Funding you earn now, next payment 23:00 UTC+0.0328%/8h= +36.0% APRpaid last 24h +0.012%
Price spread now: Binance against Injective−0.272%77s7-day average +0.172% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 3 days (all we have)+0.584%+$58 · spread now −0.272%, 7d avg +0.172%
=Funding pays, the price is against you. Binance is 0.445% cheaper against Injective than usual: you would sell low and buy high (spread −0.272% now, against its 7-day average of +0.172%). If the spread goes back, that is −$44 on $10k: about 4.5 days of funding at the current rate (+$10 a day). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.1% 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 | Injective CRV/USDC PERP | 0.3670 | −0.0228 | get 0.0029% / 1h | 12m 01s | $79 | $384K | 12x |
| Short | Binance CRVUSDT | 0.3660 | 0.0100 | get 0.0100% / 8h | 1h 12m | $25.7M | $56.4M | 75x |
Injective CRV/USDC PERP
Binance CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- $68.95
- Price spread: −0.272% → +0.172%
- −$44.46
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $14.48
- Costs to cover
- 0.100%
- Break-even
- 5.5 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 15 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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 15 min ago | 1.36 bp | 11.0 bp −$11 | 18.7 bp −$187 | 88.7 bp −$8,865 | doesn't fit |
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 | 0.3663 | −0.191% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERPlong | −0.0228% | 1h | 0.3670 | long leg | $79 | $384K | 12x | |
| Phoenix CRV | −0.0176% | 1h | 0.3659 | −0.311% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3662 | −0.218% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3666 | −0.109% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3666 | −0.107% | $3.1M | $3.0M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3663 | −0.191% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3662 | −0.213% | $414K | $707K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3664 | −0.159% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3666 | −0.096% | $369K | $206K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Kraken Futures PF_CRVUSD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDTshort | +0.0100% | 8h | 0.3660 | −0.272% | $25.7M | $56.4M | 75x | |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3660 | −0.272% | $27.8M | $17.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3659 | −0.300% | $8.7M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3665 | −0.136% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3660 | −0.272% | $14.5M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3665 | −0.136% | $7.2M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3662 | −0.218% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3661 | −0.245% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3655 | −0.408% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3654 | −0.424% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3660 | −0.273% | $518K | $435K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3658 | −0.327% | $60K | $694K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3690 | +0.545% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3661 | −0.238% | $243K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3663 | −0.191% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3660 | −0.272% | $1.4M | $4.2M | 75x | as long as short |
| Hyperliquid CRV | +0.0371% | 1h | 0.3665 | −0.123% | $22.8M | $16.4M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3665 | −0.136% | $386K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3664 | −0.151% | $217K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0484% | 1h | 0.3667 | −0.084% | $108K | $369K | 10x | as long as short |
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
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP