Funding you earn now, next payment 02:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h −0.053%
Price spread now: Coinbase International against KuCoin0.000%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$810.810% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now 0.000%, 7d avg +0.048%
=Funding pays, the price is against you. Coinbase International is 0.048% cheaper against KuCoin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.048%). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.013% in total) that is about 25 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% 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 | KuCoin CRVUSDTM | 0.3668 | 0.0100 | pay 0.0100% / 8h | 5h 26m | $6.3M | $8.8M | 50x |
| Short | Coinbase International CRV-PERP-INTX | 0.3668 | 0.0344 | get 0.0043% / 1h | 26m 46s | $386K | $4.1M | 50x |
KuCoin CRVUSDTM
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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
- $51.24
- Price spread: 0.000% → +0.048%
- −$4.81
- Slippage, 4 orders
- −$59.01
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$34.57
- Costs to cover
- 0.810%
- Break-even
- 11.7 days
Slippage from KuCoin: live order book, 1 min ago; Coinbase International: live order book, 2 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 KuCoin live order book, 1 min ago | 2.73 bp | 19.6 bp −$20 | 99.5 bp −$995 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 5.46 bp | 13.0 bp −$13 | 19.6 bp −$196 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0065% | 1h | 0.3674 | +0.164% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3661 | −0.196% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3666 | −0.065% | $38K | $7K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3663 | −0.136% | $55K | $49K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.055% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3664 | −0.109% | $24K | $902 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3669 | +0.016% | $386K | $707K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3674 | +0.172% | $22.3M | $15.2M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3667 | −0.019% | $131K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3671 | +0.079% | $372K | $198K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3671 | +0.082% | $25.4M | $53.8M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3669 | +0.027% | $27.8M | $17.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3670 | +0.055% | $8.9M | $20.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3666 | −0.055% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3670 | +0.055% | $14.7M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTMlong | +0.0100% | 8h | 0.3668 | long leg | $6.3M | $8.8M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3675 | +0.191% | $6.9M | $5.2M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3672 | +0.109% | — | $1.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3666 | −0.049% | $100K | $296K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3669 | +0.020% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3670 | +0.042% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3668 | −0.011% | $517K | $429K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3673 | +0.136% | $53K | $687K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3691 | +0.627% | $1K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3666 | −0.054% | $240K | $477K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3663 | −0.128% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3663 | −0.136% | $1.4M | $4.0M | 75x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0344% | 1h | 0.3668 | 0.000% | $386K | $4.1M | 50x | |
| Kraken Futures PF_CRVUSD | +0.0370% | 1h | 0.3667 | −0.017% | $3.1M | $2.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0437% / S −0.0190% | 1h | 0.3662 | −0.162% | $221K | — | 100x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
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
BloFin CRV-USDT
Kraken Futures PF_CRVUSD
GMX CRV/USD [ETH-USDC]