Funding you earn now, next payment 22:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h −0.063%
Price spread now: Coinbase International against Gate0.000%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$790.787% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 3 days (all we have)+0.059%+$6 · spread now 0.000%, 7d avg +0.065%
=Funding pays, the price is against you. Coinbase International is 0.065% cheaper against Gate than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.065%). If the spread goes back, that is −$6 on $10k: about 19 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.022% in total) that is about 21 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% 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 | Gate CRV_USDT | 0.3665 | 0.0100 | pay 0.0100% / 8h | 1h 15m | $2.0M | $1.3M | 50x |
| Short | Coinbase International CRV-PERP-INTX | 0.3665 | 0.0376 | get 0.0047% / 1h | 15m 43s | $386K | $4.7M | 50x |
Gate CRV_USDT
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Gate. 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
- $57.96
- Price spread: 0.000% → +0.065%
- −$6.47
- Slippage, 4 orders
- −$53.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$27.22
- Costs to cover
- 0.787%
- Break-even
- 10.3 days
Slippage from Gate: live order book, 2 min ago; Coinbase International: live order book, 3 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 Gate live order book, 2 min ago | 4.10 bp | 32.7 bp −$33 | 126.6 bp −$1,266 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 6.83 bp | 14.4 bp −$14 | 19.9 bp −$199 | 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 | −0.0228% | 1h | 0.3670 | +0.136% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0176% | 1h | 0.3659 | −0.175% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3663 | −0.054% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0023% | 1h | 0.3665 | 0.000% | $57K | $48K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3659 | −0.157% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3669 | +0.100% | $3.1M | $3.0M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3664 | −0.027% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3663 | −0.060% | $414K | $707K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3664 | −0.018% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3659 | −0.163% | $368K | $206K | 10x | as long as short |
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Kraken Futures PF_CRVUSD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3662 | −0.080% | $25.7M | $56.6M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3663 | −0.055% | $27.8M | $17.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3663 | −0.055% | $8.7M | $21.7M | 50x | as long as short |
| Gate CRV_USDTlong | +0.0100% | 8h | 0.3665 | long leg | $2.0M | $1.3M | 50x | |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3664 | −0.027% | $14.5M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3667 | +0.055% | $7.2M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3666 | +0.027% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3664 | −0.027% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3664 | −0.026% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3667 | +0.045% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3660 | −0.136% | $518K | $435K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3667 | +0.055% | $60K | $694K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3686 | +0.573% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3662 | −0.075% | $243K | $882K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3665 | +0.013% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3656 | −0.246% | $1.4M | $4.2M | 75x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0376% | 1h | 0.3665 | 0.000% | $386K | $4.7M | 50x | |
| Hyperliquid CRV | +0.0386% | 1h | 0.3671 | +0.161% | $22.8M | $16.4M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0402% / S −0.0160% | 1h | 0.3666 | +0.016% | $217K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0468% | 1h | 0.3667 | +0.065% | $108K | $369K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP