Funding you earn now, next payment 04:00 UTC−0.0332%/8h= −36.4% APRpaid last 24h +0.026%
Price spread now: KuCoin against Coinbase International+0.028%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$860.860% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.028%, 7d avg −0.051%
=The price spread pays, funding is against you. KuCoin is 0.079% dearer against Coinbase International than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.051%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.021% in total) that is about 26 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% 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 | 0.3605 | 0.0432 | pay 0.0054% / 1h | 6m 32s | $361K | $4.1M | 50x |
| Short | KuCoin CRVUSDTM | 0.3606 | 0.0100 | get 0.0100% / 8h | 3h 06m | $6.0M | $8.5M | 50x |
Coinbase International CRV-PERP-INTX
KuCoin CRVUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$69.72
- Price spread: +0.028% → −0.051%
- $7.87
- Slippage, 4 orders
- −$63.96
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$147.81
- Costs to cover
- 0.860%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; KuCoin: live order book, 7 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, 2 min ago | 6.95 bp | 12.0 bp −$12 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 2.76 bp | 40.3 bp −$40 | 104.2 bp −$1,042 | 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 | 0.3604 | −0.024% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3601 | −0.114% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0028% | 1h | 0.3604 | −0.028% | $54K | $46K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.803% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | +0.0044% | 1h | 0.3593 | −0.336% | $26K | $176K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3605 | −0.008% | $380K | $706K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3606 | +0.030% | $128K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3606 | +0.022% | $366K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3605 | +0.013% | $25.0M | $55.3M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3604 | −0.028% | $27.3M | $17.8M | 75x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3607 | +0.055% | $8.7M | $19.9M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3605 | 0.000% | $1.9M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3606 | +0.028% | $13.0M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTMshort | +0.0100% | 8h | 0.3606 | +0.028% | $6.0M | $8.5M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3607 | +0.055% | $6.7M | $5.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3606 | +0.028% | — | $23.5M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3606 | +0.019% | $98K | $258K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3596 | −0.254% | $1.1M | $93K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3590 | −0.413% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3590 | −0.416% | $504K | $443K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3592 | −0.361% | $54K | $684K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3604 | −0.028% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3648 | +1.193% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3605 | −0.012% | $253K | $497K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3603 | −0.050% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3601 | −0.111% | $1.4M | $4.0M | 75x | as long as short |
| Hyperliquid CRV | +0.0359% | 1h | 0.3609 | +0.103% | $21.7M | $15.5M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0416% / S −0.0177% | 1h | 0.3603 | −0.064% | $211K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0432% | 1h | 0.3605 | long leg | $361K | $4.1M | 50x | |
| Kraken Futures PF_CRVUSD | +0.0730% | 1h | 0.3606 | +0.028% | $3.0M | $2.6M | 50x | as long as short |
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
Bitget CRVUSDT
BingX CRV-USDT
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD