Funding you earn now, next payment 09:00 UTC+0.0161%/8h= +17.7% APRpaid last 24h −0.056%
Price spread now: Bitget against Backpack+0.338%49s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.564% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.394%−$39 · spread now +0.338%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.381% dearer against Backpack than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CRV_USDC_PERP | 0.3575 | −0.0061 | get 0.0008% / 1h | 23m 22s | $91K | $255K | 10x |
| Short | Bitget CRVUSDT | 0.3587 | 0.0100 | get 0.0100% / 8h | 7h 23m | $6.7M | $5.4M | 75x |
Backpack CRV_USDC_PERP
Bitget CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $33.9
- Price spread: +0.338% → −0.043%
- $38.1
- Slippage, 4 orders
- −$34.4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $15.61
- Costs to cover
- 0.564%
- Break-even
- 3.8 days
Slippage from Backpack: live order book, 10 min ago; Bitget: live order book, 5 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, 10 min ago | 1.54 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.40 bp | 23.1 bp −$23 | 51.1 bp −$511 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | −0.0176% | 8h | 0.3583 | +0.227% | $27.0M | $19.6M | 75x | as long as short |
| Backpack CRV_USDC_PERPlong | −0.0061% | 1h | 0.3575 | long leg | $91K | $255K | 10x | |
| Variational Omni CRV | −0.0049% | 8h | 0.3550 | −0.702% | $1.1M | $106K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3584 | +0.252% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0030% | 1h | 0.3572 | −0.081% | $53K | $46K | 25x | as long as short |
| Phoenix CRV | −0.0022% | 1h | 0.3562 | −0.369% | $25K | $190K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3562 | −0.366% | $40K | $13K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.660% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3578 | +0.087% | $378K | $684K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3589 | +0.397% | $21.0M | $16.3M | 10x | as long as short |
Bybit CRVUSDT
Variational Omni CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
dYdX CRV-USD
Injective CRV/USDC PERP
Lighter CRV
Hyperliquid CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CRVUSDT | +0.0100% | 8h | 0.3585 | +0.296% | $115K | $193K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3580 | +0.145% | $361K | $200K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3586 | +0.310% | $24.7M | $57.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3586 | +0.310% | $8.7M | $20.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3582 | +0.199% | $1.8M | $1.2M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3584 | +0.255% | $12.4M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3586 | +0.310% | $6.8M | $8.5M | 50x | as long as short |
| Bitget CRVUSDTshort | +0.0100% | 8h | 0.3587 | +0.338% | $6.7M | $5.4M | 75x | |
| BingX CRV-USDC | +0.0100% | 8h | 0.3585 | +0.283% | — | $1.6M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3559 | −0.437% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3562 | −0.361% | $497K | $432K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3558 | −0.473% | $52K | $656K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3587 | +0.338% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3649 | +2.073% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3586 | +0.297% | $253K | $513K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3588 | +0.365% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3562 | −0.361% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0408% | 1h | 0.3572 | −0.081% | $358K | $4.2M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3570 | −0.130% | $209K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0669% | 1h | 0.3574 | −0.015% | $3.0M | $2.8M | 50x | as long as short |
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
BingX CRV-USDC
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
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD