Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.055%
Price spread now: Bybit against Backpack−0.354%55s7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.484% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)+0.972%+$97 · spread now −0.354%, 7d avg −0.104%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.250% cheaper against Backpack than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.104%. The two prices were read 55 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 | Backpack CRV_USDC_PERP | 0.3646 | 0.0100 | pay 0.0013% / 1h | 39m 17s | $100K | $296K | 10x |
| Short | Bybit CRVUSDT | 0.3633 | 0.0100 | get 0.0100% / 8h | 5h 39m | $27.5M | $17.6M | 75x |
Backpack CRV_USDC_PERP
Bybit CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.354% → −0.104%
- −$25.01
- Slippage, 4 orders
- −$27.44
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$73.45
- Costs to cover
- 0.484%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 24 min ago; Bybit: live order book, 4 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, 24 min ago | 0.14 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.37 bp | 14.8 bp −$15 | 32.0 bp −$320 | 179.7 bp −$18.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0065% | 1h | 0.3647 | +0.027% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3637 | −0.254% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0025% | 1h | 0.3635 | −0.299% | $55K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3638 | −0.208% | $37K | $7K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.661% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3636 | −0.272% | $24K | $902 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3635 | −0.310% | $383K | $705K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3642 | −0.101% | $22.0M | $15.1M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3642 | −0.112% | $130K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3639 | −0.185% | $369K | $198K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid CRV
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 | 0.3636 | −0.272% | $25.1M | $54.2M | 75x | as long as short |
| Bybit CRVUSDTshort | +0.0100% | 8h | 0.3633 | −0.354% | $27.5M | $17.6M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3634 | −0.326% | $8.8M | $20.3M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3638 | −0.217% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3637 | −0.244% | $14.6M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3637 | −0.244% | $6.3M | $8.8M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3638 | −0.217% | $6.8M | $5.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3637 | −0.244% | — | $23.6M | — | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0100% | 1h | 0.3646 | long leg | $100K | $296K | 10x | |
| Variational Omni CRV | +0.0100% | 8h | 0.3640 | −0.168% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3644 | −0.062% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3657 | +0.317% | $516K | $429K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3651 | +0.140% | $53K | $688K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3673 | +0.743% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3634 | −0.326% | $238K | $480K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3636 | −0.282% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3634 | −0.326% | $1.4M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0344% | 1h | 0.3654 | +0.222% | $382K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0373% | 1h | 0.3640 | −0.171% | $3.1M | $2.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0435% / S −0.0189% | 1h | 0.3636 | −0.273% | $220K | — | 100x | as long as short |
Binance 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
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD
GMX CRV/USD [ETH-USDC]