Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.017%
Price spread now: Injective against Binance+1.399%87s7-day average −0.163% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 3 days (all we have)−1.602%−$160 · spread now +1.399%, 7d avg −0.163%
=The price spread pays, funding is against you. Injective is 1.562% dearer against Binance than usual: you sell high and buy low (spread +1.399% now, against its 7-day average of −0.163%): +$156 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.022% in total) that is about 16 months. The two prices were read 87 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 | Binance CRVUSDT | 0.3619 | 0.0100 | pay 0.0100% / 8h | 6h 47m | $25.1M | $55.7M | 75x |
| Short | Injective CRV/USDC PERP | 0.3670 | 0.0033 | get 0.0004% / 1h | 47m 51s | $79 | $384K | 12x |
Binance CRVUSDT
Injective CRV/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- −$14
- Price spread: +1.399% → −0.163%
- $156.2
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $132.18
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 9 min ago; Injective: 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 Binance live order book, 9 min ago | 1.38 bp | 10.5 bp −$10 | 29.6 bp −$296 | 132.1 bp −$13.2K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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-PERPETUAL | −0.1680% | 1h | 0.3620 | +0.018% | $56K | $50K | 25x | as long as short |
| ApeX Omni CRVUSDT | −0.0212% | 1h | 0.3624 | +0.128% | $52K | $699K | 50x | as long as short |
| Phoenix CRV | −0.0066% | 1h | 0.3639 | +0.548% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3617 | −0.053% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3615 | −0.126% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERPshort | +0.0033% | 1h | 0.3670 | +1.399% | $79 | $384K | 12x | |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3620 | +0.018% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3614 | −0.134% | $379K | $706K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3624 | +0.137% | $129K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3629 | +0.265% | $366K | $209K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
ApeX Omni CRVUSDT
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDTlong | +0.0100% | 8h | 0.3619 | long leg | $25.1M | $55.7M | 75x | |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3616 | −0.093% | $27.5M | $17.8M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3618 | −0.038% | $8.7M | $21.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3622 | +0.073% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3622 | +0.073% | $14.8M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3624 | +0.128% | $6.4M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3623 | +0.101% | $6.8M | $5.5M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3620 | +0.018% | — | $23.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3624 | +0.123% | $97K | $299K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3624 | +0.126% | $1.1M | $114K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3613 | −0.176% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3619 | 0.000% | $508K | $419K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3669 | +1.371% | $2K | $1.3M | 20x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3625 | +0.159% | $22.3M | $16.7M | 10x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3620 | +0.020% | $237K | $667K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3619 | −0.009% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3634 | +0.404% | $1.4M | $4.1M | 75x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0292% | 1h | 0.3625 | +0.147% | $3.1M | $2.8M | 50x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3628 | +0.239% | $380K | $4.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0415% / S −0.0174% | 1h | 0.3620 | +0.026% | $215K | — | 100x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Hyperliquid CRV
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Kraken Futures PF_CRVUSD
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]