Funding you earn now, next payment 00:00 UTC+0.0411%/8h= +45.0% APRnext payment +$0.51 per $10,000 · paid last 24h +0.063%
Price spread now: Backpack against ApeX Omni+0.068%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 3 days (all we have)−0.263%−$26 · spread now +0.068%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Backpack is 0.050% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.019%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 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 | ApeX Omni CRVUSDT | 0.3659 | 0.0100 | pay 0.0013% / 1h | 9m 10s | $60K | $696K | 50x |
| Short | Backpack CRV_USDC_PERP | 0.3661 | 0.0511 | get 0.0064% / 1h | 9m 10s | $107K | $291K | 10x |
ApeX Omni CRVUSDT
Backpack CRV_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. 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
- $86.32
- Price spread: +0.068% → +0.019%
- $4.96
- Slippage, 4 orders
- −$24.5
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $46.78
- Costs to cover
- 0.445%
- Break-even
- 3.2 days
Slippage from ApeX Omni: live order book, 4 min ago; Backpack: 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 ApeX Omni live order book, 4 min ago | 6.83 bp | 14.4 bp −$14 | 87.8 bp −$878 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.96 bp | 8.2 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | +0.301% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0108% | 1h | 0.3658 | −0.022% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3657 | −0.055% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0023% | 1h | 0.3659 | 0.000% | $57K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3659 | −0.003% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3659 | 0.000% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3658 | −0.016% | $414K | $737K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3659 | −0.002% | $130K | $184K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3657 | −0.053% | $369K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3658 | −0.038% | $25.6M | $56.2M | 75x | as long as short |
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3657 | −0.055% | $27.7M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3657 | −0.055% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3658 | −0.027% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3659 | 0.000% | $14.5M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3660 | +0.027% | $7.3M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3660 | +0.027% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3659 | 0.000% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3652 | −0.192% | $1.1M | $111K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3660 | +0.025% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3655 | −0.120% | $511K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDTlong | +0.0100% | 1h | 0.3659 | long leg | $60K | $696K | 50x | |
| SunX CRV-USDT | +0.0100% | 8h | 0.3677 | +0.492% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3656 | −0.081% | $243K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3659 | 0.000% | $19K | $9K | 3x | as long as short |
| Hyperliquid CRV | +0.0148% | 1h | 0.3663 | +0.112% | $22.7M | $16.4M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0156% | 1h | 0.3661 | +0.068% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3657 | −0.055% | $1.4M | $4.4M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3665 | +0.164% | $385K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0173% | 1h | 0.3660 | +0.031% | $220K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPshort | +0.0511% | 1h | 0.3661 | +0.068% | $107K | $291K | 10x |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Hyperliquid CRV
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]