Funding you earn now, next payment 01:00 UTC+0.0422%/8h= +46.2% APRpaid last 24h +0.062%
Price spread now: Backpack against KuCoin+0.120%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$670.674% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.120%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Backpack is 0.099% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.021%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% 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 | KuCoin CRVUSDTM | 0.3663 | 0.0100 | pay 0.0100% / 8h | 7h 26m | $6.6M | $9.2M | 50x |
| Short | Backpack CRV_USDC_PERP | 0.3667 | 0.0522 | get 0.0065% / 1h | 26m 05s | $99K | $295K | 10x |
KuCoin CRVUSDTM
Backpack CRV_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. 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
- $88.53
- Price spread: +0.120% → +0.021%
- $9.92
- Slippage, 4 orders
- −$45.4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $31.05
- Costs to cover
- 0.674%
- Break-even
- 4.5 days
Slippage from KuCoin: live order book, 2 min ago; Backpack: live order book, 47 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 KuCoin live order book, 2 min ago | 2.73 bp | 15.7 bp −$16 | 100.5 bp −$1,005 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 47 min ago | 0.96 bp | 8.2 bp −$8 | 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 | 0.3655 | −0.221% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3661 | −0.056% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3658 | −0.140% | $38K | $5K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3663 | 0.000% | $56K | $50K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.191% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0088% | 1h | 0.3667 | +0.114% | $3.1M | $2.8M | 50x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3663 | +0.008% | $410K | $726K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3663 | 0.000% | $24K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3663 | +0.006% | $130K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3660 | −0.069% | $373K | $211K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3662 | −0.019% | $25.6M | $56.0M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3661 | −0.055% | $27.8M | $17.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3661 | −0.055% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3664 | +0.027% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3662 | −0.027% | $15.1M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTMlong | +0.0100% | 8h | 0.3663 | long leg | $6.6M | $9.2M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3665 | +0.055% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3663 | 0.000% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3661 | −0.057% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3653 | −0.286% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3651 | −0.334% | $516K | $417K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3654 | −0.246% | $52K | $699K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3705 | +1.147% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3661 | −0.063% | $245K | $934K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3662 | −0.027% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3652 | −0.300% | $1.4M | $4.3M | 75x | as long as short |
| Hyperliquid CRV | +0.0306% | 1h | 0.3668 | +0.137% | $22.7M | $16.6M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3656 | −0.191% | $382K | $4.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0416% / S −0.0174% | 1h | 0.3663 | +0.006% | $218K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPshort | +0.0522% | 1h | 0.3667 | +0.120% | $99K | $295K | 10x |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
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
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]