Funding you earn now, next payment 02:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.055%
Price spread now: ApeX Omni against Backpack−0.362%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$490.485% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+1.617%+$162 · spread now −0.362%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.345% cheaper against Backpack than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CRV_USDC_PERP | 0.3619 | 0.0093 | pay 0.0012% / 1h | 31m 11s | $97K | $300K | 10x |
| Short | ApeX Omni CRVUSDT | 0.3606 | 0.0045 | get 0.0006% / 1h | 31m 11s | $52K | $699K | 50x |
Backpack CRV_USDC_PERP
ApeX Omni CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Backpack. 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
- −$10.08
- Price spread: −0.362% → −0.017%
- −$34.53
- Slippage, 4 orders
- −$28.51
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$93.12
- Costs to cover
- 0.485%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 37 min ago; ApeX Omni: live order book, 37 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 Backpack live order book, 37 min ago | 0.41 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 37 min ago | 6.78 bp | 16.9 bp −$17 | 98.2 bp −$982 | 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 | 0.3606 | −0.359% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3618 | −0.032% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0026% | 1h | 0.3617 | −0.058% | $55K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3616 | −0.087% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.406% | $79 | $384K | 12x | as long as short |
| ApeX Omni CRVUSDTshort | +0.0045% | 1h | 0.3606 | −0.362% | $52K | $699K | 50x | |
| Backpack CRV_USDC_PERPlong | +0.0093% | 1h | 0.3619 | long leg | $97K | $300K | 10x | |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3617 | −0.058% | $24K | $979 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3616 | −0.077% | $381K | $711K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3623 | +0.116% | $22.2M | $15.5M | 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
Hyperliquid CRVShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CRVUSDT | +0.0100% | 8h | 0.3620 | +0.025% | $129K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3615 | −0.107% | $365K | $209K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3617 | −0.069% | $25.0M | $56.0M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3615 | −0.113% | $27.4M | $18.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3619 | −0.003% | $8.7M | $20.9M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3618 | −0.030% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3620 | +0.025% | $14.8M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3617 | −0.058% | $6.3M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3620 | +0.025% | $6.8M | $5.5M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3618 | −0.030% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3612 | −0.198% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3602 | −0.473% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3604 | −0.423% | $505K | $427K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3667 | +1.324% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3616 | −0.084% | $236K | $557K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3617 | −0.072% | $13K | $6K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0292% | 1h | 0.3622 | +0.079% | $3.1M | $2.8M | 50x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3625 | +0.163% | $381K | $4.3M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0453% / S −0.0202% | 1h | 0.3618 | −0.036% | $231K | — | 100x | as long as short |
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]