Funding you earn now, next payment 00:00 UTC−0.0605%/8h= −66.2% APRpaid last 24h −0.063%
Price spread now: Aster against Backpack−0.077%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1021.023% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.358%+$36 · spread now −0.077%, 7d avg −0.007%
=Together, before fees+0.353%+ Points / potential airdropAster: Stage 5 · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Aster is 0.070% cheaper against Backpack than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% 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 | Backpack CRV_USDC_PERP | 0.3694 | 0.0705 | pay 0.0088% / 1h | 36m 43s | $108K | $305K | 10x |
| Short | Aster CRVUSDT | 0.3691 | 0.0100 | get 0.0100% / 8h | 36m 43s | $132K | $186K | 10x |
Backpack CRV_USDC_PERP
Aster CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$127.02
- Price spread: −0.077% → −0.007%
- −$6.99
- Slippage, 4 orders
- −$84.31
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$236.32
- Costs to cover
- 1.023%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 42 min ago; Aster: live order book, 40 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, 42 min ago | 0.14 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 40 min ago | 13.64 bp | 39.8 bp −$40 | 331.7 bp −$3,317 | 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 | −0.652% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0108% | 1h | 0.3700 | +0.171% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3689 | −0.150% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0021% | 1h | 0.3690 | −0.111% | $57K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3687 | −0.200% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3690 | −0.111% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3686 | −0.217% | $416K | $720K | 10x | as long as short |
| Aster CRVUSDTshort | +0.0100% | 8h | 0.3691 | −0.077% | $132K | $186K | 10x | |
| Pacifica CRV | +0.0100% | 1h | 0.3685 | −0.234% | $374K | $205K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3685 | −0.246% | $25.9M | $56.4M | 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
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 | 0.3686 | −0.219% | $28.2M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3684 | −0.273% | $8.9M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3691 | −0.084% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3684 | −0.273% | $14.6M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3690 | −0.111% | $7.5M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3687 | −0.192% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3689 | −0.138% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3695 | +0.025% | $1.1M | $110K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3695 | +0.037% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3699 | +0.134% | $523K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3696 | +0.051% | $61K | $697K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3702 | +0.214% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3688 | −0.155% | $245K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3690 | −0.125% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0155% | 1h | 0.3693 | −0.034% | $3.1M | $3.0M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3690 | −0.111% | $1.4M | $4.4M | 75x | as long as short |
| Hyperliquid CRV | +0.0371% | 1h | 0.3690 | −0.111% | $23.0M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3690 | −0.111% | $391K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0454% / S −0.0195% | 1h | 0.3691 | −0.086% | $239K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0705% | 1h | 0.3694 | long leg | $108K | $305K | 10x |
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
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]