Funding you earn now, next payment 04:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h −0.019%
Price spread now: BloFin against Backpack−0.158%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$550.546% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.158%, 7d avg −0.078%
=Funding pays, the price is against you. BloFin is 0.079% cheaper against Backpack than usual: you would sell low and buy high (spread −0.158% now, against its 7-day average of −0.078%). If the spread goes back, that is −$8 on $10k: about 21 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.121% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% 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 | Backpack CRV_USDC_PERP | 0.3618 | −0.0084 | get 0.0011% / 1h | 40m 40s | $99K | $296K | 10x |
| Short | BloFin CRV-USDT | 0.3612 | 0.0220 | get 0.0220% / 8h | 4h 40m | $1.4M | $4.0M | 75x |
Backpack CRV_USDC_PERP
BloFin CRV-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. 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
- $63.91
- Price spread: −0.158% → −0.078%
- −$7.94
- Slippage, 4 orders
- −$32.63
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $1.33
- Costs to cover
- 0.546%
- Break-even
- 6.9 days
Slippage from Backpack: live order book, 18 min ago; BloFin: live order book, 3 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 Backpack live order book, 18 min ago | 1.38 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 6.92 bp | 20.5 bp −$20 | 34.6 bp −$346 | 150.0 bp −$15.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERPlong | −0.0084% | 1h | 0.3618 | long leg | $99K | $296K | 10x | |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3611 | −0.175% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3623 | +0.151% | $37K | $7K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3607 | −0.287% | $26K | $168K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0027% | 1h | 0.3615 | −0.075% | $55K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.446% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3621 | +0.102% | $383K | $704K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0097% | 8h | 0.3615 | −0.075% | $24K | $902 | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3628 | +0.276% | $22.0M | $15.0M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3622 | +0.118% | $129K | $179K | 10x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRV
Orderly PERP_CRV_USDC
Hyperliquid 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 | 0.3623 | +0.154% | $368K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3623 | +0.148% | $25.0M | $53.9M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3619 | +0.036% | $27.4M | $17.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3619 | +0.036% | $8.7M | $20.3M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3622 | +0.119% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3622 | +0.119% | $14.0M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3622 | +0.119% | $6.2M | $8.7M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3623 | +0.147% | $6.8M | $5.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3620 | +0.064% | — | $23.5M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3608 | −0.273% | $1.1M | $102K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3609 | −0.236% | $37K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3610 | −0.216% | $509K | $433K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3606 | −0.323% | $52K | $684K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3661 | +1.197% | $2K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3618 | +0.010% | $236K | $476K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3613 | −0.126% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDTshort | +0.0220% | 8h | 0.3612 | −0.158% | $1.4M | $4.0M | 75x | |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3616 | −0.047% | $377K | $4.0M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0416% / S −0.0177% | 1h | 0.3610 | −0.205% | $211K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0699% | 1h | 0.3619 | +0.024% | $3.1M | $2.5M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD