Funding you earn now, next payment 08:00 UTC+0.0258%/8h= +28.3% APRnext payment +$0.32 per $10,000 · paid last 24h −0.051%
Price spread now: GMX against Backpack−0.031%7-day average −0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.031%, 7d avg −0.017%
=The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.004% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 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 | Backpack CRV_USDC_PERP | 0.3546 | −0.0081 | get 0.0010% / 1h | 21m 54s | $92K | $256K | 10x |
| Short | GMX CRV/USD [ETH-USDC] | 0.3545 | L +0.0413% / S −0.0177% | get 0.0022% / 1h | 21m 54s | $207K | — | 100x |
Backpack CRV_USDC_PERP
GMX CRV/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $54.19
- Price spread: −0.031% → −0.017%
- −$1.34
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $30.86
- Costs to cover
- 0.220%
- Break-even
- 3.0 days
Slippage unknown: Backpack: live order book, 16 min ago; GMX: 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 Backpack live order book, 16 min ago | 0.98 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERPlong | −0.0081% | 1h | 0.3546 | long leg | $92K | $256K | 10x | |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3542 | −0.089% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0032% | 1h | 0.3543 | −0.073% | $53K | $46K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3547 | +0.035% | $37K | $8K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3548 | +0.062% | $25K | $187K | 10x | as long as short |
| Variational Omni CRV | +0.0016% | 8h | 0.3541 | −0.120% | $1.1M | $94K | — | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.509% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3543 | −0.079% | $373K | $698K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3548 | +0.065% | $20.7M | $16.7M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3545 | −0.009% | $114K | $193K | 10x | as long as short |
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Phoenix CRV
Variational Omni CRV
Injective CRV/USDC PERP
Lighter CRV
Hyperliquid 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 | 0.3548 | +0.054% | $360K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3544 | −0.045% | $24.4M | $57.7M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3541 | −0.130% | $26.7M | $19.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3546 | +0.011% | $8.6M | $20.3M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3545 | −0.017% | $1.8M | $1.2M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3544 | −0.045% | $12.1M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3545 | −0.017% | $6.5M | $8.4M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3546 | +0.011% | $6.6M | $5.4M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3545 | −0.017% | — | $23.4M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3545 | −0.006% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3547 | +0.042% | $494K | $419K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3547 | +0.039% | $53K | $670K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3543 | −0.073% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3625 | +2.239% | $2K | $1.3M | 20x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3544 | −0.049% | $13K | $6K | 3x | as long as short |
| Extended CRV-USD | +0.0120% | 1h | 0.3542 | −0.100% | $252K | $512K | 25x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3548 | +0.068% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0400% | 1h | 0.3552 | +0.181% | $357K | $4.3M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC]short | L +0.0413% / S −0.0177% | 1h | 0.3545 | −0.031% | $207K | — | 100x | |
| Kraken Futures PF_CRVUSD | +0.0749% | 1h | 0.3548 | +0.058% | $3.0M | $2.8M | 50x | 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-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Aevo CRV-PERP
Extended CRV-USD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD