Settings8H · net · $10k
Funding arb · Price arb /

CRV

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0207%/8h= +22.6% APRpaid last 24h +0.072%
Price spread now: Hyperliquid against Aster+0.251%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$890.885% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.091%+$9 on $10k
Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.251%, 7d avg +0.118%
Together, before fees+0.096%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.132% dearer against Aster than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.118%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster CRVUSDT0.36370.0100pay 0.0100% / 8h2h 19m$130K$186K10x
ShortHyperliquid CRV0.36460.0307get 0.0038% / 1h19m 22s$22.4M$17.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$43.43
Price spread: +0.251% → +0.118%
$13.23
Slippage, 4 orders
−$71.51
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$31.85
Costs to cover
0.885%
Break-even
12.1 days
Slippage from Aster: live order book, 2 min ago; Hyperliquid: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 2 min ago27.47 bp36.0 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago0.14 bp10.9 bp −$11doesn't fitdoesn't fitdoesn't fit

CRV on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit CRV_USDC-PERPETUAL−0.0849%1h0.3636−0.027%$57K$48K25xas long as short
Injective CRV/USDC PERP−0.0103%1h0.3630−0.192%$78$265K12xas long as short
Reya CRVRUSDPERP−0.0049%1h0.3639+0.065%$1615xas long as short
dYdX CRV-USD0.0000%1h0.3639+0.049%$38K$4K10xas long as short
Phoenix CRV0.0000%1h0.3637+0.006%$26K$193K10xas long as short
Orderly PERP_CRV_USDC+0.0095%8h0.3639+0.055%$24K$70110xas long as short
Lighter CRV+0.0096%1h0.3639+0.058%$413K$699K10xas long as short
Aster CRVUSDTlong+0.0100%8h0.3637long leg$130K$186K10x
Pacifica CRV+0.0100%1h0.3640+0.083%$374K$173K10xas long as short
Binance CRVUSDT+0.0100%8h0.3640+0.075%$25.5M$58.3M75xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CRVUSDT+0.0100%8h0.3639+0.055%$27.7M$17.3M75xas long as short
OKX CRV-USDT-SWAP+0.0100%8h0.36370.000%$8.6M$22.5M50xas long as short
Gate CRV_USDT+0.0100%8h0.3641+0.110%$2.0M$1.3M50xas long as short
MEXC CRV_USDT+0.0100%8h0.3638+0.028%$14.5M$5.7M125xas long as short
KuCoin CRVUSDTM+0.0100%8h0.3642+0.138%$7.0M$9.2M50xas long as short
Bitget CRVUSDT+0.0100%8h0.3641+0.110%$6.9M$5.8M75xas long as short
BingX CRV-USDT+0.0100%8h0.3641+0.110%$21.6Mas long as short
Variational Omni CRV+0.0100%8h0.3642+0.146%$1.1M$152Kas long as short
edgeX CRVUSDC+0.0100%4h0.3642+0.145%$38K$172K20xas long as short
GRVT CRV_USDT_Perp+0.0100%8h0.3650+0.355%$508K$462K10xas long as short
ApeX Omni CRVUSDT+0.0100%1h0.3647+0.275%$60K$693K50xas long as short
SunX CRV-USDT+0.0100%8h0.3680+1.183%$2K$1.3M20xas long as short
Extended CRV-USD+0.0104%1h0.3639+0.060%$242K$886K25xas long as short
Aevo CRV-PERP+0.0104%1h0.3639+0.055%$19K$9K3xas long as short
Kraken Futures PF_CRVUSD+0.0163%1h0.3642+0.146%$3.1M$3.5M50xas long as short
BloFin CRV-USDT+0.0220%8h0.3640+0.083%$1.4M$4.8M75xas long as short
Hyperliquid CRVshort+0.0307%1h0.3646+0.251%$22.4M$17.1M10x
Coinbase International CRV-PERP-INTX+0.0384%1h0.3641+0.110%$387K$4.9M50xas long as short
GMX CRV/USD [ETH-USDC]L +0.0401% / S −0.0160%1h0.3641+0.111%$216K100xas long as short
Backpack CRV_USDC_PERP+0.0482%1h0.3641+0.110%$104K$362K10xas long as short