Funding you earn now, next payment 02:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.055%
Price spread now: MEXC against Backpack−0.089%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.089%, 7d avg −0.086%
=The price spread sits at its 7-day average of −0.086%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CRV_USDC_PERP | 0.3605 | 0.0067 | pay 0.0008% / 1h | 44m 39s | $97K | $299K | 10x |
| Short | MEXC CRV_USDT | 0.3602 | 0.0100 | get 0.0100% / 8h | 6h 44m | $14.7M | $5.2M | 125x |
Backpack CRV_USDC_PERP
MEXC CRV_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $6.93
- Price spread: −0.089% → −0.086%
- −$0.32
- Slippage, 4 orders
- −$17.99
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$25.37
- Costs to cover
- 0.320%
- Break-even
- 32.6 days
Slippage from Backpack: live order book, 24 min ago; MEXC: live order book, 9 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, 24 min ago | 0.41 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 9 min ago | 1.38 bp | 8.2 bp −$8 | 42.1 bp −$421 | 112.8 bp −$11.3K | 145.4 bp −$72.7K |
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 | −0.0582% | 1h | 0.3601 | −0.116% | $55K | $50K | 25x | as long as short |
| ApeX Omni CRVUSDT | −0.0134% | 1h | 0.3617 | +0.327% | $52K | $700K | 50x | as long as short |
| Phoenix CRV | −0.0066% | 1h | 0.3639 | +0.943% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3603 | −0.062% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3603 | −0.067% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.797% | $79 | $384K | 12x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0067% | 1h | 0.3605 | long leg | $97K | $299K | 10x | |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3605 | −0.006% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3605 | −0.014% | $378K | $706K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3606 | +0.015% | $128K | $182K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
ApeX Omni CRVUSDT
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 | 0.3606 | +0.013% | $364K | $209K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3602 | −0.086% | $25.0M | $55.8M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3599 | −0.172% | $27.4M | $17.9M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3602 | −0.089% | $8.7M | $21.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3606 | +0.022% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDTshort | +0.0100% | 8h | 0.3602 | −0.089% | $14.7M | $5.2M | 125x | |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3607 | +0.050% | $6.3M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3608 | +0.078% | $6.8M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3606 | +0.022% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3607 | +0.048% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3616 | +0.298% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3631 | +0.718% | $509K | $419K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3644 | +1.076% | $1K | $1.3M | 20x | as long as short |
| Hyperliquid CRV | +0.0103% | 1h | 0.3611 | +0.172% | $22.2M | $16.8M | 10x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3604 | −0.045% | $236K | $653K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3604 | −0.047% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3634 | +0.799% | $1.4M | $4.1M | 75x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0293% | 1h | 0.3606 | +0.032% | $3.0M | $2.8M | 50x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3604 | −0.033% | $377K | $4.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0450% / S −0.0199% | 1h | 0.3605 | +0.002% | $230K | — | 100x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Hyperliquid CRV
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Kraken Futures PF_CRVUSD
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]