Funding you earn now, next payment 22:00 UTC+0.1608%/8h= +176.1% APRnext payment +$2.01 per $10,000 · paid last 24h +0.429%
Price spread now: Backpack against Deribit+0.322%50s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.423%+$142 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Backpack is 0.322% dearer against Deribit than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 | Deribit CRV_USDC-PERPETUAL | 0.3637 | −0.1123 | get 0.0140% / 1h | 21m 17s | $57K | $48K | 25x |
| Short | Backpack CRV_USDC_PERP | 0.3649 | 0.0485 | get 0.0061% / 1h | 21m 17s | $105K | $362K | 10x |
Deribit CRV_USDC-PERPETUAL
Backpack CRV_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Deribit. 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
- $337.78
- Price spread: +0.322% → 0.000%
- $32.17
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $352.95
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 2 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.14 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
Deribit: 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-PERPETUALlong | −0.1123% | 1h | 0.3637 | long leg | $57K | $48K | 25x | |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | −0.192% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3640 | +0.071% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3647 | +0.287% | $38K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3653 | +0.426% | $26K | $193K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3639 | +0.055% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3644 | +0.203% | $413K | $698K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3644 | +0.205% | $130K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3650 | +0.346% | $375K | $173K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3639 | +0.066% | $25.5M | $58.3M | 75x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Orderly PERP_CRV_USDC
Lighter CRV
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 | 0.3638 | +0.027% | $27.7M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3637 | 0.000% | $8.6M | $22.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3644 | +0.192% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3640 | +0.082% | $14.5M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3646 | +0.247% | $7.0M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3640 | +0.082% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3642 | +0.137% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3659 | +0.615% | $1.1M | $152K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3645 | +0.216% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3650 | +0.354% | $508K | $462K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3646 | +0.247% | $60K | $693K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3688 | +1.402% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3637 | −0.012% | $242K | $886K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3640 | +0.070% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0163% | 1h | 0.3643 | +0.178% | $3.1M | $3.5M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3644 | +0.192% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0308% | 1h | 0.3647 | +0.283% | $22.4M | $17.0M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3650 | +0.357% | $389K | $4.9M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0401% / S −0.0160% | 1h | 0.3644 | +0.187% | $216K | — | 100x | as long as short |
| Backpack CRV_USDC_PERPshort | +0.0485% | 1h | 0.3649 | +0.322% | $105K | $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
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]