Funding you earn now, next payment 03:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +0.038%
Price spread now: MEXC against Coinbase International−0.194%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.194%, 7d avg −0.111%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.083% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.111%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% 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 | 0.3611 | 0.0384 | pay 0.0048% / 1h | 38m 45s | $376K | $4.0M | 50x |
| Short | MEXC CRV_USDT | 0.3604 | 0.0100 | get 0.0100% / 8h | 4h 38m | $13.9M | $5.3M | 125x |
Coinbase International CRV-PERP-INTX
MEXC CRV_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.194% → −0.111%
- −$8.32
- Slippage, 4 orders
- −$27.17
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$109.13
- Costs to cover
- 0.412%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; MEXC: 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 Coinbase International live order book, 5 min ago | 6.91 bp | 11.9 bp −$12 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.39 bp | 6.0 bp −$6 | 15.0 bp −$150 | 78.5 bp −$7,845 | 124.2 bp −$62.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0083% | 1h | 0.3605 | −0.166% | $99K | $296K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3605 | −0.169% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3605 | −0.175% | $37K | $7K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3607 | −0.102% | $26K | $168K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3602 | −0.249% | $55K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.634% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3603 | −0.222% | $381K | $704K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0097% | 8h | 0.3603 | −0.222% | $24K | $902 | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3607 | −0.116% | $21.8M | $14.9M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3606 | −0.150% | $128K | $179K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
Injective 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 | 0.3603 | −0.214% | $366K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3604 | −0.193% | $24.9M | $53.9M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3601 | −0.277% | $27.3M | $17.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3602 | −0.249% | $8.6M | $20.2M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3605 | −0.166% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDTshort | +0.0100% | 8h | 0.3604 | −0.194% | $13.9M | $5.3M | 125x | |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3604 | −0.194% | $6.2M | $8.7M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3606 | −0.138% | $6.7M | $5.2M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3605 | −0.166% | — | $1.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3608 | −0.088% | $1.1M | $102K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3609 | −0.051% | $37K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3610 | −0.015% | $509K | $433K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3612 | +0.028% | $52K | $685K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3651 | +1.108% | $2K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3604 | −0.205% | $236K | $476K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3602 | −0.249% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3600 | −0.305% | $1.4M | $4.0M | 75x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0384% | 1h | 0.3611 | long leg | $376K | $4.0M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0416% / S −0.0177% | 1h | 0.3606 | −0.148% | $211K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0702% | 1h | 0.3606 | −0.142% | $3.0M | $2.5M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
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