Funding you earn now, next payment 11:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.072%
Price spread now: Coinbase International against BingX−0.337%7-day average +0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.444%+$44 · spread now −0.337%, 7d avg +0.119%
=Funding pays, the price is against you. Coinbase International is 0.456% cheaper against BingX than usual: you would sell low and buy high (spread −0.337% now, against its 7-day average of +0.119%). If the spread goes back, that is −$46 on $10k: about 4.8 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.009% in total) that is about 11 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CRV-USDT | 0.3563 | 0.0100 | pay 0.0100% / 8h | 4h 48m | — | $40.0M | — |
| Short | Coinbase International CRV-PERP-INTX | 0.3551 | 0.0416 | get 0.0052% / 1h | 48m 45s | $354K | $3.9M | 50x |
BingX CRV-USDT
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BingX. 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
- $66.36
- Price spread: −0.337% → +0.119%
- −$45.61
- Slippage, 4 orders
- −$30.77
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$30.02
- Costs to cover
- 0.508%
- Break-even
- 10.2 days
Slippage from BingX: live order book, 3 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 BingX live order book, 3 min ago | 2.81 bp | 12.1 bp −$12 | 27.1 bp −$271 | 96.8 bp −$9,685 | 338.1 bp −$169.0K |
| Sell Coinbase International live order book, 3 min ago | 7.03 bp | 14.7 bp −$15 | 22.1 bp −$221 | doesn't fit | doesn't fit |
CRV on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CRV | −0.0150% | 8h | 0.3551 | −0.349% | $1.1M | $102K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3553 | −0.293% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0032% | 1h | 0.3548 | −0.421% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3567 | +0.120% | $40K | $13K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3564 | +0.028% | $25K | $163K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.003% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3566 | +0.084% | $388K | $581K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3563 | +0.002% | $139K | $131K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3566 | +0.074% | $360K | $188K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3565 | +0.043% | $24.7M | $51.3M | 75x | as long as short |
Variational Omni CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Phoenix CRV
Injective CRV/USDC PERP
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3565 | +0.056% | $26.7M | $18.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3566 | +0.084% | $8.6M | $18.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3557 | −0.168% | $1.8M | $1.1M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3563 | 0.000% | $12.4M | $5.1M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3568 | +0.140% | $6.5M | $8.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3567 | +0.112% | $6.7M | $4.2M | 75x | as long as short |
| BingX CRV-USDTlong | +0.0100% | 8h | 0.3563 | long leg | — | $40.0M | — | |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3553 | −0.269% | $90K | $215K | 10x | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3553 | −0.287% | $37K | $170K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3556 | −0.188% | $505K | $377K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3553 | −0.281% | $51K | $645K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3549 | −0.393% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3623 | +1.684% | $1K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3556 | −0.209% | $253K | $529K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3540 | −0.638% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3551 | −0.337% | $1.3M | $3.4M | 75x | as long as short |
| Hyperliquid CRV | +0.0403% | 1h | 0.3569 | +0.166% | $21.4M | $15.9M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0178% | 1h | 0.3549 | −0.390% | $209K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0416% | 1h | 0.3551 | −0.337% | $354K | $3.9M | 50x | |
| Kraken Futures PF_CRVUSD | +0.0696% | 1h | 0.3554 | −0.244% | $3.0M | $2.1M | 50x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
Backpack CRV_USDC_PERP
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD