Funding you earn now, next payment 08:00 UTC−0.0308%/8h= −33.7% APRnext payment −$0.38 per $10,000 · paid last 24h −0.043%
Price spread now: ApeX Omni against Coinbase International−0.111%75s7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.577%+$58 · spread now −0.111%, 7d avg −0.073%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and ApeX Omni is 0.039% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.073%). Swap the legs. The two prices were read 75 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 -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 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 | Coinbase International CRV-PERP-INTX | 0.3588 | 0.0408 | pay 0.0051% / 1h | 41m 36s | $360K | $4.4M | 50x |
| Short | ApeX Omni CRVUSDT | 0.3584 | 0.0100 | get 0.0013% / 1h | 41m 36s | $53K | $664K | 50x |
Coinbase International CRV-PERP-INTX
ApeX Omni CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. 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
- −$64.68
- Price spread: −0.111% → −0.073%
- −$3.88
- Slippage, 4 orders
- −$38.76
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$127.31
- Costs to cover
- 0.588%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; ApeX Omni: live order book, 57 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 Coinbase International live order book, 2 min ago | 5.57 bp | 14.5 bp −$15 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 57 min ago | 7.03 bp | 14.0 bp −$14 | 99.4 bp −$994 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | −0.0159% | 8h | 0.3576 | −0.334% | $26.9M | $19.7M | 75x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3583 | −0.127% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0029% | 1h | 0.3583 | −0.139% | $54K | $46K | 25x | as long as short |
| Phoenix CRV | −0.0022% | 1h | 0.3586 | −0.061% | $26K | $190K | 10x | as long as short |
| Variational Omni CRV | −0.0005% | 8h | 0.3584 | −0.114% | $1.1M | $94K | — | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3582 | −0.159% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.285% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3581 | −0.203% | $375K | $681K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3586 | −0.059% | $21.0M | $16.8M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3585 | −0.093% | $115K | $193K | 10x | as long as short |
Bybit CRVUSDT
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Variational Omni CRV
dYdX CRV-USD
Injective CRV/USDC PERP
Lighter CRV
Hyperliquid CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3580 | −0.236% | $361K | $200K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3580 | −0.223% | $24.7M | $57.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3579 | −0.251% | $8.7M | $20.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3586 | −0.056% | $1.9M | $1.2M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3582 | −0.167% | $12.4M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3585 | −0.084% | $6.8M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3582 | −0.167% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3581 | −0.195% | — | $23.5M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3585 | −0.084% | $93K | $256K | 10x | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3586 | −0.063% | $37K | $175K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3590 | +0.057% | $511K | $419K | 10x | as long as short |
| ApeX Omni CRVUSDTshort | +0.0100% | 1h | 0.3584 | −0.111% | $53K | $664K | 50x | |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3584 | −0.111% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3662 | +2.062% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3579 | −0.262% | $255K | $512K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3583 | −0.152% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3584 | −0.111% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0408% | 1h | 0.3588 | long leg | $360K | $4.4M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3584 | −0.110% | $209K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0666% | 1h | 0.3586 | −0.059% | $3.0M | $2.8M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Backpack CRV_USDC_PERP
edgeX CRVUSDC
GRVT CRV_USDT_Perp
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD