Funding you earn now, next payment 02:00 UTC−0.0140%/8h= −15.4% APRnext payment −$0.18 per $10,000 · paid last 24h −0.055%
Price spread now: ApeX Omni against Backpack+0.648%84s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.485% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.608%+$61 · spread now +0.648%, 7d avg −0.017%
=The price spread pays, funding is against you. ApeX Omni is 0.664% dearer against Backpack than usual: you sell high and buy low (spread +0.648% now, against its 7-day average of −0.017%): +$66 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.044% in total) that is about 3 months. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CRV_USDC_PERP | 0.3613 | 0.0098 | pay 0.0012% / 1h | 45m 56s | $97K | $299K | 10x |
| Short | ApeX Omni CRVUSDT | 0.3636 | −0.0042 | pay 0.0005% / 1h | 45m 56s | $52K | $700K | 50x |
Backpack CRV_USDC_PERP
ApeX Omni CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Backpack. 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
- −$29.49
- Price spread: +0.648% → −0.017%
- $66.44
- Slippage, 4 orders
- −$28.51
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$11.56
- Costs to cover
- 0.485%
- Break-even
- from the start
Slippage from Backpack: live order book, 22 min ago; ApeX Omni: live order book, 23 min ago.
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 Backpack live order book, 22 min ago | 0.41 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 23 min ago | 6.78 bp | 16.9 bp −$17 | 98.2 bp −$982 | doesn't fit | doesn't fit |
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 | −0.1688% | 1h | 0.3605 | −0.210% | $55K | $50K | 25x | as long as short |
| Phoenix CRV | −0.0066% | 1h | 0.3639 | +0.736% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3609 | −0.101% | $15 | — | 15x | as long as short |
| ApeX Omni CRVUSDTshort | −0.0042% | 1h | 0.3636 | +0.648% | $52K | $700K | 50x | |
| dYdX CRV-USD | 0.0000% | 1h | 0.3616 | +0.100% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.589% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3611 | −0.044% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3611 | −0.050% | $379K | $706K | 10x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0098% | 1h | 0.3613 | long leg | $97K | $299K | 10x | |
| Aster CRVUSDT | +0.0100% | 8h | 0.3614 | +0.033% | $128K | $182K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3614 | +0.025% | $365K | $209K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3607 | −0.155% | $25.0M | $55.8M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3606 | −0.183% | $27.4M | $17.9M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3607 | −0.155% | $8.7M | $21.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3611 | −0.044% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3607 | −0.155% | $14.7M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3610 | −0.072% | $6.4M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3609 | −0.100% | $6.8M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3610 | −0.072% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3607 | −0.157% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3632 | +0.545% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3631 | +0.512% | $509K | $419K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3652 | +1.091% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3607 | −0.167% | $238K | $653K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3612 | −0.027% | $13K | $6K | 3x | as long as short |
| Hyperliquid CRV | +0.0113% | 1h | 0.3616 | +0.094% | $22.2M | $16.7M | 10x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3634 | +0.592% | $1.4M | $4.1M | 75x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0293% | 1h | 0.3615 | +0.066% | $3.0M | $2.8M | 50x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3616 | +0.094% | $379K | $4.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0450% / S −0.0199% | 1h | 0.3610 | −0.066% | $230K | — | 100x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Hyperliquid CRV
BloFin CRV-USDT
Kraken Futures PF_CRVUSD
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]