Funding you earn now, next payment 01:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h +0.060%
Price spread now: Bybit against Coinbase International−0.218%7-day average −0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.218%, 7d avg −0.138%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.081% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.138%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% 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 | Coinbase International CRV-PERP-INTX | 0.3667 | 0.0376 | pay 0.0047% / 1h | 4m 10s | $385K | $4.2M | 50x |
| Short | Bybit CRVUSDT | 0.3659 | 0.0100 | get 0.0100% / 8h | 6h 04m | $27.9M | $17.7M | 75x |
Coinbase International CRV-PERP-INTX
Bybit CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$57.96
- Price spread: −0.218% → −0.138%
- −$8.06
- Slippage, 4 orders
- −$34.38
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$121.4
- Costs to cover
- 0.554%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 6.87 bp | 14.3 bp −$14 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.37 bp | 13.5 bp −$13 | 31.6 bp −$316 | 146.8 bp −$14.7K | doesn't fit |
CRV on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0066% | 1h | 0.3654 | −0.344% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3662 | −0.140% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0023% | 1h | 0.3662 | −0.136% | $56K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3661 | −0.159% | $38K | $7K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.082% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3663 | −0.109% | $24K | $979 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3662 | −0.145% | $385K | $716K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3665 | −0.055% | $22.3M | $15.1M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3663 | −0.099% | $130K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3662 | −0.139% | $372K | $198K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid CRV
Aster CRVUSDT
Pacifica CRVShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3665 | −0.066% | $25.3M | $54.9M | 75x | as long as short |
| Bybit CRVUSDTshort | +0.0100% | 8h | 0.3659 | −0.218% | $27.9M | $17.7M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3659 | −0.218% | $8.8M | $20.7M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3664 | −0.082% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3663 | −0.109% | $14.7M | $5.4M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3664 | −0.082% | $6.3M | $8.9M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3664 | −0.082% | $6.9M | $5.4M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3661 | −0.164% | — | $1.7M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3665 | −0.049% | $98K | $299K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3651 | −0.440% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3651 | −0.429% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3636 | −0.842% | $512K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3655 | −0.327% | $53K | $689K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3722 | +1.500% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3660 | −0.186% | $238K | $477K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3662 | −0.127% | $13K | $6K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0288% | 1h | 0.3667 | +0.001% | $3.1M | $2.7M | 50x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0376% | 1h | 0.3667 | long leg | $385K | $4.2M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0460% / S −0.0206% | 1h | 0.3664 | −0.074% | $234K | — | 100x | as long as short |
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
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
Kraken Futures PF_CRVUSD
GMX CRV/USD [ETH-USDC]