Funding you earn now, next payment 22:00 UTC−0.1331%/8h= −145.8% APRnext payment −$1.66 per $10,000 · paid last 24h −0.429%
Price spread now: Deribit against Backpack−0.129%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.423%−$142 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Deribit is 0.129% cheaper against Backpack than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CRV_USDC_PERP | 0.3649 | 0.0485 | pay 0.0061% / 1h | 21m 29s | $105K | $362K | 10x |
| Short | Deribit CRV_USDC-PERPETUAL | 0.3644 | −0.0846 | pay 0.0106% / 1h | 21m 29s | $57K | $48K | 25x |
Backpack CRV_USDC_PERP
Deribit CRV_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$279.61
- Price spread: −0.129% → 0.000%
- −$12.88
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$309.49
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.
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, 2 min ago | 0.14 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUALshort | −0.0846% | 1h | 0.3644 | −0.129% | $57K | $48K | 25x | |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | −0.513% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3640 | −0.250% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3647 | −0.035% | $38K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3653 | +0.104% | $26K | $193K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3646 | −0.074% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3644 | −0.118% | $413K | $698K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3645 | −0.111% | $130K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3650 | +0.024% | $375K | $173K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3642 | −0.173% | $25.5M | $58.3M | 75x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3643 | −0.156% | $27.7M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3643 | −0.156% | $8.6M | $22.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3648 | −0.019% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3645 | −0.101% | $14.6M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3650 | +0.036% | $7.1M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3646 | −0.074% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3646 | −0.074% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3659 | +0.292% | $1.1M | $152K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3645 | −0.106% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3650 | +0.032% | $508K | $462K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3646 | −0.074% | $60K | $693K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3689 | +1.105% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3642 | −0.181% | $242K | $885K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3646 | −0.067% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0163% | 1h | 0.3651 | +0.072% | $3.1M | $3.5M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3644 | −0.129% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0308% | 1h | 0.3647 | −0.038% | $22.4M | $17.0M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3667 | +0.502% | $391K | $4.9M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0401% / S −0.0160% | 1h | 0.3647 | −0.034% | $216K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0485% | 1h | 0.3649 | long leg | $105K | $362K | 10x |
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
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]