Funding you earn now, next payment 23:00 UTC−0.0410%/8h= −44.9% APRpaid last 24h −0.090%
Price spread now: GRVT against Backpack−0.491%85s7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$245as 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−$2442.436% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 3 days (all we have)+0.827%+$83 · spread now −0.491%, 7d avg −0.046%
=Together, before fees+0.812%+ Points / potential airdropGRVT: Active · farm board+$81 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and GRVT is 0.445% cheaper against Backpack than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.046%). Swap the legs. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% 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 | 0.3693 | 0.0510 | pay 0.0064% / 1h | 59m 41s | $108K | $317K | 10x |
| Short | GRVT CRV_USDT_Perp | 0.3674 | 0.0100 | get 0.0100% / 8h | 59m 41s | $520K | $427K | 10x |
Backpack CRV_USDC_PERP
GRVT CRV_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$86.04
- Price spread: −0.491% → −0.046%
- −$44.52
- Slippage, 4 orders
- −$224.63
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$374.19
- Costs to cover
- 2.436%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 19 min ago; GRVT: live order book, 18 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, 19 min ago | 0.14 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 18 min ago | 13.68 bp | 126.3 bp −$126 | 658.1 bp −$6,581 | 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 | −0.0228% | 1h | 0.3670 | −0.612% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0176% | 1h | 0.3680 | −0.352% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3693 | +0.004% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3693 | +0.009% | $38K | $5K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3695 | +0.065% | $57K | $49K | 25x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3698 | +0.135% | $3.1M | $3.0M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3694 | +0.038% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3687 | −0.146% | $417K | $718K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3690 | −0.077% | $132K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3693 | +0.003% | $371K | $208K | 10x | as long as short |
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Kraken Futures PF_CRVUSD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3688 | −0.125% | $26.0M | $56.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3687 | −0.152% | $28.2M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3687 | −0.152% | $8.8M | $21.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3688 | −0.125% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3685 | −0.206% | $14.7M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3689 | −0.097% | $7.3M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3690 | −0.070% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3685 | −0.206% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3677 | −0.422% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3687 | −0.141% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perpshort | +0.0100% | 8h | 0.3674 | −0.491% | $520K | $427K | 10x | |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3686 | −0.179% | $61K | $698K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3714 | +0.580% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3685 | −0.198% | $244K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3695 | +0.078% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3686 | −0.179% | $1.4M | $4.2M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3693 | +0.011% | $389K | $4.8M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0450% / S −0.0190% | 1h | 0.3695 | +0.064% | $239K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0476% | 1h | 0.3693 | +0.003% | $22.9M | $16.3M | 10x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0510% | 1h | 0.3693 | long leg | $108K | $317K | 10x |
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
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV