CRV

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h −0.062%

Price spread now: Coinbase International against Extended+0.307%7-day average +0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.246%−$25 · spread now +0.307%, 7d avg +0.148%

Together, before fees−0.264%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.158% dearer against Extended than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.148%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 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	Extended CRV-USD	0.3649	0.0104	pay 0.0013% / 1h	18m 59s	$243K	$883K	25x
Short	Coinbase International CRV-PERP-INTX	0.3660	0.0384	get 0.0048% / 1h	18m 59s	$383K	$4.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.307%Rate

Funding earned: $58.8
Price spread: +0.307% → +0.148%: $15.83
Slippage, 4 orders: −$33.6
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $26.03
Costs to cover: 0.486%
Break-even: 3.9 days

Slippage from Extended: live order book, 59 min ago; Coinbase International: 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 Extended live order book, 59 min ago	5.32 bp	12.8 bp −$13	1029.3 bp −$10.3K	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	8.21 bp	13.2 bp −$13	19.6 bp −$196	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
Injective CRV/USDC PERP	−0.0146%	1h	0.3670	+0.581%	$79	$384K	12x	as long as short
Phoenix CRV	−0.0108%	1h	0.3650	+0.046%	$26K	$176K	10x	as long as short
Reya CRVRUSDPERP	−0.0049%	1h	0.3651	+0.059%	$16	—	15x	as long as short
Deribit CRV_USDC-PERPETUAL	−0.0024%	1h	0.3651	+0.060%	$56K	$49K	25x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3650	+0.032%	$38K	$5K	10x	as long as short
Orderly PERP_CRV_USDC	+0.0096%	8h	0.3650	+0.033%	$24K	$929	10x	as long as short
Lighter CRV	+0.0096%	1h	0.3651	+0.052%	$413K	$737K	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3651	+0.068%	$130K	$184K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3648	−0.014%	$368K	$208K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3650	+0.033%	$25.6M	$56.4M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRVUSDT	+0.0100%	8h	0.3648	−0.022%	$27.7M	$17.3M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3650	+0.033%	$8.8M	$21.5M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3653	+0.115%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3650	+0.033%	$14.4M	$5.3M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3654	+0.142%	$7.3M	$9.1M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3655	+0.170%	$6.9M	$5.6M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3651	+0.060%	—	$21.6M	—	as long as short
Variational Omni CRV	+0.0100%	8h	0.3649	+0.006%	$1.1M	$111K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3647	−0.063%	$38K	$172K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3653	+0.105%	$516K	$419K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3647	−0.050%	$60K	$698K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3670	+0.581%	$1K	$1.3M	20x	as long as short
Extended CRV-USDlong	+0.0104%	1h	0.3649	long leg	$243K	$883K	25x
Aevo CRV-PERP	+0.0104%	1h	0.3652	+0.088%	$19K	$9K	3x	as long as short
Kraken Futures PF_CRVUSD	+0.0156%	1h	0.3656	+0.189%	$3.1M	$2.9M	50x	as long as short
Hyperliquid CRV	+0.0160%	1h	0.3655	+0.181%	$22.7M	$16.5M	10x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3651	+0.060%	$1.4M	$4.4M	75x	as long as short
Coinbase International CRV-PERP-INTXshort	+0.0384%	1h	0.3660	+0.307%	$383K	$4.7M	50x
GMX CRV/USD [ETH-USDC]	L +0.0437% / S −0.0186%	1h	0.3652	+0.090%	$229K	—	100x	as long as short
Backpack CRV_USDC_PERP	+0.0532%	1h	0.3655	+0.175%	$106K	$305K	10x	as long as short