Funding you earn now, next payment 22:00 UTC−0.0146%/8h= −16.0% APRnext payment −$0.18 per $10,000 · paid last 24h −0.001%
Price spread now: Hyperliquid against Backpack+0.116%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$420.421% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)+0.642%+$64 · spread now +0.116%, 7d avg +0.114%
=Together, before fees+0.748%+ Points / potential airdropHyperliquid: Season 2 · farm board+$75 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.114%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.106%, 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 | Backpack CRV_USDC_PERP | 0.3625 | 0.0408 | pay 0.0051% / 1h | 43m 30s | $104K | $362K | 10x |
| Short | Hyperliquid CRV | 0.3629 | 0.0262 | get 0.0033% / 1h | 43m 30s | $22.3M | $17.0M | 10x |
Backpack CRV_USDC_PERP
Hyperliquid CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$30.69
- Price spread: +0.116% → +0.114%
- $0.17
- Slippage, 4 orders
- −$23.06
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$72.58
- Costs to cover
- 0.421%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 45 min ago; Hyperliquid: live order book, 10 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, 45 min ago | 0.14 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.69 bp | 15.2 bp −$15 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0578% | 1h | 0.3620 | −0.141% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | +0.135% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3622 | −0.089% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3626 | +0.030% | $37K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3609 | −0.441% | $26K | $193K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3625 | −0.008% | $412K | $695K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3621 | −0.113% | $24K | $701 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3623 | −0.066% | $129K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3625 | +0.011% | $367K | $166K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3626 | +0.021% | $25.4M | $58.5M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Lighter CRV
Orderly PERP_CRV_USDC
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 | 0.3626 | +0.025% | $27.6M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3626 | +0.025% | $8.6M | $22.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3627 | +0.052% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3626 | +0.025% | $14.4M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3629 | +0.108% | $7.0M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3628 | +0.080% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3627 | +0.052% | — | $1.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3620 | −0.154% | $1.1M | $151K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3616 | −0.256% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3612 | −0.352% | $509K | $462K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3619 | −0.168% | $60K | $695K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3654 | +0.797% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3626 | +0.027% | $240K | $886K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3621 | −0.118% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0164% | 1h | 0.3624 | −0.030% | $3.1M | $3.6M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3612 | −0.361% | $1.4M | $4.7M | 75x | as long as short |
| Hyperliquid CRVshort | +0.0262% | 1h | 0.3629 | +0.116% | $22.3M | $17.0M | 10x | |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3625 | −0.003% | $388K | $4.8M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0400% / S −0.0160% | 1h | 0.3621 | −0.100% | $215K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPlong | +0.0408% | 1h | 0.3625 | long leg | $104K | $362K | 10x |
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
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]