Funding you earn now, next payment 22:00 UTC−0.0374%/8h= −40.9% APRpaid last 24h −0.073%
Price spread now: KuCoin against Backpack−0.069%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$900.900% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.069%, 7d avg −0.020%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.049% cheaper against Backpack than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.1% 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 | 0.3645 | 0.0474 | pay 0.0059% / 1h | 33m 01s | $105K | $362K | 10x |
| Short | KuCoin CRVUSDTM | 0.3643 | 0.0100 | get 0.0100% / 8h | 2h 33m | $7.0M | $9.2M | 50x |
Backpack CRV_USDC_PERP
KuCoin CRVUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$78.44
- Price spread: −0.069% → −0.020%
- −$4.88
- Slippage, 4 orders
- −$67.96
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$173.29
- Costs to cover
- 0.900%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 55 min ago; KuCoin: 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, 55 min ago | 0.14 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.75 bp | 47.3 bp −$47 | 136.5 bp −$1,365 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0574% | 1h | 0.3639 | −0.178% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | −0.425% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3639 | −0.182% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3640 | −0.161% | $38K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3636 | −0.247% | $26K | $193K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3640 | −0.151% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3642 | −0.107% | $414K | $695K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3641 | −0.113% | $130K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3641 | −0.110% | $368K | $166K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3640 | −0.148% | $25.5M | $58.4M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3639 | −0.178% | $27.6M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3642 | −0.096% | $8.6M | $22.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3644 | −0.041% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3643 | −0.069% | $14.5M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTMshort | +0.0100% | 8h | 0.3643 | −0.069% | $7.0M | $9.2M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3645 | −0.014% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3642 | −0.096% | — | $1.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3631 | −0.388% | $1.1M | $151K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3636 | −0.261% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3640 | −0.160% | $513K | $462K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3630 | −0.425% | $60K | $695K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3678 | +0.892% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3642 | −0.094% | $241K | $886K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3641 | −0.135% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0163% | 1h | 0.3643 | −0.066% | $3.1M | $3.5M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3638 | −0.206% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0333% | 1h | 0.3647 | +0.047% | $22.4M | $17.0M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3642 | −0.096% | $389K | $4.9M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0402% / S −0.0160% | 1h | 0.3642 | −0.102% | $216K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0474% | 1h | 0.3645 | long leg | $105K | $362K | 10x |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]