Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.054%
Price spread now: Extended against Backpack−0.064%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.656%+$66 · spread now −0.064%, 7d avg −0.113%
=Together, before fees+0.604%+ Points / potential airdropExtended: Active · farm board+$60 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: Extended is 0.049% dearer against Backpack than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.113%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CRV_USDC_PERP | 0.3658 | 0.0100 | pay 0.0013% / 1h | 35m 53s | $101K | $296K | 10x |
| Short | Extended CRV-USD | 0.3655 | 0.0104 | get 0.0013% / 1h | 35m 53s | $238K | $477K | 25x |
Backpack CRV_USDC_PERP
Extended CRV-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.064% → −0.113%
- $4.91
- Slippage, 4 orders
- −$31.91
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$41.17
- Costs to cover
- 0.469%
- Break-even
- 350.0 days
Slippage from Backpack: live order book, 27 min ago; Extended: live order book, 27 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, 27 min ago | 0.14 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 27 min ago | 5.60 bp | 13.0 bp −$13 | doesn't fit | doesn't fit | 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 | 0.3638 | −0.539% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3644 | −0.362% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3648 | −0.269% | $38K | $7K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3654 | −0.098% | $55K | $49K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.339% | $79 | $384K | 12x | as long as short |
| ApeX Omni CRVUSDT | +0.0074% | 1h | 0.3641 | −0.454% | $52K | $688K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3653 | −0.126% | $24K | $902 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3655 | −0.077% | $385K | $705K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3659 | +0.044% | $22.1M | $15.1M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3656 | −0.049% | $130K | $180K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
Lighter CRV
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 | 0.3645 | −0.335% | $370K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3655 | −0.070% | $25.2M | $54.0M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3652 | −0.153% | $27.7M | $17.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3654 | −0.098% | $8.8M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3653 | −0.126% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3656 | −0.044% | $14.6M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3654 | −0.098% | $6.3M | $8.8M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3657 | −0.016% | $6.8M | $5.2M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3655 | −0.071% | — | $1.7M | — | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0100% | 1h | 0.3658 | long leg | $101K | $296K | 10x | |
| Variational Omni CRV | +0.0100% | 8h | 0.3650 | −0.214% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3644 | −0.382% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3640 | −0.479% | $513K | $429K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3679 | +0.585% | $2K | $1.2M | 20x | as long as short |
| Extended CRV-USDshort | +0.0104% | 1h | 0.3655 | −0.064% | $238K | $477K | 25x | |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3653 | −0.119% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3642 | −0.427% | $1.4M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0344% | 1h | 0.3653 | −0.126% | $383K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0371% | 1h | 0.3657 | −0.007% | $3.1M | $2.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0435% / S −0.0190% | 1h | 0.3652 | −0.165% | $220K | — | 100x | 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-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD
GMX CRV/USD [ETH-USDC]