Funding you earn now, next payment 23:00 UTC+0.0379%/8h= +41.5% APRpaid last 24h +0.070%
Price spread now: Backpack against Bitget+0.052%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$540.540% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.052%, 7d avg +0.050%
=The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% 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 | Bitget CRVUSDT | 0.3689 | 0.0100 | pay 0.0100% / 8h | 1h 41m | $7.0M | $5.6M | 75x |
| Short | Backpack CRV_USDC_PERP | 0.3691 | 0.0479 | get 0.0060% / 1h | 41m 49s | $108K | $362K | 10x |
Bitget CRVUSDT
Backpack CRV_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- $79.67
- Price spread: +0.052% → +0.050%
- $0.18
- Slippage, 4 orders
- −$31.99
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $25.85
- Costs to cover
- 0.540%
- Break-even
- 4.7 days
Slippage from Bitget: live order book, 1 min ago; Backpack: live order book, 42 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 Bitget live order book, 1 min ago | 2.71 bp | 15.7 bp −$16 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 42 min ago | 0.14 bp | 13.7 bp −$14 | 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 | 0.3620 | −1.870% | $78 | $318K | 12x | as long as short |
| Phoenix CRV | −0.0176% | 1h | 0.3673 | −0.434% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3685 | −0.103% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0021% | 1h | 0.3687 | −0.054% | $57K | $48K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3689 | +0.003% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3692 | +0.087% | $3.1M | $3.2M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3687 | −0.054% | $25K | $1K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3688 | −0.033% | $417K | $702K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3690 | +0.024% | $132K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3686 | −0.090% | $379K | $187K | 10x | as long as short |
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 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 | −0.027% | $25.9M | $57.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3688 | −0.027% | $28.0M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3686 | −0.081% | $8.8M | $22.3M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3688 | −0.027% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3687 | −0.054% | $14.8M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3690 | +0.027% | $7.2M | $9.1M | 50x | as long as short |
| Bitget CRVUSDTlong | +0.0100% | 8h | 0.3689 | long leg | $7.0M | $5.6M | 75x | |
| BingX CRV-USDT | +0.0100% | 8h | 0.3687 | −0.054% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3673 | −0.430% | $1.1M | $137K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3675 | −0.388% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3675 | −0.377% | $512K | $437K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3676 | −0.352% | $61K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3725 | +0.976% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3685 | −0.099% | $245K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3687 | −0.054% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3684 | −0.136% | $1.4M | $4.6M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3693 | +0.108% | $390K | $4.8M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3688 | −0.027% | $219K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0449% | 1h | 0.3694 | +0.122% | $22.9M | $16.9M | 10x | as long as short |
| Backpack CRV_USDC_PERPshort | +0.0479% | 1h | 0.3691 | +0.052% | $108K | $362K | 10x |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
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
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV