Funding you earn now, next payment 23:00 UTC−0.0368%/8h= −40.3% APRnext payment −$0.46 per $10,000 · paid last 24h −0.070%
Price spread now: Pacifica against Backpack−0.108%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$920.919% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.402%+$40 · spread now −0.108%, 7d avg −0.007%
=Together, before fees+0.407%+ Points / potential airdropPacifica: Active · farm board+$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Pacifica is 0.101% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.46 per $10,000. 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 | 0.3667 | 0.0468 | pay 0.0059% / 1h | 15m 26s | $108K | $369K | 10x |
| Short | Pacifica CRV | 0.3663 | 0.0100 | get 0.0013% / 1h | 15m 26s | $368K | $206K | 10x |
Backpack CRV_USDC_PERP
Pacifica CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$77.33
- Price spread: −0.108% → −0.007%
- −$10.07
- Slippage, 4 orders
- −$73.86
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$179.27
- Costs to cover
- 0.919%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; Pacifica: live order book, 3 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, 3 min ago | 0.14 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 3 min ago | 17.80 bp | 50.9 bp −$51 | doesn't fit | 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 | +0.071% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0176% | 1h | 0.3659 | −0.240% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3662 | −0.161% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0023% | 1h | 0.3665 | −0.065% | $57K | $48K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3662 | −0.157% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3669 | +0.035% | $3.1M | $3.0M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3663 | −0.120% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3663 | −0.125% | $414K | $707K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3663 | −0.112% | $131K | $186K | 10x | as long as short |
| Pacifica CRVshort | +0.0100% | 1h | 0.3663 | −0.108% | $368K | $206K | 10x |
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3662 | −0.146% | $25.7M | $56.6M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3661 | −0.175% | $27.8M | $17.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3661 | −0.175% | $8.7M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3663 | −0.120% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3662 | −0.147% | $14.5M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3666 | −0.038% | $7.2M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3664 | −0.093% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3661 | −0.175% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3664 | −0.092% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3654 | −0.353% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3660 | −0.203% | $518K | $435K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3658 | −0.256% | $60K | $694K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3686 | +0.507% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3661 | −0.168% | $243K | $882K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3665 | −0.053% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3656 | −0.311% | $1.4M | $4.2M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3665 | −0.065% | $386K | $4.7M | 50x | as long as short |
| Hyperliquid CRV | +0.0385% | 1h | 0.3668 | +0.022% | $22.8M | $16.4M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0402% / S −0.0160% | 1h | 0.3664 | −0.095% | $217K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0468% | 1h | 0.3667 | long leg | $108K | $369K | 10x |
Binance CRVUSDT
Bybit CRVUSDT
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
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]