Funding you earn now, next payment 01:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h −0.066%
Price spread now: Orderly against Hyperliquid−0.176%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Orderly is 0.176% cheaper against Hyperliquid than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CRV | 0.3693 | 0.0317 | pay 0.0040% / 1h | 9m 48s | $22.9M | $16.5M | 10x |
| Short | Orderly PERP_CRV_USDC | 0.3686 | 0.0096 | get 0.0096% / 8h | 7h 09m | $25K | $929 | 10x |
Hyperliquid CRV
Orderly PERP_CRV_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Hyperliquid. 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
- −$46.32
- Price spread: −0.176% → 0.000%
- −$17.6
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$78.92
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Orderly: 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 Hyperliquid live order book, 3 min ago | 0.95 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0087% | 1h | 0.3678 | −0.387% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3684 | −0.232% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3685 | −0.192% | $38K | $5K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | −0.609% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0088% | 1h | 0.3685 | −0.207% | $3.1M | $2.8M | 50x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3687 | −0.144% | $412K | $727K | 10x | as long as short |
| Orderly PERP_CRV_USDCshort | +0.0096% | 8h | 0.3686 | −0.176% | $25K | $929 | 10x | |
| Aster CRVUSDT | +0.0100% | 8h | 0.3687 | −0.160% | $131K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3684 | −0.232% | $375K | $211K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3686 | −0.178% | $25.8M | $55.8M | 75x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Injective CRV/USDC PERP
Kraken Futures PF_CRVUSD
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 | 0.3683 | −0.257% | $28.1M | $17.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3687 | −0.149% | $8.9M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3684 | −0.230% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3685 | −0.203% | $15.2M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3686 | −0.176% | $6.6M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3688 | −0.122% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3686 | −0.176% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3672 | −0.558% | $1.1M | $114K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3676 | −0.453% | $38K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3683 | −0.259% | $520K | $407K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3676 | −0.447% | $53K | $699K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3722 | +0.799% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3685 | −0.198% | $246K | $850K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3685 | −0.207% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3672 | −0.555% | $1.4M | $4.3M | 75x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0294% | 1h | 0.3680 | −0.339% | $56K | $50K | 25x | as long as short |
| Hyperliquid CRVlong | +0.0317% | 1h | 0.3693 | long leg | $22.9M | $16.5M | 10x | |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3690 | −0.068% | $385K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0418% / S −0.0174% | 1h | 0.3686 | −0.164% | $219K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0545% | 1h | 0.3688 | −0.119% | $99K | $295K | 10x | as long as short |
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
BloFin CRV-USDT
Deribit CRV_USDC-PERPETUAL
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP