Funding you earn now, next payment 00:00 UTC−0.0246%/8h= −27.0% APRpaid last 24h −0.015%
Price spread now: Injective against Bybit+0.082%7-day average −0.151% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 3 days (all we have)−0.292%−$29 · spread now +0.082%, 7d avg −0.151%
=The price spread pays, funding is against you. Injective is 0.233% dearer against Bybit than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.151%): +$23 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% 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 | Bybit CRVUSDT | 0.3667 | 0.0100 | pay 0.0100% / 8h | 4m 52s | $27.8M | $17.3M | 75x |
| Short | Injective CRV/USDC PERP | 0.3670 | −0.0146 | pay 0.0018% / 1h | 4m 52s | $79 | $384K | 12x |
Bybit CRVUSDT
Injective CRV/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$51.76
- Price spread: +0.082% → −0.151%
- $23.28
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$39.5
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 min ago; Injective: 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, 4 min ago | 1.37 bp | 11.6 bp −$12 | 27.7 bp −$277 | 262.5 bp −$26.2K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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-PERPETUAL | −0.0296% | 1h | 0.3661 | −0.164% | $56K | $50K | 25x | as long as short |
| Injective CRV/USDC PERPshort | −0.0146% | 1h | 0.3670 | +0.082% | $79 | $384K | 12x | |
| Phoenix CRV | −0.0108% | 1h | 0.3658 | −0.240% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3659 | −0.218% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3663 | −0.118% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3660 | −0.191% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3661 | −0.150% | $415K | $737K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3666 | −0.018% | $130K | $184K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3660 | −0.178% | $369K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3668 | +0.027% | $25.7M | $56.2M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDTlong | +0.0100% | 8h | 0.3667 | long leg | $27.8M | $17.3M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3668 | +0.027% | $8.8M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3668 | +0.027% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3667 | 0.000% | $14.5M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3670 | +0.082% | $7.4M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3669 | +0.055% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3669 | +0.055% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3655 | −0.327% | $1.1M | $111K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3656 | −0.293% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3660 | −0.191% | $512K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3656 | −0.300% | $60K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3681 | +0.382% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3667 | −0.006% | $243K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3661 | −0.150% | $19K | $9K | 3x | as long as short |
| Hyperliquid CRV | +0.0130% | 1h | 0.3667 | −0.008% | $22.8M | $16.4M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0156% | 1h | 0.3664 | −0.070% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3661 | −0.164% | $1.4M | $4.4M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3666 | −0.027% | $386K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0173% | 1h | 0.3662 | −0.148% | $220K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0522% | 1h | 0.3666 | −0.035% | $107K | $291K | 10x | as long as short |
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
Hyperliquid CRV
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP