Funding you earn now, next payment 00:00 UTC−0.0390%/8h= −42.7% APRpaid last 24h −0.027%
Price spread now: BloFin against Backpack+0.104%66s7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as 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−$480.479% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 3 days (all we have)−0.123%−$12 · spread now +0.104%, 7d avg −0.068%
=The price spread pays, funding is against you. BloFin is 0.172% dearer against Backpack than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of −0.068%): +$17 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 35 hours. Mind the row above: over the last 7 days funding on this pair paid +0.148%, so the current rate has only just turned against you. The two prices were read 66 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 0.148% in total (about 7.7% 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 | Backpack CRV_USDC_PERP | 0.3654 | 0.0610 | pay 0.0076% / 1h | 25m 40s | $106K | $305K | 10x |
| Short | BloFin CRV-USDT | 0.3658 | 0.0220 | get 0.0220% / 8h | 25m 40s | $1.4M | $4.4M | 75x |
Backpack CRV_USDC_PERP
BloFin CRV-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$81.91
- Price spread: +0.104% → −0.068%
- $17.2
- Slippage, 4 orders
- −$25.89
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$112.59
- Costs to cover
- 0.479%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 53 min ago; BloFin: live order book, 3 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, 53 min ago | 0.14 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 2.73 bp | 18.6 bp −$19 | 36.3 bp −$363 | 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 | −0.0571% | 1h | 0.3650 | −0.115% | $56K | $49K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | +0.432% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0108% | 1h | 0.3665 | +0.293% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3655 | +0.024% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3653 | −0.045% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3652 | −0.060% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3648 | −0.161% | $413K | $736K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3654 | +0.001% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3649 | −0.151% | $368K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3647 | −0.185% | $25.6M | $56.4M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
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 | 0.3648 | −0.170% | $27.7M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3645 | −0.252% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3652 | −0.060% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3649 | −0.142% | $14.4M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3654 | −0.005% | $7.3M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3653 | −0.033% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3650 | −0.115% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3658 | +0.106% | $1.1M | $110K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3665 | +0.291% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3670 | +0.432% | $519K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3667 | +0.350% | $60K | $698K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3666 | +0.323% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3648 | −0.173% | $243K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3652 | −0.053% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0157% | 1h | 0.3655 | +0.032% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDTshort | +0.0220% | 8h | 0.3658 | +0.104% | $1.4M | $4.4M | 75x | |
| Hyperliquid CRV | +0.0226% | 1h | 0.3653 | −0.022% | $22.7M | $16.6M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3654 | −0.005% | $382K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0437% / S −0.0185% | 1h | 0.3653 | −0.033% | $229K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0610% | 1h | 0.3654 | long leg | $106K | $305K | 10x |
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
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]