Settings8H · net · $10k
Funding arb · Price arb /

CRV

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.067%
Price spread now: Hyperliquid against Bybit+0.050%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$470.471% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.197%+$20 on $10k
Price spread, last 7 days+0.075%+$8 · spread now +0.050%, 7d avg +0.168%
Together, before fees+0.272%+ Points / potential airdropHyperliquid: Season 2 · farm board+$27 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.118% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.168%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CRVUSDT0.36030.0100pay 0.0100% / 8h6h 33m$27.3M$18.3M75x
ShortHyperliquid CRV0.36050.0100get 0.0013% / 1h33m 07s$22.0M$15.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.050% → +0.168%
−$11.83
Slippage, 4 orders
−$27.05
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$58.88
Costs to cover
0.471%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago1.39 bp13.5 bp −$1328.3 bp −$283doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago1.66 bp11.8 bp −$12doesn't fitdoesn't fitdoesn't fit

CRV on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix CRV−0.0066%1h0.3606+0.086%$26K$162K10xas long as short
Reya CRVRUSDPERP−0.0048%1h0.3600−0.085%$1515xas long as short
dYdX CRV-USD0.0000%1h0.3605+0.059%$37K$6K10xas long as short
Deribit CRV_USDC-PERPETUAL0.0000%1h0.36030.000%$55K$50K25xas long as short
Injective CRV/USDC PERP+0.0033%1h0.3670+1.860%$79$384K12xas long as short
ApeX Omni CRVUSDT+0.0045%1h0.3606+0.083%$52K$699K50xas long as short
Backpack CRV_USDC_PERP+0.0085%1h0.3604+0.014%$96K$302K10xas long as short
Orderly PERP_CRV_USDC+0.0095%8h0.36030.000%$24K$97910xas long as short
Lighter CRV+0.0096%1h0.3600−0.094%$380K$711K10xas long as short
Hyperliquid CRVshort+0.0100%1h0.3605+0.050%$22.0M$15.5M10x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CRVUSDT+0.0100%8h0.3607+0.112%$128K$182K10xas long as short
Pacifica CRV+0.0100%1h0.3601−0.051%$363K$209K10xas long as short
Binance CRVUSDT+0.0100%8h0.36030.000%$24.9M$56.3M75xas long as short
Bybit CRVUSDTlong+0.0100%8h0.3603long leg$27.3M$18.3M75x
OKX CRV-USDT-SWAP+0.0100%8h0.3609+0.167%$8.6M$21.0M50xas long as short
Gate CRV_USDT+0.0100%8h0.3604+0.028%$1.8M$1.3M50xas long as short
MEXC CRV_USDT+0.0100%8h0.3601−0.056%$14.7M$5.3M125xas long as short
KuCoin CRVUSDTM+0.0100%8h0.36030.000%$6.3M$9.2M50xas long as short
Bitget CRVUSDT+0.0100%8h0.3602−0.028%$6.7M$5.6M75xas long as short
BingX CRV-USDC+0.0100%8h0.3604+0.028%$1.6Mas long as short
Variational Omni CRV+0.0100%8h0.3599−0.113%$1.1M$113Kas long as short
edgeX CRVUSDC+0.0100%4h0.3602−0.028%$37K$173K20xas long as short
GRVT CRV_USDT_Perp+0.0100%8h0.3605+0.061%$505K$427K10xas long as short
SunX CRV-USDT+0.0100%8h0.3648+1.249%$1K$1.3M20xas long as short
Extended CRV-USD+0.0104%1h0.3601−0.054%$236K$587K25xas long as short
Aevo CRV-PERP+0.0104%1h0.3601−0.050%$13K$6K3xas long as short
Kraken Futures PF_CRVUSD+0.0293%1h0.3604+0.041%$3.0M$2.8M50xas long as short
Coinbase International CRV-PERP-INTX+0.0376%1h0.3606+0.083%$379K$4.5M50xas long as short
GMX CRV/USD [ETH-USDC]L +0.0452% / S −0.0201%1h0.3601−0.066%$229K100xas long as short