Funding you earn now, next payment 01:00 UTC−0.0400%/8h= −43.8% APRpaid last 24h −0.062%
Price spread now: SunX against Backpack+1.094%7-day average +0.319% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)−1.065%−$106 · spread now +1.094%, 7d avg +0.319%
=The price spread pays, funding is against you. SunX is 0.775% dearer against Backpack than usual: you sell high and buy low (spread +1.094% now, against its 7-day average of +0.319%): +$78 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 7 days (−0.016% in total) that is about 11 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.9% 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 | 0.3655 | 0.0500 | pay 0.0062% / 1h | 33m 34s | $99K | $295K | 10x |
| Short | SunX CRV-USDT | 0.3695 | 0.0100 | get 0.0100% / 8h | 7h 33m | $1K | $1.3M | 20x |
Backpack CRV_USDC_PERP
SunX CRV-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$83.95
- Price spread: +1.094% → +0.319%
- $77.5
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$24.45
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, 40 min ago; SunX: live order book, 10 min ago. 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, 40 min ago | 0.96 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 10 min ago | 400.00 bp | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0087% | 1h | 0.3638 | −0.471% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3653 | −0.063% | $16 | — | 15x | as long as short |
| ApeX Omni CRVUSDT | −0.0003% | 1h | 0.3644 | −0.301% | $52K | $699K | 50x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3650 | −0.123% | $38K | $5K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3654 | −0.027% | $56K | $50K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.410% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0088% | 1h | 0.3658 | +0.071% | $3.1M | $2.8M | 50x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3652 | −0.088% | $409K | $726K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3654 | −0.027% | $24K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3650 | −0.126% | $130K | $182K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
ApeX Omni CRVUSDT
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Kraken Futures PF_CRVUSD
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3651 | −0.123% | $372K | $211K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3651 | −0.112% | $25.5M | $56.1M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3651 | −0.109% | $27.7M | $17.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3651 | −0.109% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3652 | −0.082% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3650 | −0.137% | $15.0M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3650 | −0.137% | $6.6M | $9.3M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3653 | −0.055% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3652 | −0.082% | — | $23.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3647 | −0.221% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3647 | −0.213% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3648 | −0.201% | $510K | $405K | 10x | as long as short |
| SunX CRV-USDTshort | +0.0100% | 8h | 0.3695 | +1.094% | $1K | $1.3M | 20x | |
| Extended CRV-USD | +0.0104% | 1h | 0.3650 | −0.130% | $246K | $950K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3654 | −0.014% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3642 | −0.356% | $1.4M | $4.4M | 75x | as long as short |
| Hyperliquid CRV | +0.0312% | 1h | 0.3653 | −0.044% | $22.7M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3660 | +0.137% | $383K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0447% / S −0.0196% | 1h | 0.3654 | −0.022% | $232K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0500% | 1h | 0.3655 | long leg | $99K | $295K | 10x |
Pacifica CRV
Binance CRVUSDT
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
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]