Funding you earn now, next payment 01:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.065%
Price spread now: Binance against Hyperliquid−0.195%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$500.496% of the position
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now −0.195%, 7d avg −0.134%
=Together, before fees−0.060%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.061% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.134%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CRV | 0.3688 | 0.0314 | pay 0.0039% / 1h | 8m 29s | $22.9M | $16.5M | 10x |
| Short | Binance CRVUSDT | 0.3681 | 0.0100 | get 0.0100% / 8h | 7h 08m | $25.7M | $55.8M | 75x |
Hyperliquid CRV
Binance CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- −$44.93
- Price spread: −0.195% → −0.134%
- −$6.12
- Slippage, 4 orders
- −$30.58
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$100.63
- Costs to cover
- 0.496%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Binance: live order book, 4 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 Hyperliquid live order book, 5 min ago | 0.95 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.36 bp | 12.1 bp −$12 | 28.1 bp −$281 | 99.2 bp −$9,916 | 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 | 0.3676 | −0.342% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3681 | −0.197% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3682 | −0.171% | $38K | $5K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | −0.493% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0088% | 1h | 0.3688 | +0.003% | $3.1M | $2.8M | 50x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3681 | −0.182% | $411K | $727K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3688 | −0.005% | $25K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3686 | −0.056% | $131K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3681 | −0.195% | $375K | $211K | 10x | as long as short |
| Binance CRVUSDTshort | +0.0100% | 8h | 0.3681 | −0.195% | $25.7M | $55.8M | 75x |
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Injective CRV/USDC PERP
Kraken Futures PF_CRVUSD
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3682 | −0.168% | $28.1M | $17.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3681 | −0.195% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3680 | −0.222% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3680 | −0.222% | $15.2M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3681 | −0.195% | $6.6M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3683 | −0.141% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3678 | −0.277% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3672 | −0.442% | $1.1M | $114K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3673 | −0.405% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3683 | −0.143% | $520K | $407K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3675 | −0.358% | $53K | $697K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3721 | +0.889% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3678 | −0.272% | $247K | $850K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3687 | −0.043% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3689 | +0.022% | $1.4M | $4.3M | 75x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0293% | 1h | 0.3686 | −0.060% | $57K | $50K | 25x | as long as short |
| Hyperliquid CRVlong | +0.0314% | 1h | 0.3688 | long leg | $22.9M | $16.5M | 10x | |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3695 | +0.184% | $386K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0418% / S −0.0174% | 1h | 0.3688 | −0.014% | $219K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0549% | 1h | 0.3688 | +0.005% | $99K | $295K | 10x | as long as short |
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
BloFin CRV-USDT
Deribit CRV_USDC-PERPETUAL
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP