Funding you earn now, next payment 06:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h +0.056%
Price spread now: Backpack against Extended−0.063%7-day average +0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.063%, 7d avg +0.111%
=Together, before fees+0.011%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Backpack is 0.174% cheaper against Extended than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.111%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CRV-USD | 0.3587 | 0.0104 | pay 0.0013% / 1h | 14m 32s | $253K | $494K | 25x |
| Short | Backpack CRV_USDC_PERP | 0.3585 | −0.0032 | pay 0.0004% / 1h | 14m 32s | $94K | $261K | 10x |
Extended CRV-USD
Backpack CRV_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- −$28.58
- Price spread: −0.063% → +0.111%
- −$17.41
- Slippage, 4 orders
- −$26.78
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$87.77
- Costs to cover
- 0.418%
- Break-even
- never at this rate
Slippage from Extended: live order book, 33 min ago; Backpack: live order book, 34 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 Extended live order book, 33 min ago | 4.87 bp | 14.3 bp −$14 | 1240.8 bp −$12.4K | doesn't fit | doesn't fit |
| Sell Backpack live order book, 34 min ago | 1.25 bp | 8.1 bp −$8 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3588 | +0.039% | $15 | — | 15x | as long as short |
| Backpack CRV_USDC_PERPshort | −0.0032% | 1h | 0.3585 | −0.063% | $94K | $261K | 10x | |
| dYdX CRV-USD | 0.0000% | 1h | 0.3583 | −0.105% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3580 | −0.197% | $54K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.313% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | +0.0045% | 1h | 0.3574 | −0.358% | $25K | $177K | 10x | as long as short |
| Variational Omni CRV | +0.0075% | 8h | 0.3576 | −0.311% | $1.1M | $95K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3583 | −0.113% | $381K | $705K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3580 | −0.197% | $24K | $902 | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3590 | +0.096% | $21.1M | $16.5M | 10x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Variational Omni CRV
Lighter CRV
Orderly PERP_CRV_USDC
Hyperliquid CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CRVUSDT | +0.0100% | 8h | 0.3586 | −0.037% | $113K | $193K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3584 | −0.081% | $364K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3586 | −0.029% | $24.7M | $56.8M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3587 | −0.001% | $27.1M | $19.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3591 | +0.110% | $8.7M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3583 | −0.113% | $1.9M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3585 | −0.057% | $12.8M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3583 | −0.113% | $5.9M | $8.3M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3591 | +0.110% | $6.7M | $5.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3585 | −0.057% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3587 | −0.006% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3590 | +0.082% | $508K | $445K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3586 | −0.029% | $53K | $682K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3664 | +2.145% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USDlong | +0.0104% | 1h | 0.3587 | long leg | $253K | $494K | 25x | |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3581 | −0.166% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3579 | −0.224% | $1.3M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3580 | −0.195% | $209K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3583 | −0.113% | $380K | $4.3M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0679% | 1h | 0.3585 | −0.070% | $3.0M | $2.7M | 50x | as long as short |
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD