Funding you earn now, next payment 06:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h −0.057%
Price spread now: BingX against Backpack−0.240%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$770.767% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.240%, 7d avg −0.083%
=Funding pays, the price is against you. BingX is 0.157% cheaper against Backpack than usual: you would sell low and buy high (spread −0.240% now, against its 7-day average of −0.083%). If the spread goes back, that is −$16 on $10k: about 6.0 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CRV_USDC_PERP | 0.3588 | 0.0013 | pay 0.0002% / 1h | 43m 28s | $94K | $259K | 10x |
| Short | BingX CRV-USDC | 0.3579 | 0.0100 | get 0.0100% / 8h | 2h 43m | — | $1.6M | — |
Backpack CRV_USDC_PERP
BingX CRV-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $18.21
- Price spread: −0.240% → −0.083%
- −$15.69
- Slippage, 4 orders
- −$56.67
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$74.15
- Costs to cover
- 0.767%
- Break-even
- 35.5 days
Slippage from Backpack: live order book, 5 min ago; BingX: live order book, 9 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, 5 min ago | 1.25 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 13.90 bp | 33.5 bp −$33 | 67.5 bp −$675 | 385.7 bp −$38.6K | 901.9 bp −$451.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3580 | −0.213% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0029% | 1h | 0.3586 | −0.045% | $54K | $46K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3585 | −0.081% | $37K | $8K | 10x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0013% | 1h | 0.3588 | long leg | $94K | $259K | 10x | |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.297% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | +0.0045% | 1h | 0.3587 | −0.006% | $26K | $177K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3582 | −0.159% | $381K | $695K | 10x | as long as short |
| Variational Omni CRV | +0.0098% | 8h | 0.3582 | −0.160% | $1.1M | $94K | — | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3582 | −0.148% | $21.1M | $15.8M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3583 | −0.135% | $128K | $178K | 10x | as long as short |
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Phoenix CRV
Lighter CRV
Variational Omni CRV
Hyperliquid CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3582 | −0.147% | $363K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3580 | −0.224% | $24.7M | $55.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3577 | −0.295% | $27.2M | $17.9M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3581 | −0.184% | $8.7M | $19.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3584 | −0.100% | $1.8M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3582 | −0.156% | $12.9M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3582 | −0.156% | $6.0M | $8.4M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3583 | −0.128% | $6.7M | $5.2M | 75x | as long as short |
| BingX CRV-USDCshort | +0.0100% | 8h | 0.3579 | −0.240% | — | $1.6M | — | |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3587 | −0.016% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3590 | +0.067% | $504K | $443K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3590 | +0.067% | $54K | $683K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3585 | −0.072% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3648 | +1.684% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3582 | −0.168% | $254K | $497K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3585 | −0.059% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3589 | +0.039% | $1.4M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0415% / S −0.0177% | 1h | 0.3578 | −0.257% | $209K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3593 | +0.151% | $357K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0678% | 1h | 0.3589 | +0.039% | $3.0M | $2.6M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD