Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.019%
Price spread now: Backpack against BloFin−0.085%7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.085%, 7d avg +0.078%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Backpack is 0.163% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% 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 | BloFin CRV-USDT | 0.3633 | 0.0220 | pay 0.0220% / 8h | 4h 29m | $1.4M | $4.0M | 75x |
| Short | Backpack CRV_USDC_PERP | 0.3630 | 0.0000 | pay 0.0000% / 1h | 29m 09s | $97K | $296K | 10x |
BloFin CRV-USDT
Backpack CRV_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$46.29
- Price spread: −0.085% → +0.078%
- −$16.35
- Slippage, 4 orders
- −$21.04
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$105.68
- Costs to cover
- 0.430%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Backpack: live order book, 29 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 BloFin live order book, 4 min ago | 1.38 bp | 15.2 bp −$15 | 29.3 bp −$293 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 29 min ago | 1.38 bp | 8.2 bp −$8 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3638 | +0.149% | $16 | — | 15x | as long as short |
| Backpack CRV_USDC_PERPshort | 0.0000% | 1h | 0.3630 | −0.085% | $97K | $296K | 10x | |
| dYdX CRV-USD | 0.0000% | 1h | 0.3641 | +0.215% | $38K | $7K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3618 | −0.405% | $26K | $168K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0025% | 1h | 0.3636 | +0.083% | $55K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.018% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3633 | −0.014% | $382K | $707K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0099% | 8h | 0.3636 | +0.083% | $24K | $902 | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3632 | −0.036% | $22.0M | $14.9M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3638 | +0.139% | $130K | $180K | 10x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRV
Orderly PERP_CRV_USDC
Hyperliquid 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 | 0.3639 | +0.154% | $369K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3628 | −0.145% | $24.9M | $54.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3624 | −0.248% | $27.4M | $17.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3626 | −0.193% | $8.7M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3634 | +0.028% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3632 | −0.028% | $14.0M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3637 | +0.110% | $6.2M | $8.7M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3629 | −0.110% | $6.8M | $5.2M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3630 | −0.083% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3625 | −0.224% | $1.1M | $102K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3628 | −0.139% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3630 | −0.095% | $506K | $441K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3611 | −0.606% | $52K | $686K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3690 | +1.569% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3634 | +0.036% | $238K | $479K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3636 | +0.077% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDTlong | +0.0220% | 8h | 0.3633 | long leg | $1.4M | $4.0M | 75x | |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3631 | −0.055% | $381K | $4.0M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0177% | 1h | 0.3636 | +0.082% | $213K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0695% | 1h | 0.3641 | +0.227% | $3.1M | $2.5M | 50x | as long as short |
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
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD