Funding you earn now, next payment 22:00 UTC+0.0604%/8h= +66.2% APRnext payment +$0.76 per $10,000 · paid last 24h −0.051%
Price spread now: Coinbase International against Injective+0.082%64s7-day average +0.282% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 3 days (all we have)+0.345%+$34 · spread now +0.082%, 7d avg +0.282%
=Funding pays, the price is against you. Coinbase International is 0.200% cheaper against Injective than usual: you would sell low and buy high (spread +0.082% now, against its 7-day average of +0.282%). If the spread goes back, that is −$20 on $10k: about 26 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.032% in total) that is about 44 days. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.76 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 | Injective CRV/USDC PERP | 0.3670 | −0.0228 | get 0.0029% / 1h | 7m 24s | $79 | $384K | 12x |
| Short | Coinbase International CRV-PERP-INTX | 0.3673 | 0.0376 | get 0.0047% / 1h | 7m 24s | $382K | $4.7M | 50x |
Injective CRV/USDC PERP
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. 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
- $126.91
- Price spread: +0.082% → +0.282%
- −$20.01
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $96.88
- Costs to cover
- 0.100%
- Break-even
- 1.7 days
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 1 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 1 min ago | 6.79 bp | 16.9 bp −$17 | 24.0 bp −$240 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0294% | 1h | 0.3672 | +0.054% | $57K | $49K | 25x | as long as short |
| Injective CRV/USDC PERPlong | −0.0228% | 1h | 0.3670 | long leg | $79 | $384K | 12x | |
| Phoenix CRV | −0.0176% | 1h | 0.3668 | −0.052% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3670 | 0.000% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3679 | +0.252% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3678 | +0.206% | $3.1M | $3.0M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3669 | −0.027% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3678 | +0.210% | $416K | $707K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3675 | +0.129% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3678 | +0.215% | $370K | $208K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Reya CRVRUSDPERP
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 | 0.3669 | −0.022% | $25.8M | $56.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3670 | 0.000% | $28.0M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3667 | −0.082% | $8.8M | $21.7M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3675 | +0.136% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3670 | 0.000% | $14.6M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3676 | +0.163% | $7.2M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3674 | +0.109% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3668 | −0.054% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3656 | −0.381% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3658 | −0.329% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3674 | +0.096% | $519K | $427K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3675 | +0.136% | $60K | $697K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3699 | +0.790% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3667 | −0.089% | $243K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3674 | +0.115% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3674 | +0.109% | $1.4M | $4.2M | 75x | as long as short |
| Hyperliquid CRV | +0.0356% | 1h | 0.3677 | +0.199% | $22.8M | $16.3M | 10x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0376% | 1h | 0.3673 | +0.082% | $382K | $4.7M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3674 | +0.118% | $218K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0499% | 1h | 0.3678 | +0.204% | $108K | $369K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC 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
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP