Funding you earn now, next payment 11:00 UTC−0.0112%/8h= −12.2% APRpaid last 24h +0.044%
Price spread now: Backpack against MEXC+0.162%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$270.275% of the position
Funding, last 7 days+0.115%+$11 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.162%, 7d avg +0.078%
=The price spread pays, funding is against you. Backpack is 0.084% dearer against MEXC than usual: you sell high and buy low (spread +0.162% now, against its 7-day average of +0.078%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.115%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CRV_USDT | 0.3584 | 0.0100 | pay 0.0100% / 8h | 5h 08m | $12.6M | $5.3M | 125x |
| Short | Backpack CRV_USDC_PERP | 0.3590 | −0.0012 | pay 0.0001% / 1h | 8m 22s | $93K | $215K | 10x |
MEXC CRV_USDT
Backpack CRV_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- −$23.43
- Price spread: +0.162% → +0.078%
- $8.43
- Slippage, 4 orders
- −$13.48
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$42.47
- Costs to cover
- 0.275%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Backpack: live order book, 38 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 MEXC live order book, 3 min ago | 1.40 bp | 6.0 bp −$6 | 21.6 bp −$216 | 97.2 bp −$9,718 | 141.1 bp −$70.5K |
| Sell Backpack live order book, 38 min ago | 1.13 bp | 6.9 bp −$7 | 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 | −0.0141% | 8h | 0.3579 | −0.151% | $1.1M | $129K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3586 | +0.063% | $15 | — | 15x | as long as short |
| Phoenix CRV | −0.0022% | 1h | 0.3588 | +0.120% | $26K | $171K | 10x | as long as short |
| Backpack CRV_USDC_PERPshort | −0.0012% | 1h | 0.3590 | +0.162% | $93K | $215K | 10x | |
| dYdX CRV-USD | 0.0000% | 1h | 0.3587 | +0.086% | $40K | $13K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3588 | +0.112% | $55K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.400% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3589 | +0.140% | $386K | $615K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3587 | +0.090% | $140K | $129K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3590 | +0.167% | $363K | $190K | 10x | as long as short |
Variational Omni CRV
Reya CRVRUSDPERP
Phoenix CRV
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3586 | +0.066% | $24.9M | $51.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3583 | −0.028% | $26.8M | $18.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3584 | 0.000% | $8.7M | $18.7M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3587 | +0.084% | $1.8M | $1.1M | 50x | as long as short |
| MEXC CRV_USDTlong | +0.0100% | 8h | 0.3584 | long leg | $12.6M | $5.3M | 125x | |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3587 | +0.084% | $6.5M | $8.3M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3587 | +0.084% | $6.7M | $4.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3584 | 0.000% | — | $40.0M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3581 | −0.072% | $37K | $169K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3590 | +0.167% | $510K | $377K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3582 | −0.056% | $52K | $649K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3585 | +0.028% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3662 | +2.176% | $2K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3584 | +0.009% | $255K | $532K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3585 | +0.030% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3586 | +0.056% | $1.3M | $3.5M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0392% | 1h | 0.3591 | +0.195% | $357K | $4.0M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0416% / S −0.0178% | 1h | 0.3586 | +0.045% | $210K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0481% | 1h | 0.3592 | +0.232% | $21.5M | $16.0M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0656% | 1h | 0.3592 | +0.210% | $3.0M | $2.1M | 50x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
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]
Hyperliquid CRV
Kraken Futures PF_CRVUSD