Settings8H · net · $10k
Funding arb · Price arb /

CRV

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0004%/8hpaid last 24h −0.001%
Price spread now: Lighter against KuCoin−0.045%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$630.631% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 on $10k
Price spread, last 3 days (all we have)+0.228%+$23 · spread now −0.045%, 7d avg +0.001%
Together, before fees+0.156%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.046% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CRVUSDTM0.35680.0100pay 0.0100% / 8h4h 22m$6.9M$8.7M50x
ShortLighter CRV0.35660.0096get 0.0012% / 1h22m 43s$411K$684K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.84
Price spread: −0.045% → +0.001%
−$4.62
Slippage, 4 orders
−$51.14
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$68.6
Costs to cover
0.631%
Break-even
never at this rate
Slippage from KuCoin: live order book, 10 min ago; Lighter: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 10 min ago1.40 bp29.8 bp −$30132.7 bp −$1,327doesn't fitdoesn't fit
Sell Lighter live order book, 6 min ago3.52 bp7.6 bp −$843.0 bp −$430doesn't fitdoesn't fit

CRV on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit CRV_USDC-PERPETUAL−0.0311%1h0.3563−0.140%$57K$50K25xas long as short
Phoenix CRV−0.0203%1h0.3563−0.140%$25K$169K10xas long as short
Reya CRVRUSDPERP−0.0049%1h0.3562−0.155%$1515xas long as short
Coinbase International CRV-PERP-INTX−0.0032%1h0.3571+0.084%$413K$4.4M50xas long as short
Injective CRV/USDC PERP−0.0031%1h0.3530−1.065%$76$151K12xas long as short
dYdX CRV-USD0.0000%1h0.3565−0.070%$37K$3K10xas long as short
Backpack CRV_USDC_PERP+0.0085%1h0.3567−0.017%$102K$367K10xas long as short
Lighter CRVshort+0.0096%1h0.3566−0.045%$411K$684K10x
Orderly PERP_CRV_USDC+0.0097%8h0.3565−0.084%$23K$65210xas long as short
Aster CRVUSDT+0.0100%8h0.3566−0.043%$134K$181K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CRV+0.0100%1h0.3565−0.074%$362K$141K10xas long as short
Binance CRVUSDT+0.0100%8h0.3563−0.151%$24.7M$55.9M75xas long as short
Bybit CRVUSDT+0.0100%8h0.3564−0.112%$27.0M$16.4M75xas long as short
OKX CRV-USDT-SWAP+0.0100%8h0.3564−0.112%$8.6M$20.8M50xas long as short
Gate CRV_USDT+0.0100%8h0.3567−0.028%$1.9M$1.3M50xas long as short
MEXC CRV_USDT+0.0100%8h0.3564−0.112%$14.2M$5.5M125xas long as short
KuCoin CRVUSDTMlong+0.0100%8h0.3568long leg$6.9M$8.7M50x
Bitget CRVUSDT+0.0100%8h0.3566−0.056%$6.8M$5.7M75xas long as short
BingX CRV-USDC+0.0100%8h0.3564−0.112%$1.6Mas long as short
Variational Omni CRV+0.0100%8h0.3563−0.127%$1.1M$150Kas long as short
edgeX CRVUSDC+0.0100%4h0.3568+0.014%$37K$171K20xas long as short
GRVT CRV_USDT_Perp+0.0100%8h0.3570+0.058%$507K$447K10xas long as short
ApeX Omni CRVUSDT+0.0100%1h0.3569+0.028%$47K$687K50xas long as short
SunX CRV-USDT+0.0100%8h0.3640+2.018%$2K$1.3M20xas long as short
Extended CRV-USD+0.0104%1h0.3564−0.118%$282K$828K25xas long as short
Aevo CRV-PERP+0.0104%1h0.3565−0.091%$18K$9K3xas long as short
GMX CRV/USD [ETH-USDC]L +0.0183% / S +0.0259%1h0.3565−0.083%$243K100xas long as short
BloFin CRV-USDT+0.0220%8h0.3563−0.140%$1.4M$4.2M75xas long as short
Kraken Futures PF_CRVUSD+0.0399%1h0.3569+0.029%$3.0M$3.7M50xas long as short
Hyperliquid CRV+0.0660%1h0.3573+0.151%$21.1M$15.3M10xas long as short