Funding you earn now, next payment 05:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.019%
Price spread now: BloFin against Backpack−0.050%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.050%, 7d avg −0.077%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.028% dearer against Backpack than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CRV_USDC_PERP | 0.3622 | 0.0100 | pay 0.0013% / 1h | 13m 01s | $99K | $258K | 10x |
| Short | BloFin CRV-USDT | 0.3620 | 0.0220 | get 0.0220% / 8h | 3h 13m | $1.4M | $4.0M | 75x |
Backpack CRV_USDC_PERP
BloFin CRV-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.050% → −0.077%
- $2.76
- Slippage, 4 orders
- −$21.87
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$15.91
- Costs to cover
- 0.439%
- Break-even
- 11.4 days
Slippage from Backpack: live order book, 40 min ago; BloFin: live order book, 10 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, 40 min ago | 1.50 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 10 min ago | 2.76 bp | 12.1 bp −$12 | 24.3 bp −$243 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3621 | −0.024% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3621 | −0.031% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3620 | −0.050% | $55K | $46K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.331% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | +0.0044% | 1h | 0.3622 | −0.006% | $26K | $176K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3620 | −0.052% | $383K | $704K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3622 | −0.004% | $129K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3620 | −0.043% | $367K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3620 | −0.050% | $25.2M | $54.8M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3618 | −0.105% | $27.4M | $17.6M | 75x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3620 | −0.050% | $8.8M | $19.9M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3620 | −0.050% | $1.9M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3620 | −0.050% | $13.4M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3621 | −0.022% | $6.1M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3621 | −0.022% | $6.8M | $5.1M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3620 | −0.050% | — | $23.5M | — | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0100% | 1h | 0.3622 | long leg | $99K | $258K | 10x | |
| Variational Omni CRV | +0.0100% | 8h | 0.3622 | +0.002% | $1.1M | $93K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3623 | +0.047% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3624 | +0.062% | $512K | $440K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3631 | +0.254% | $54K | $685K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3619 | −0.077% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3664 | +1.165% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3618 | −0.092% | $257K | $495K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3620 | −0.052% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDTshort | +0.0220% | 8h | 0.3620 | −0.050% | $1.4M | $4.0M | 75x | |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0177% | 1h | 0.3621 | −0.020% | $212K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3622 | +0.006% | $370K | $4.1M | 50x | as long as short |
| Hyperliquid CRV | +0.0434% | 1h | 0.3625 | +0.099% | $21.9M | $15.0M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0726% | 1h | 0.3624 | +0.069% | $3.1M | $2.6M | 50x | as long as short |
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Hyperliquid CRV
Kraken Futures PF_CRVUSD