Funding you earn now, next payment 22:00 UTC−0.0203%/8h= −22.2% APRnext payment −$0.25 per $10,000 · paid last 24h −0.010%
Price spread now: Injective against Pacifica+0.329%7-day average −0.232% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 3 days (all we have)−0.932%−$93 · spread now +0.329%, 7d avg −0.232%
=Together, before fees−1.019%+ Points / potential airdropPacifica: Active · farm board−$102 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.560% dearer against Pacifica than usual: you sell high and buy low (spread +0.329% now, against its 7-day average of −0.232%): +$56 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9.2 days. At the pace of the last 7 days (−0.087% in total) that is about 45 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% 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 | Pacifica CRV | 0.3618 | 0.0100 | pay 0.0013% / 1h | 52m 14s | $367K | $156K | 10x |
| Short | Injective CRV/USDC PERP | 0.3630 | −0.0103 | pay 0.0013% / 1h | 52m 14s | $78 | $265K | 12x |
Pacifica CRV
Injective CRV/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Pacifica. 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
- −$42.59
- Price spread: +0.329% → −0.232%
- $56.02
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $5.42
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Pacifica: live order book, 36 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 Pacifica live order book, 36 min ago | 15.06 bp | 21.0 bp −$21 | doesn't fit | 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 | −0.0579% | 1h | 0.3614 | −0.114% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERPshort | −0.0103% | 1h | 0.3630 | +0.329% | $78 | $265K | 12x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3614 | −0.111% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3618 | −0.017% | $37K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3631 | +0.353% | $26K | $193K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3613 | −0.141% | $410K | $693K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3615 | −0.086% | $24K | $701 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3614 | −0.123% | $129K | $186K | 10x | as long as short |
| Pacifica CRVlong | +0.0100% | 1h | 0.3618 | long leg | $367K | $156K | 10x | |
| Binance CRVUSDT | +0.0100% | 8h | 0.3612 | −0.160% | $25.3M | $58.4M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3613 | −0.141% | $27.5M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3612 | −0.169% | $8.6M | $22.3M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3616 | −0.058% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3613 | −0.141% | $14.4M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3617 | −0.031% | $7.0M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3615 | −0.086% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3614 | −0.114% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3633 | +0.425% | $1.1M | $151K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3632 | +0.371% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3637 | +0.534% | $513K | $474K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3640 | +0.605% | $60K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3642 | +0.660% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3613 | −0.137% | $240K | $885K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3615 | −0.086% | $19K | $9K | 3x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0154% / S +0.0236% | 1h | 0.3616 | −0.060% | $259K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0164% | 1h | 0.3617 | −0.018% | $3.1M | $3.6M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3619 | +0.025% | $1.4M | $4.7M | 75x | as long as short |
| Hyperliquid CRV | +0.0258% | 1h | 0.3618 | −0.003% | $22.2M | $16.9M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3619 | +0.025% | $382K | $4.8M | 50x | as long as short |
| Backpack CRV_USDC_PERP | +0.0496% | 1h | 0.3618 | −0.003% | $104K | $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
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
Backpack CRV_USDC_PERP