Funding you earn now, next payment 01:00 UTC+0.0276%/8h= +30.2% APRnext payment +$0.34 per $10,000 · paid last 24h −0.127%
Price spread now: Coinbase International against Hyperliquid+0.069%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$490.494% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 3 days (all we have)−0.206%−$21 · spread now +0.069%, 7d avg −0.065%
=Together, before fees−0.350%+ Points / potential airdropHyperliquid: Season 2 · farm board−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.134% dearer against Hyperliquid than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.065%. Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 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 | Hyperliquid CRV | 0.3634 | 0.0100 | pay 0.0013% / 1h | 24m 11s | $22.1M | $15.3M | 10x |
| Short | Coinbase International CRV-PERP-INTX | 0.3636 | 0.0376 | get 0.0047% / 1h | 24m 11s | $380K | $4.2M | 50x |
Hyperliquid CRV
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Hyperliquid. 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: +0.069% → −0.065%
- $13.39
- Slippage, 4 orders
- −$30.43
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $21.91
- Costs to cover
- 0.494%
- Break-even
- 4.4 days
Slippage from Hyperliquid: live order book, 9 min ago; Coinbase International: 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 Hyperliquid live order book, 9 min ago | 0.97 bp | 13.4 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 5.51 bp | 13.0 bp −$13 | 20.1 bp −$201 | doesn't fit | 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 | 0.3618 | −0.427% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3628 | −0.140% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0025% | 1h | 0.3629 | −0.124% | $55K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3633 | −0.028% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.005% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3629 | −0.124% | $24K | $979 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3630 | −0.083% | $383K | $713K | 10x | as long as short |
| Hyperliquid CRVlong | +0.0100% | 1h | 0.3634 | long leg | $22.1M | $15.3M | 10x | |
| Aster CRVUSDT | +0.0100% | 8h | 0.3634 | +0.010% | $129K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3636 | +0.070% | $367K | $196K | 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
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 | 0.3632 | −0.041% | $25.1M | $55.6M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3631 | −0.069% | $27.5M | $17.9M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3632 | −0.041% | $8.7M | $21.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3634 | +0.014% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3631 | −0.069% | $14.9M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3633 | −0.014% | $6.3M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3633 | −0.014% | $6.8M | $5.5M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3632 | −0.041% | — | $1.7M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3649 | +0.432% | $98K | $300K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3636 | +0.066% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3629 | −0.128% | $37K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3626 | −0.207% | $508K | $427K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3622 | −0.316% | $52K | $691K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3682 | +1.335% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3629 | −0.136% | $237K | $499K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3629 | −0.114% | $13K | $6K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0291% | 1h | 0.3634 | +0.023% | $3.1M | $2.7M | 50x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0376% | 1h | 0.3636 | +0.069% | $380K | $4.2M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0455% / S −0.0203% | 1h | 0.3630 | −0.108% | $231K | — | 100x | as long as short |
Binance CRVUSDT
Bybit 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]