Funding you earn now, next payment 22:00 UTC+0.0203%/8h= +22.2% APRpaid last 24h +0.010%
Price spread now: Bybit against Injective−0.110%108s7-day average +0.144% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 3 days (all we have)+0.692%+$69 · spread now −0.110%, 7d avg +0.144%
=Funding pays, the price is against you. Bybit is 0.254% cheaper against Injective than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of +0.144%). If the spread goes back, that is −$25 on $10k: about 4.2 days of funding at the current rate (+$6 a day). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% 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 | Injective CRV/USDC PERP | 0.3630 | −0.0103 | get 0.0013% / 1h | 9m 30s | $78 | $265K | 12x |
| Short | Bybit CRVUSDT | 0.3626 | 0.0100 | get 0.0100% / 8h | 2h 09m | $27.6M | $17.3M | 75x |
Injective CRV/USDC PERP
Bybit CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- $42.59
- Price spread: −0.110% → +0.144%
- −$25.42
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $6.15
- Costs to cover
- 0.110%
- Break-even
- 6.0 days
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 9 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 9 min ago | 1.38 bp | 12.7 bp −$13 | 30.2 bp −$302 | 286.5 bp −$28.7K | doesn't fit |
Injective: 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-PERPETUAL | −0.0576% | 1h | 0.3627 | −0.083% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERPlong | −0.0103% | 1h | 0.3630 | long leg | $78 | $265K | 12x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3625 | −0.125% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3628 | −0.044% | $37K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3627 | −0.091% | $26K | $193K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3627 | −0.083% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3626 | −0.113% | $411K | $704K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3626 | −0.105% | $130K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3629 | −0.031% | $369K | $177K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3625 | −0.143% | $25.3M | $58.2M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
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 CRVUSDTshort | +0.0100% | 8h | 0.3626 | −0.110% | $27.6M | $17.3M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3626 | −0.110% | $8.6M | $22.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3627 | −0.083% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3625 | −0.138% | $14.5M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3630 | 0.000% | $7.0M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3629 | −0.028% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3626 | −0.110% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3625 | −0.125% | $1.1M | $154K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3623 | −0.188% | $37K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3628 | −0.045% | $505K | $450K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3623 | −0.193% | $60K | $693K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3674 | +1.212% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3625 | −0.146% | $241K | $886K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3627 | −0.083% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0164% | 1h | 0.3631 | +0.030% | $3.1M | $3.5M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3619 | −0.303% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0268% | 1h | 0.3632 | +0.063% | $22.3M | $17.1M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3624 | −0.165% | $386K | $4.8M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0400% / S −0.0160% | 1h | 0.3629 | −0.029% | $215K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0411% | 1h | 0.3630 | +0.011% | $104K | $362K | 10x | as long as short |
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]
Backpack CRV_USDC_PERP