Funding you earn now, next payment 23:00 UTC−0.1053%/8h= −115.3% APRnext payment −$1.32 per $10,000 · paid last 24h −0.429%
Price spread now: Deribit against Backpack−0.033%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.423%−$142 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Deribit is 0.033% cheaper against Backpack than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CRV_USDC_PERP | 0.3672 | 0.0486 | pay 0.0061% / 1h | 54m 34s | $105K | $361K | 10x |
| Short | Deribit CRV_USDC-PERPETUAL | 0.3671 | −0.0567 | pay 0.0071% / 1h | 54m 34s | $57K | $48K | 25x |
Backpack CRV_USDC_PERP
Deribit CRV_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$221.18
- Price spread: −0.033% → 0.000%
- −$3.27
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$241.45
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 29 min ago; Deribit: no order-book sample. Net counts fees only.
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, 29 min ago | 0.14 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUALshort | −0.0567% | 1h | 0.3671 | −0.033% | $57K | $48K | 25x | |
| Injective CRV/USDC PERP | −0.0228% | 1h | 0.3620 | −1.421% | $78 | $318K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3672 | −0.012% | $16 | — | 15x | as long as short |
| ApeX Omni CRVUSDT | −0.0020% | 1h | 0.3648 | −0.659% | $60K | $695K | 50x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3669 | −0.076% | $38K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3656 | −0.433% | $26K | $181K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3674 | +0.038% | $3.1M | $3.4M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3671 | −0.033% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3667 | −0.147% | $416K | $699K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3669 | −0.081% | $131K | $186K | 10x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
ApeX Omni CRVUSDT
dYdX CRV-USD
Phoenix CRV
Kraken Futures PF_CRVUSD
Orderly PERP_CRV_USDC
Lighter 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 | 0.3668 | −0.105% | $373K | $177K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3662 | −0.278% | $25.6M | $58.0M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3663 | −0.251% | $27.7M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3662 | −0.278% | $8.7M | $22.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3669 | −0.087% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3666 | −0.169% | $14.6M | $5.4M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3671 | −0.033% | $7.1M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3669 | −0.087% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3667 | −0.142% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3663 | −0.245% | $1.1M | $145K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3633 | −1.062% | $38K | $171K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3648 | −0.669% | $508K | $450K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3718 | +1.247% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3664 | −0.226% | $243K | $886K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3671 | −0.033% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3673 | +0.022% | $1.4M | $4.7M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3665 | −0.196% | $390K | $4.9M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3672 | −0.009% | $218K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0436% | 1h | 0.3672 | −0.003% | $22.7M | $16.8M | 10x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0486% | 1h | 0.3672 | long leg | $105K | $361K | 10x |
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
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV