Funding you earn now, next payment 10:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h +0.064%
Price spread now: Coinbase International against Extended+0.378%56s7-day average +0.158% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as 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−$550.550% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.326%−$33 · spread now +0.378%, 7d avg +0.158%
=Together, before fees−0.326%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.220% dearer against Extended than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.158%. The two prices were read 56 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 +$0.36 per $10,000. 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 | Extended CRV-USD | 0.3552 | 0.0104 | pay 0.0013% / 1h | 53m 16s | $252K | $518K | 25x |
| Short | Coinbase International CRV-PERP-INTX | 0.3565 | 0.0392 | get 0.0049% / 1h | 53m 16s | $355K | $3.9M | 50x |
Extended CRV-USD
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- $60.48
- Price spread: +0.378% → +0.158%
- $21.97
- Slippage, 4 orders
- −$39.98
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $27.47
- Costs to cover
- 0.550%
- Break-even
- 3.8 days
Slippage from Extended: live order book, 57 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 Extended live order book, 57 min ago | 2.81 bp | 17.4 bp −$17 | 1267.1 bp −$12.7K | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 7.01 bp | 12.0 bp −$12 | 18.8 bp −$188 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0311% | 1h | 0.3554 | +0.074% | $92K | $244K | 10x | as long as short |
| Variational Omni CRV | −0.0104% | 8h | 0.3556 | +0.113% | $1.1M | $132K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3551 | −0.026% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0031% | 1h | 0.3554 | +0.068% | $54K | $45K | 25x | as long as short |
| Phoenix CRV | −0.0022% | 1h | 0.3553 | +0.026% | $25K | $171K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3555 | +0.098% | $40K | $13K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.334% | $79 | $384K | 12x | as long as short |
| Bybit CRVUSDT | +0.0091% | 8h | 0.3550 | −0.044% | $26.6M | $18.0M | 75x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3553 | +0.032% | $376K | $599K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3555 | +0.085% | $138K | $153K | 10x | as long as short |
Backpack CRV_USDC_PERP
Variational Omni CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
dYdX CRV-USD
Injective CRV/USDC PERP
Bybit CRVUSDT
Lighter CRV
Aster CRVUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3554 | +0.076% | $359K | $192K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3555 | +0.098% | $24.6M | $51.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3552 | +0.012% | $8.6M | $18.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3555 | +0.096% | $1.9M | $989K | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3552 | +0.012% | $12.2M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3553 | +0.040% | $6.5M | $8.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3555 | +0.096% | $6.7M | $4.1M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3554 | +0.068% | — | $1.6M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3560 | +0.239% | $37K | $170K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3560 | +0.237% | $505K | $390K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3557 | +0.153% | $51K | $650K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3554 | +0.068% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3640 | +2.490% | $1K | $1.2M | 20x | as long as short |
| Extended CRV-USDlong | +0.0104% | 1h | 0.3552 | long leg | $252K | $518K | 25x | |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3554 | +0.072% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3556 | +0.125% | $1.3M | $3.5M | 75x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0392% | 1h | 0.3565 | +0.378% | $355K | $3.9M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0413% / S −0.0178% | 1h | 0.3553 | +0.033% | $209K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0485% | 1h | 0.3559 | +0.201% | $21.1M | $16.0M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0662% | 1h | 0.3557 | +0.159% | $3.0M | $2.1M | 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-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV
Kraken Futures PF_CRVUSD