Funding you earn now, next payment 12:00 UTC+0.0289%/8h= +31.6% APRpaid last 24h +0.073%
Price spread now: Hyperliquid against Binance+0.196%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$460.464% of the position
Funding, last 7 days+0.184%+$18 on $10k
+Price spread, last 7 days−0.136%−$14 · spread now +0.196%, 7d avg +0.136%
=Together, before fees+0.048%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.060% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.136%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.184% in total (about 9.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CRVUSDT | 0.3552 | 0.0100 | pay 0.0100% / 8h | 4h 51m | $24.6M | $51.3M | 75x |
| Short | Hyperliquid CRV | 0.3558 | 0.0389 | get 0.0049% / 1h | 51m 29s | $21.3M | $15.8M | 10x |
Binance CRVUSDT
Hyperliquid CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $60.62
- Price spread: +0.196% → +0.136%
- $5.97
- Slippage, 4 orders
- −$27.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $20.23
- Costs to cover
- 0.464%
- Break-even
- 4.7 days
Slippage from Binance: live order book, 14 min ago; Hyperliquid: live order book, 5 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 Binance live order book, 14 min ago | 1.39 bp | 12.8 bp −$13 | 28.3 bp −$283 | 125.7 bp −$12.6K | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.70 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
CRV on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CRV | −0.0135% | 8h | 0.3563 | +0.310% | $1.1M | $102K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3550 | −0.056% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0031% | 1h | 0.3558 | +0.182% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3556 | +0.112% | $40K | $13K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3564 | +0.351% | $25K | $163K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.335% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3554 | +0.078% | $385K | $578K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3556 | +0.137% | $138K | $131K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3556 | +0.123% | $359K | $189K | 10x | as long as short |
| Binance CRVUSDTlong | +0.0100% | 8h | 0.3552 | long leg | $24.6M | $51.3M | 75x |
Variational Omni CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Phoenix CRV
Injective CRV/USDC PERP
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3549 | −0.072% | $26.6M | $18.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3549 | −0.072% | $8.6M | $18.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3554 | +0.069% | $1.8M | $1.1M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3552 | +0.013% | $12.4M | $5.1M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3556 | +0.125% | $6.5M | $8.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3554 | +0.069% | $6.7M | $4.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3553 | +0.041% | — | $40.0M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3561 | +0.272% | $92K | $214K | 10x | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3568 | +0.469% | $37K | $170K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3576 | +0.700% | $508K | $377K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3572 | +0.576% | $51K | $645K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3559 | +0.210% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3631 | +2.237% | $2K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3550 | −0.035% | $253K | $529K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3558 | +0.195% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3558 | +0.182% | $1.3M | $3.4M | 75x | as long as short |
| Hyperliquid CRVshort | +0.0389% | 1h | 0.3558 | +0.196% | $21.3M | $15.8M | 10x | |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0178% | 1h | 0.3560 | +0.229% | $209K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0416% | 1h | 0.3566 | +0.407% | $355K | $3.9M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0694% | 1h | 0.3565 | +0.367% | $3.0M | $2.1M | 50x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Backpack CRV_USDC_PERP
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD