Funding you earn now, next payment 04:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h −0.119%
Price spread now: Coinbase International against GMX−0.025%7-day average +0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.415%−$41 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.025%, 7d avg +0.045%
=Funding pays, the price is against you. Coinbase International is 0.070% cheaper against GMX than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.045%). If the spread goes back, that is −$7 on $10k: about 15 days of funding at the current rate ($0 a day). Mind the row above: over the last 3 days funding on this pair cost −0.415%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX CRV/USD [ETH-USDC] | 0.3616 | L +0.0417% / S −0.0177% | pay 0.0052% / 1h | 22m 03s | $211K | — | 100x |
| Short | Coinbase International CRV-PERP-INTX | 0.3615 | 0.0432 | get 0.0054% / 1h | 22m 03s | $371K | $4.1M | 50x |
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against GMX. 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
- $3.21
- Price spread: −0.025% → +0.045%
- −$7.03
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$25.82
- Costs to cover
- 0.220%
- Break-even
- 63.3 days
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 2 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 2 min ago | 5.51 bp | 13.1 bp −$13 | 19.7 bp −$197 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.3614 | −0.041% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3615 | −0.020% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0027% | 1h | 0.3617 | +0.030% | $55K | $46K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.496% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | +0.0044% | 1h | 0.3629 | +0.362% | $26K | $176K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3617 | +0.025% | $382K | $703K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3617 | +0.025% | $129K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3613 | −0.071% | $367K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3616 | +0.003% | $25.1M | $54.9M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3613 | −0.080% | $27.3M | $17.6M | 75x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3614 | −0.053% | $8.7M | $19.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3616 | +0.003% | $1.9M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3615 | −0.025% | $13.4M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3615 | −0.025% | $6.1M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3616 | +0.003% | $6.8M | $5.1M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3615 | −0.025% | — | $23.5M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3618 | +0.064% | $102K | $256K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3624 | +0.219% | $1.1M | $93K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3631 | +0.430% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3630 | +0.385% | $513K | $440K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3633 | +0.473% | $54K | $684K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3617 | +0.030% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3654 | +1.054% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3616 | −0.011% | $256K | $494K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3617 | +0.022% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3620 | +0.113% | $1.4M | $4.0M | 75x | as long as short |
| Hyperliquid CRV | +0.0409% | 1h | 0.3622 | +0.169% | $21.9M | $15.0M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC]long | L +0.0417% / S −0.0177% | 1h | 0.3616 | long leg | $211K | — | 100x | |
| Coinbase International CRV-PERP-INTXshort | +0.0432% | 1h | 0.3615 | −0.025% | $371K | $4.1M | 50x | |
| Kraken Futures PF_CRVUSD | +0.0727% | 1h | 0.3620 | +0.111% | $3.1M | $2.6M | 50x | as long as short |
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Backpack CRV_USDC_PERP
Variational Omni CRV
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
Kraken Futures PF_CRVUSD