Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.088%
Price spread now: Hyperliquid against Injective−2.450%93s7-day average +0.203% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 4 days (all we have)+2.856%+$286 · spread now −2.450%, 7d avg +0.203%
=Together, before fees+3.054%+ Points / potential airdropHyperliquid: Season 2 · farm board+$305 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 2.653% cheaper against Injective than usual: you would sell low and buy high (spread −2.450% now, against its 7-day average of +0.203%). If the spread goes back, that is −$265 on $10k: about 4 months of funding at the current rate (+$2 a day). The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CRV/USDC PERP | 0.3670 | 0.0033 | pay 0.0004% / 1h | 51m 40s | $79 | $384K | 12x |
| Short | Hyperliquid CRV | 0.3580 | 0.0100 | get 0.0013% / 1h | 51m 40s | $21.0M | $16.7M | 10x |
Injective CRV/USDC PERP
Hyperliquid CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $14
- Price spread: −2.450% → +0.203%
- −$265.25
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$260.27
- Costs to cover
- 0.090%
- Break-even
- 137.1 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 11 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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 11 min ago | 1.40 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3579 | −2.468% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0029% | 1h | 0.3579 | −2.480% | $53K | $46K | 25x | as long as short |
| Phoenix CRV | −0.0022% | 1h | 0.3572 | −2.676% | $25K | $190K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3582 | −2.402% | $37K | $8K | 10x | as long as short |
| Variational Omni CRV | +0.0004% | 8h | 0.3575 | −2.591% | $1.1M | $94K | — | as long as short |
| Bybit CRVUSDT | +0.0012% | 8h | 0.3575 | −2.589% | $26.9M | $19.7M | 75x | as long as short |
| Injective CRV/USDC PERPlong | +0.0033% | 1h | 0.3670 | long leg | $79 | $384K | 12x | |
| Lighter CRV | +0.0096% | 1h | 0.3577 | −2.526% | $376K | $680K | 10x | as long as short |
| Hyperliquid CRVshort | +0.0100% | 1h | 0.3580 | −2.450% | $21.0M | $16.7M | 10x | |
| Aster CRVUSDT | +0.0100% | 8h | 0.3579 | −2.467% | $115K | $193K | 10x | as long as short |
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
dYdX CRV-USD
Variational Omni CRV
Bybit CRVUSDT
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 | 0.3577 | −2.536% | $361K | $200K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3578 | −2.507% | $24.6M | $57.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3578 | −2.507% | $8.7M | $20.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3582 | −2.398% | $1.8M | $1.2M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3578 | −2.507% | $12.4M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3583 | −2.371% | $6.8M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3580 | −2.452% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3580 | −2.452% | — | $23.5M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3579 | −2.466% | $93K | $256K | 10x | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3572 | −2.677% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3569 | −2.760% | $497K | $407K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3570 | −2.725% | $52K | $668K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3579 | −2.480% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3669 | −0.027% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3579 | −2.491% | $251K | $512K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3577 | −2.529% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3585 | −2.316% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0408% | 1h | 0.3591 | −2.153% | $360K | $4.4M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0415% / S −0.0177% | 1h | 0.3579 | −2.489% | $209K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0668% | 1h | 0.3579 | −2.478% | $3.0M | $2.8M | 50x | as long as short |
Pacifica CRV
Binance 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
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD