Settings8H · net · $10k
Funding arb · Price arb /

CRV

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0352%/8h= +38.6% APRpaid last 24h +0.068%
Price spread now: Hyperliquid against Gate+0.122%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$840.835% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.171%+$17 on $10k
Price spread, last 7 days−0.024%−$2 · spread now +0.122%, 7d avg +0.107%
Together, before fees+0.147%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.107%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.171% in total (about 8.9% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CRV_USDT0.36880.0100pay 0.0100% / 8h1h 38m$2.0M$1.3M50x
ShortHyperliquid CRV0.36930.0452get 0.0057% / 1h38m 22s$22.9M$16.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$74.02
Price spread: +0.122% → +0.107%
$1.5
Slippage, 4 orders
−$59.5
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$7.97
Costs to cover
0.835%
Break-even
7.8 days
Slippage from Gate: live order book, 4 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago4.07 bp28.3 bp −$28140.7 bp −$1,407doesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago1.22 bp10.2 bp −$10doesn't fitdoesn't fitdoesn't fit

CRV on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit CRV_USDC-PERPETUAL−0.0293%1h0.3682−0.163%$57K$48K25xas long as short
Injective CRV/USDC PERP−0.0228%1h0.3620−1.844%$78$318K12xas long as short
Phoenix CRV−0.0176%1h0.3688−0.003%$26K$181K10xas long as short
Reya CRVRUSDPERP−0.0049%1h0.3685−0.079%$1615xas long as short
dYdX CRV-USD0.0000%1h0.3689+0.020%$38K$4K10xas long as short
Kraken Futures PF_CRVUSD+0.0027%1h0.3689+0.017%$3.1M$3.2M50xas long as short
Orderly PERP_CRV_USDC+0.0095%8h0.3686−0.054%$25K$1K10xas long as short
Lighter CRV+0.0096%1h0.3688+0.011%$417K$702K10xas long as short
Aster CRVUSDT+0.0100%8h0.3688−0.004%$132K$186K10xas long as short
Pacifica CRV+0.0100%1h0.3688+0.011%$381K$189K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CRVUSDT+0.0100%8h0.3687−0.027%$25.9M$57.1M75xas long as short
Bybit CRVUSDT+0.0100%8h0.3687−0.027%$28.0M$17.1M75xas long as short
OKX CRV-USDT-SWAP+0.0100%8h0.3684−0.108%$8.8M$22.3M50xas long as short
Gate CRV_USDTlong+0.0100%8h0.3688long leg$2.0M$1.3M50x
MEXC CRV_USDT+0.0100%8h0.3686−0.054%$14.8M$5.5M125xas long as short
KuCoin CRVUSDTM+0.0100%8h0.3689+0.027%$7.2M$9.1M50xas long as short
Bitget CRVUSDT+0.0100%8h0.3684−0.108%$7.0M$5.6M75xas long as short
BingX CRV-USDC+0.0100%8h0.36880.000%$1.7Mas long as short
Variational Omni CRV+0.0100%8h0.3688+0.002%$1.1M$138Kas long as short
edgeX CRVUSDC+0.0100%4h0.3684−0.118%$38K$172K20xas long as short
GRVT CRV_USDT_Perp+0.0100%8h0.3684−0.121%$513K$437K10xas long as short
ApeX Omni CRVUSDT+0.0100%1h0.3684−0.108%$61K$694K50xas long as short
SunX CRV-USDT+0.0100%8h0.3719+0.841%$2K$1.3M20xas long as short
Extended CRV-USD+0.0104%1h0.3681−0.201%$245K$883K25xas long as short
Aevo CRV-PERP+0.0104%1h0.3682−0.163%$19K$9K3xas long as short
BloFin CRV-USDT+0.0220%8h0.3682−0.163%$1.4M$4.5M75xas long as short
Coinbase International CRV-PERP-INTX+0.0376%1h0.3690+0.054%$387K$4.8M50xas long as short
GMX CRV/USD [ETH-USDC]L +0.0403% / S −0.0160%1h0.3689+0.024%$219K100xas long as short
Backpack CRV_USDC_PERP+0.0447%1h0.3685−0.068%$108K$362K10xas long as short
Hyperliquid CRVshort+0.0452%1h0.3693+0.122%$22.9M$16.6M10x