Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Bybit+3.409%98s7-day average −0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−3.577%−$358 · spread now +3.409%, 7d avg −0.006%
=The price spread pays, funding is against you. Injective is 3.416% dearer against Bybit than usual: you sell high and buy low (spread +3.409% now, against its 7-day average of −0.006%): +$342 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months. The two prices were read 98 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 | Bybit CRVUSDT | 0.3549 | 0.0100 | pay 0.0100% / 8h | 19m 39s | $26.7M | $19.7M | 75x |
| Short | Injective CRV/USDC PERP | 0.3670 | 0.0033 | get 0.0004% / 1h | 19m 39s | $79 | $384K | 12x |
Bybit CRVUSDT
Injective CRV/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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: +3.409% → −0.006%
- $341.56
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $316.54
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 1.41 bp | 13.0 bp −$13 | 28.8 bp −$288 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0081% | 1h | 0.3551 | +0.062% | $93K | $256K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3545 | −0.101% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0032% | 1h | 0.3547 | −0.056% | $53K | $46K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3551 | +0.044% | $37K | $8K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3548 | −0.031% | $25K | $187K | 10x | as long as short |
| Variational Omni CRV | +0.0013% | 8h | 0.3539 | −0.285% | $1.1M | $94K | — | as long as short |
| Injective CRV/USDC PERPshort | +0.0033% | 1h | 0.3670 | +3.409% | $79 | $384K | 12x | |
| Lighter CRV | +0.0096% | 1h | 0.3550 | +0.020% | $374K | $698K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3554 | +0.132% | $20.8M | $16.7M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3551 | +0.050% | $114K | $193K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
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 | 0.3550 | +0.035% | $358K | $200K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3550 | +0.028% | $24.5M | $57.7M | 75x | as long as short |
| Bybit CRVUSDTlong | +0.0100% | 8h | 0.3549 | long leg | $26.7M | $19.7M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3553 | +0.113% | $8.6M | $20.3M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3553 | +0.113% | $1.8M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3552 | +0.085% | $12.2M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3552 | +0.085% | $6.7M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3554 | +0.141% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3553 | +0.113% | — | $1.7M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3541 | −0.226% | $36K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3547 | −0.054% | $494K | $419K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3543 | −0.169% | $52K | $670K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3547 | −0.056% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3628 | +2.226% | $2K | $1.3M | 20x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3547 | −0.045% | $13K | $6K | 3x | as long as short |
| Extended CRV-USD | +0.0128% | 1h | 0.3552 | +0.093% | $252K | $512K | 25x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3545 | −0.113% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0400% | 1h | 0.3552 | +0.085% | $357K | $4.3M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0413% / S −0.0177% | 1h | 0.3549 | −0.003% | $207K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0748% | 1h | 0.3551 | +0.051% | $3.0M | $2.8M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Aevo CRV-PERP
Extended CRV-USD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD