Funding you earn now, next payment 22:00 UTC−0.0199%/8h= −21.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.009%
Price spread now: Injective against Lighter−0.760%96s7-day average −0.216% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.760%, 7d avg −0.216%
=Together, before fees+0.015%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 0.544% cheaper against Lighter than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of −0.216%). Swap the legs. The two prices were read 96 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 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. 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 | Lighter CRV | 0.3658 | 0.0096 | pay 0.0012% / 1h | 31m 31s | $415K | $695K | 10x |
| Short | Injective CRV/USDC PERP | 0.3630 | −0.0103 | pay 0.0013% / 1h | 31m 31s | $78 | $265K | 12x |
Lighter CRV
Injective CRV/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Lighter. 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
- −$41.75
- Price spread: −0.760% → −0.216%
- −$54.41
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$96.18
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 53 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 Lighter live order book, 53 min ago | 2.88 bp | 8.6 bp −$9 | 23.9 bp −$239 | doesn't fit | 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 | −0.0298% | 1h | 0.3650 | −0.213% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERPshort | −0.0103% | 1h | 0.3630 | −0.760% | $78 | $265K | 12x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3659 | +0.043% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3657 | −0.013% | $38K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3640 | −0.492% | $26K | $193K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3650 | −0.213% | $24K | $701 | 10x | as long as short |
| Lighter CRVlong | +0.0096% | 1h | 0.3658 | long leg | $415K | $695K | 10x | |
| Aster CRVUSDT | +0.0100% | 8h | 0.3657 | −0.028% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3658 | +0.005% | $370K | $166K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3661 | +0.082% | $25.6M | $58.3M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Orderly PERP_CRV_USDC
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 | 0.3661 | +0.087% | $27.8M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3661 | +0.087% | $8.7M | $22.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3661 | +0.087% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3657 | −0.022% | $14.5M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3660 | +0.060% | $7.1M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3662 | +0.115% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3659 | +0.033% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3631 | −0.722% | $1.1M | $151K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3638 | −0.538% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3640 | −0.496% | $513K | $462K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3641 | −0.459% | $60K | $695K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3688 | +0.826% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3659 | +0.022% | $242K | $885K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3650 | −0.224% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0163% | 1h | 0.3652 | −0.150% | $3.1M | $3.5M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3638 | −0.541% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0340% | 1h | 0.3660 | +0.060% | $22.5M | $17.0M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3642 | −0.432% | $389K | $4.9M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0402% / S −0.0160% | 1h | 0.3652 | −0.170% | $217K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0492% | 1h | 0.3656 | −0.060% | $105K | $362K | 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
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP