Funding you earn now, next payment 06:00 UTC+0.0228%/8h= +24.9% APRpaid last 24h −0.057%
Price spread now: KuCoin against Backpack−0.076%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$730.729% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.076%, 7d avg −0.019%
=Funding pays, the price is against you. KuCoin is 0.057% cheaper against Backpack than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.019%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.8% 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 | 0.3549 | −0.0128 | get 0.0016% / 1h | 27m 57s | $93K | $261K | 10x |
| Short | KuCoin CRVUSDTM | 0.3546 | 0.0100 | get 0.0100% / 8h | 2h 27m | $5.9M | $8.3M | 50x |
Backpack CRV_USDC_PERP
KuCoin CRVUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $47.78
- Price spread: −0.076% → −0.019%
- −$5.67
- Slippage, 4 orders
- −$50.92
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$30.81
- Costs to cover
- 0.729%
- Break-even
- 11.5 days
Slippage from Backpack: live order book, 20 min ago; KuCoin: live order book, 5 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, 20 min ago | 1.25 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.82 bp | 38.0 bp −$38 | 118.0 bp −$1,180 | 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 | −0.0314% | 1h | 0.3547 | −0.048% | $54K | $45K | 25x | as long as short |
| Backpack CRV_USDC_PERPlong | −0.0128% | 1h | 0.3549 | long leg | $93K | $261K | 10x | |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3546 | −0.084% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3542 | −0.192% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.418% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | +0.0045% | 1h | 0.3558 | +0.265% | $25K | $177K | 10x | as long as short |
| Variational Omni CRV | +0.0085% | 8h | 0.3546 | −0.077% | $1.1M | $94K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3546 | −0.076% | $376K | $702K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3550 | +0.028% | $20.6M | $16.2M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3547 | −0.048% | $111K | $193K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Reya CRVRUSDPERP
dYdX CRV-USD
Injective CRV/USDC PERP
Phoenix CRV
Variational Omni CRV
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 | 0.3543 | −0.174% | $359K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3546 | −0.076% | $24.4M | $56.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3543 | −0.161% | $26.7M | $19.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3546 | −0.076% | $8.7M | $20.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3547 | −0.048% | $1.8M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3547 | −0.048% | $12.6M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTMshort | +0.0100% | 8h | 0.3546 | −0.076% | $5.9M | $8.3M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3548 | −0.020% | $6.6M | $5.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3545 | −0.104% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3550 | +0.033% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3555 | +0.184% | $499K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3553 | +0.121% | $53K | $682K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3546 | −0.076% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3620 | +2.009% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3545 | −0.111% | $252K | $494K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3547 | −0.054% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3546 | −0.076% | $1.3M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0413% / S −0.0177% | 1h | 0.3547 | −0.055% | $207K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3545 | −0.104% | $352K | $4.2M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0685% | 1h | 0.3550 | +0.044% | $3.0M | $2.6M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
Bitget CRVUSDT
BingX CRV-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD