Funding you earn now, next payment 23:00 UTC+0.0298%/8h= +32.7% APRpaid last 24h +0.068%
Price spread now: Hyperliquid against edgeX−0.320%7-day average +0.201% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.320%, 7d avg +0.201%
=Together, before fees+0.231%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.521% cheaper against edgeX than usual: you would sell low and buy high (spread −0.320% now, against its 7-day average of +0.201%). If the spread goes back, that is −$52 on $10k: about 5.8 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.093% in total) that is about 39 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.093% 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 | edgeX CRVUSDC | 0.3679 | 0.0100 | pay 0.0050% / 4h | 1h 30m | $38K | $173K | 20x |
| Short | Hyperliquid CRV | 0.3667 | 0.0398 | get 0.0050% / 1h | 30m 56s | $22.7M | $16.7M | 10x |
edgeX CRVUSDC
Hyperliquid CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against edgeX. 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
- $62.67
- Price spread: −0.320% → +0.201%
- −$52.13
- Slippage, 4 orders
- −$55.83
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$63.28
- Costs to cover
- 0.738%
- Break-even
- 14.1 days
Slippage from edgeX: live order book, 51 min ago; Hyperliquid: live order book, 12 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 edgeX live order book, 51 min ago | 20.62 bp | 25.1 bp −$25 | 65.8 bp −$658 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 1.22 bp | 10.2 bp −$10 | 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 | −0.0295% | 1h | 0.3666 | −0.342% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0228% | 1h | 0.3670 | −0.233% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0176% | 1h | 0.3676 | −0.076% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3668 | −0.287% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3671 | −0.213% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3672 | −0.183% | $3.1M | $3.1M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3668 | −0.288% | $24K | $930 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3667 | −0.312% | $414K | $703K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3661 | −0.466% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3671 | −0.199% | $379K | $189K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Kraken Futures PF_CRVUSD
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 CRVUSDT | +0.0100% | 8h | 0.3657 | −0.581% | $25.7M | $57.0M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3659 | −0.533% | $27.8M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3654 | −0.668% | $8.7M | $22.1M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3661 | −0.478% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3657 | −0.587% | $14.6M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3661 | −0.478% | $7.2M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3660 | −0.505% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3658 | −0.560% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3676 | −0.068% | $1.1M | $138K | — | as long as short |
| edgeX CRVUSDClong | +0.0100% | 4h | 0.3679 | long leg | $38K | $173K | 20x | |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3684 | +0.154% | $513K | $437K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3681 | +0.066% | $61K | $694K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3698 | +0.528% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3657 | −0.590% | $243K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3667 | −0.315% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3657 | −0.587% | $1.4M | $4.4M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3687 | +0.229% | $388K | $4.8M | 50x | as long as short |
| Hyperliquid CRVshort | +0.0398% | 1h | 0.3667 | −0.320% | $22.7M | $16.7M | 10x | |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3671 | −0.208% | $218K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0414% | 1h | 0.3667 | −0.307% | $107K | $362K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP