Funding you earn now, next payment 09:00 UTC−0.0332%/8h= −36.4% APRnext payment −$0.41 per $10,000 · paid last 24h −0.043%
Price spread now: Pacifica against Coinbase International+0.111%7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$1021.020% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.142%+$14 · spread now +0.111%, 7d avg −0.061%
=Together, before fees+0.161%+ Points / potential airdropPacifica: Active · farm board+$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.173% dearer against Coinbase International than usual: you sell high and buy low (spread +0.111% now, against its 7-day average of −0.061%): +$17 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 42 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 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 | 0.3592 | 0.0432 | pay 0.0054% / 1h | 58m 56s | $353K | $4.2M | 50x |
| Short | Pacifica CRV | 0.3596 | 0.0100 | get 0.0013% / 1h | 58m 56s | $363K | $200K | 10x |
Coinbase International CRV-PERP-INTX
Pacifica CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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: +0.111% → −0.061%
- $17.27
- Slippage, 4 orders
- −$83.96
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$154.41
- Costs to cover
- 1.020%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Pacifica: live order book, 34 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 | 6.94 bp | 17.2 bp −$17 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 34 min ago | 21.09 bp | 47.7 bp −$48 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0249% | 1h | 0.3591 | −0.019% | $94K | $251K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3590 | −0.060% | $15 | — | 15x | as long as short |
| Variational Omni CRV | −0.0047% | 8h | 0.3590 | −0.060% | $1.1M | $105K | — | as long as short |
| Phoenix CRV | −0.0022% | 1h | 0.3597 | +0.150% | $26K | $175K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3598 | +0.159% | $40K | $13K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3587 | −0.139% | $54K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.171% | $79 | $384K | 12x | as long as short |
| Bybit CRVUSDT | +0.0074% | 8h | 0.3587 | −0.139% | $26.9M | $18.9M | 75x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3588 | −0.109% | $378K | $610K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3598 | +0.174% | $130K | $206K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
Variational Omni CRV
Phoenix CRV
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Bybit CRVUSDT
Lighter CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRVshort | +0.0100% | 1h | 0.3596 | +0.111% | $363K | $200K | 10x | |
| Binance CRVUSDT | +0.0100% | 8h | 0.3589 | −0.093% | $24.8M | $56.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3587 | −0.139% | $8.7M | $20.1M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3591 | −0.028% | $1.9M | $1.0M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3587 | −0.139% | $12.5M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3593 | +0.028% | $6.8M | $8.4M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3591 | −0.028% | $6.7M | $5.3M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3588 | −0.111% | — | $1.7M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3597 | +0.136% | $37K | $175K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3600 | +0.223% | $503K | $416K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3597 | +0.139% | $52K | $654K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3587 | −0.139% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3663 | +1.977% | $2K | $1.3M | 20x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3586 | −0.156% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3588 | −0.111% | $1.3M | $3.8M | 75x | as long as short |
| Extended CRV-USD | +0.0256% | 1h | 0.3585 | −0.194% | $255K | $510K | 25x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3596 | +0.121% | $210K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0432% | 1h | 0.3592 | long leg | $353K | $4.2M | 50x | |
| Hyperliquid CRV | +0.0533% | 1h | 0.3595 | +0.097% | $21.3M | $16.7M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0604% | 1h | 0.3591 | −0.026% | $3.0M | $2.5M | 50x | as long as short |
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Aevo CRV-PERP
BloFin CRV-USDT
Extended CRV-USD
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV
Kraken Futures PF_CRVUSD