; Injective: no order-book sample. 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 Coinbase International live order book, 2 min ago | 6.92 bp | 11.9 bp −$12 | 19.6 bp −$196 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CRVUSDT | −0.0134% | 1h | 0.3617 | +0.472% | $52K | $700K | 50x | as long as short |
| Phoenix CRV | −0.0066% | 1h | 0.3604 | +0.119% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3600 | +0.013% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0028% | 1h | 0.3598 | −0.056% | $55K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3598 | −0.046% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERPshort | +0.0033% | 1h | 0.3670 | +1.944% | $79 | $384K | 12x | |
| Backpack CRV_USDC_PERP | +0.0051% | 1h | 0.3603 | +0.069% | $97K | $300K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3598 | −0.056% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3596 | −0.114% | $379K | $708K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3607 | +0.183% | $22.2M | $16.8M | 10x | as long as short |
ApeX Omni CRVUSDT
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Backpack CRV_USDC_PERP
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CRVUSDT | +0.0100% | 8h | 0.3603 | +0.072% | $128K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3599 | −0.039% | $363K | $209K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3598 | −0.042% | $25.0M | $56.1M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3599 | −0.028% | $27.4M | $18.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3599 | −0.028% | $8.6M | $20.9M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3598 | −0.056% | $1.8M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3597 | −0.083% | $14.7M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3602 | +0.056% | $6.3M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3602 | +0.056% | $6.8M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3599 | −0.028% | — | $23.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3607 | +0.193% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3616 | +0.443% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3610 | +0.276% | $506K | $419K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3642 | +1.167% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3599 | −0.024% | $235K | $632K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3598 | −0.056% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3634 | +0.944% | $1.4M | $4.1M | 75x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0294% | 1h | 0.3601 | +0.026% | $3.0M | $2.8M | 50x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0376% | 1h | 0.3600 | long leg | $377K | $4.5M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0450% / S −0.0200% | 1h | 0.3598 | −0.064% | $229K | — | 100x | as long as short |
Aster CRVUSDT
Pacifica CRV
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
Kraken Futures PF_CRVUSD
GMX CRV/USD [ETH-USDC]