Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h −0.360%

Price spread now: Deribit against Bybit+0.082%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−1.343%−$134 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.082% dearer against Bybit than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRVUSDT	0.3675	0.0100	pay 0.0100% / 8h	1h 36m	$27.9M	$17.1M	75x
Short	Deribit CRV_USDC-PERPETUAL	0.3678	−0.0293	pay 0.0037% / 1h	36m 49s	$57K	$48K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee DeribitbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$82.53
Price spread: +0.082% → 0.000%: $8.16
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$92.37
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.

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 Bybit live order book, 2 min ago	1.36 bp	13.3 bp −$13	30.0 bp −$300	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPETUALshort	−0.0293%	1h	0.3678	+0.082%	$57K	$48K	25x
Injective CRV/USDC PERP	−0.0228%	1h	0.3620	−1.497%	$78	$318K	12x	as long as short
Phoenix CRV	−0.0176%	1h	0.3686	+0.297%	$26K	$181K	10x	as long as short
Reya CRVRUSDPERP	−0.0049%	1h	0.3679	+0.095%	$16	—	15x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3685	+0.277%	$38K	$4K	10x	as long as short
Kraken Futures PF_CRVUSD	+0.0027%	1h	0.3683	+0.211%	$3.1M	$3.2M	50x	as long as short
Orderly PERP_CRV_USDC	+0.0095%	8h	0.3680	+0.136%	$25K	$1K	10x	as long as short
Lighter CRV	+0.0096%	1h	0.3674	−0.016%	$415K	$702K	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3682	+0.191%	$132K	$186K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3686	+0.298%	$381K	$189K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRVUSDT	+0.0100%	8h	0.3674	−0.027%	$25.8M	$57.1M	75x	as long as short
Bybit CRVUSDTlong	+0.0100%	8h	0.3675	long leg	$27.9M	$17.1M	75x
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3674	−0.027%	$8.8M	$22.2M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3683	+0.218%	$2.0M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3678	+0.082%	$14.7M	$5.5M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3682	+0.190%	$7.1M	$9.1M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3678	+0.082%	$6.9M	$5.6M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3679	+0.109%	—	$21.6M	—	as long as short
Variational Omni CRV	+0.0100%	8h	0.3688	+0.356%	$1.1M	$138K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3682	+0.191%	$38K	$172K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3686	+0.297%	$513K	$437K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3687	+0.327%	$61K	$695K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3714	+1.061%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3676	+0.038%	$245K	$883K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3679	+0.122%	$19K	$9K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3679	+0.109%	$1.4M	$4.5M	75x	as long as short
Coinbase International CRV-PERP-INTX	+0.0376%	1h	0.3687	+0.327%	$387K	$4.8M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0403% / S −0.0160%	1h	0.3681	+0.175%	$218K	—	100x	as long as short
Backpack CRV_USDC_PERP	+0.0432%	1h	0.3683	+0.212%	$107K	$362K	10x	as long as short
Hyperliquid CRV	+0.0440%	1h	0.3682	+0.190%	$22.8M	$16.6M	10x	as long as short