Funding you earn now, next payment 04:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h −0.026%
Price spread now: Coinbase International against Bitget+0.577%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$650.647% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.508%−$51 · spread now +0.577%, 7d avg +0.074%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.502% dearer against Bitget than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of +0.074%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% 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 | Bitget CRVUSDT | 0.3640 | 0.0100 | pay 0.0100% / 8h | 3h 49m | $6.8M | $5.1M | 75x |
| Short | Coinbase International CRV-PERP-INTX | 0.3661 | 0.0432 | get 0.0054% / 1h | 49m 54s | $388K | $4.1M | 50x |
Bitget CRVUSDT
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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: +0.577% → +0.074%
- $50.24
- Slippage, 4 orders
- −$42.67
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $55.3
- Costs to cover
- 0.647%
- Break-even
- 1.4 days
Slippage from Bitget: live order book, 3 min ago; Coinbase International: live order book, 4 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 Bitget live order book, 3 min ago | 5.46 bp | 20.8 bp −$21 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 4.11 bp | 14.3 bp −$14 | 20.1 bp −$201 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3638 | −0.057% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3651 | +0.315% | $38K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3635 | −0.137% | $55K | $47K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.824% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | +0.0044% | 1h | 0.3658 | +0.500% | $26K | $176K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3638 | −0.055% | $384K | $698K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3636 | −0.110% | $24K | $902 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3642 | +0.042% | $130K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3645 | +0.147% | $370K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3638 | −0.055% | $24.9M | $54.5M | 75x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3636 | −0.110% | $27.5M | $17.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3637 | −0.082% | $8.8M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3642 | +0.055% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3639 | −0.027% | $13.5M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3641 | +0.027% | $6.1M | $8.6M | 50x | as long as short |
| Bitget CRVUSDTlong | +0.0100% | 8h | 0.3640 | long leg | $6.8M | $5.1M | 75x | |
| BingX CRV-USDC | +0.0100% | 8h | 0.3639 | −0.027% | — | $1.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3639 | −0.014% | $102K | $256K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3646 | +0.161% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3649 | +0.252% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3656 | +0.427% | $517K | $451K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3654 | +0.385% | $53K | $685K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3698 | +1.593% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3637 | −0.082% | $260K | $493K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3636 | −0.110% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3643 | +0.082% | $1.4M | $4.1M | 75x | as long as short |
| Hyperliquid CRV | +0.0334% | 1h | 0.3644 | +0.096% | $22.0M | $14.9M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0418% / S −0.0177% | 1h | 0.3638 | −0.051% | $213K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0432% | 1h | 0.3661 | +0.577% | $388K | $4.1M | 50x | |
| Kraken Futures PF_CRVUSD | +0.0723% | 1h | 0.3640 | −0.010% | $3.1M | $2.6M | 50x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
BingX CRV-USDC
Backpack CRV_USDC_PERP
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]
Kraken Futures PF_CRVUSD