Funding you earn now, next payment 00:00 UTC+0.0809%/8h= +88.6% APRnext payment +$1.01 per $10,000 · paid last 24h +0.423%
Price spread now: Backpack against Deribit+0.131%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.439%+$144 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Backpack is 0.131% dearer against Deribit than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit CRV_USDC-PERPETUAL | 0.3658 | −0.0296 | get 0.0037% / 1h | 9m 28s | $57K | $50K | 25x |
| Short | Backpack CRV_USDC_PERP | 0.3663 | 0.0513 | get 0.0064% / 1h | 9m 28s | $107K | $291K | 10x |
Deribit CRV_USDC-PERPETUAL
Backpack CRV_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Deribit. 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
- $169.95
- Price spread: +0.131% → 0.000%
- $13.12
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $166.08
- Costs to cover
- 0.170%
- Break-even
- 0.2 days
Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 4 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 4 min ago | 0.96 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
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-PERPETUALlong | −0.0296% | 1h | 0.3658 | long leg | $57K | $50K | 25x | |
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | +0.328% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0108% | 1h | 0.3658 | +0.005% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3657 | −0.028% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3659 | +0.024% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3659 | +0.027% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3657 | −0.016% | $414K | $737K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3657 | −0.020% | $130K | $184K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3657 | −0.026% | $369K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3658 | 0.000% | $25.6M | $56.2M | 75x | as long as short |
Injective CRV/USDC PERP
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 CRVUSDT | +0.0100% | 8h | 0.3659 | +0.027% | $27.8M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3658 | 0.000% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3658 | 0.000% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3658 | 0.000% | $14.5M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3661 | +0.082% | $7.3M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3660 | +0.055% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3659 | +0.027% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3652 | −0.165% | $1.1M | $111K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3660 | +0.053% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3655 | −0.093% | $511K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3659 | +0.027% | $60K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3679 | +0.574% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3654 | −0.115% | $243K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3659 | +0.027% | $19K | $9K | 3x | as long as short |
| Hyperliquid CRV | +0.0148% | 1h | 0.3663 | +0.139% | $22.7M | $16.4M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0156% | 1h | 0.3662 | +0.103% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3657 | −0.027% | $1.4M | $4.4M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3665 | +0.191% | $385K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0173% | 1h | 0.3660 | +0.058% | $220K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPshort | +0.0513% | 1h | 0.3663 | +0.131% | $107K | $291K | 10x |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
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]