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

CRV

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.070%
Price spread now: Hyperliquid against Lighter+0.104%7-day average +0.135% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.230%+$23 on $10k
Price spread, last 4 days (all we have)+0.113%+$11 · spread now +0.104%, 7d avg +0.135%
Together, before fees+0.343%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$34 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 0.032% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.135%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CRV0.35750.0096pay 0.0012% / 1h42m 37s$380K$695K10x
ShortHyperliquid CRV0.35790.0100get 0.0013% / 1h42m 37s$21.1M$15.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Lighter. 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
$0.84
Price spread: +0.104% → +0.135%
−$3.17
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$11.33
Costs to cover
0.090%
Break-even
101.4 days
Slippage unknown: Lighter: live order book, 2 min ago; Hyperliquid: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 2 min ago3.49 bp4.6 bp −$528.8 bp −$288doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago0.14 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

CRV on 30 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
Reya CRVRUSDPERP−0.0048%1h0.3550−0.693%$1515xas long as short
Deribit CRV_USDC-PERPETUAL−0.0029%1h0.3579+0.117%$54K$46K25xas long as short
Backpack CRV_USDC_PERP−0.0004%1h0.3580+0.151%$94K$259K10xas long as short
dYdX CRV-USD0.0000%1h0.3576+0.038%$37K$8K10xas long as short
Injective CRV/USDC PERP+0.0033%1h0.3670+2.663%$79$384K12xas long as short
Phoenix CRV+0.0045%1h0.3587+0.352%$26K$177K10xas long as short
Lighter CRVlong+0.0096%1h0.3575long leg$380K$695K10x
Variational Omni CRV+0.0098%8h0.3582+0.198%$1.1M$94Kas long as short
Hyperliquid CRVshort+0.0100%1h0.3579+0.104%$21.1M$15.8M10x
Aster CRVUSDT+0.0100%8h0.3551−0.672%$126K$193K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CRV+0.0100%1h0.3574−0.025%$363K$198K10xas long as short
Binance CRVUSDT+0.0100%8h0.3551−0.662%$24.5M$55.9M75xas long as short
Bybit CRVUSDT+0.0100%8h0.3548−0.750%$26.7M$18.7M75xas long as short
OKX CRV-USDT-SWAP+0.0100%8h0.3550−0.694%$8.7M$19.7M50xas long as short
Gate CRV_USDT+0.0100%8h0.3575+0.006%$1.8M$1.4M50xas long as short
MEXC CRV_USDT+0.0100%8h0.3575+0.006%$12.9M$5.6M125xas long as short
KuCoin CRVUSDTM+0.0100%8h0.3574−0.022%$6.0M$8.4M50xas long as short
Bitget CRVUSDT+0.0100%8h0.3553−0.610%$6.6M$5.3M75xas long as short
BingX CRV-USDT+0.0100%8h0.3573−0.050%$23.5Mas long as short
edgeX CRVUSDC+0.0100%4h0.3587+0.342%$37K$174K20xas long as short
GRVT CRV_USDT_Perp+0.0100%8h0.3590+0.425%$504K$443K10xas long as short
ApeX Omni CRVUSDT+0.0100%1h0.3590+0.425%$54K$683K50xas long as short
Orderly PERP_CRV_USDC+0.0100%8h0.3579+0.117%$24K$90210xas long as short
SunX CRV-USDT+0.0100%8h0.3644+1.936%$1K$1.3M20xas long as short
Extended CRV-USD+0.0104%1h0.3573−0.061%$253K$497K25xas long as short
Aevo CRV-PERP+0.0104%1h0.3577+0.062%$13K$6K3xas long as short
BloFin CRV-USDT+0.0220%8h0.3578+0.090%$1.4M$3.9M75xas long as short
GMX CRV/USD [ETH-USDC]L +0.0415% / S −0.0177%1h0.3578+0.100%$209K100xas long as short
Coinbase International CRV-PERP-INTX+0.0432%1h0.3593+0.509%$357K$4.1M50xas long as short
Kraken Futures PF_CRVUSD+0.0679%1h0.3582+0.198%$3.0M$2.6M50xas long as short