Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.5% APRpaid last 24h +0.055%
Price spread now: Backpack against MEXC+0.041%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.041%, 7d avg +0.085%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Backpack is 0.044% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.085%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.111%, 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 | MEXC CRV_USDT | 0.3633 | 0.0100 | pay 0.0100% / 8h | 4h 24m | $14.0M | $5.5M | 125x |
| Short | Backpack CRV_USDC_PERP | 0.3634 | 0.0014 | get 0.0002% / 1h | 24m 20s | $99K | $297K | 10x |
MEXC CRV_USDT
Backpack CRV_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- −$18.15
- Price spread: +0.041% → +0.085%
- −$4.4
- Slippage, 4 orders
- −$18.03
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$54.58
- Costs to cover
- 0.320%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 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 MEXC live order book, 4 min ago | 1.38 bp | 8.2 bp −$8 | 21.9 bp −$219 | 92.4 bp −$9,241 | 133.4 bp −$66.7K |
| Sell Backpack live order book, 34 min ago | 1.38 bp | 8.2 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 | 0.3634 | +0.039% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3630 | −0.087% | $37K | $7K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3630 | −0.074% | $26K | $168K | 10x | as long as short |
| Backpack CRV_USDC_PERPshort | +0.0014% | 1h | 0.3634 | +0.041% | $99K | $297K | 10x | |
| Deribit CRV_USDC-PERPETUAL | +0.0025% | 1h | 0.3633 | 0.000% | $55K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.018% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3633 | +0.011% | $383K | $708K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0099% | 8h | 0.3635 | +0.055% | $24K | $902 | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3638 | +0.140% | $22.0M | $14.8M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3633 | +0.009% | $129K | $180K | 10x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRV
Orderly PERP_CRV_USDC
Hyperliquid CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3634 | +0.034% | $369K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3635 | +0.044% | $24.9M | $54.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3632 | −0.028% | $27.5M | $17.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3634 | +0.028% | $8.7M | $20.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3632 | −0.028% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDTlong | +0.0100% | 8h | 0.3633 | long leg | $14.0M | $5.5M | 125x | |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3633 | 0.000% | $6.2M | $8.7M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3636 | +0.083% | $6.8M | $5.2M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3634 | +0.028% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3625 | −0.225% | $1.1M | $102K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3626 | −0.193% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3630 | −0.091% | $506K | $441K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3627 | −0.165% | $52K | $684K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3681 | +1.321% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3633 | +0.001% | $238K | $477K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3633 | +0.011% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3632 | −0.028% | $1.4M | $4.0M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3631 | −0.055% | $381K | $4.0M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0418% / S −0.0177% | 1h | 0.3634 | +0.022% | $212K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0696% | 1h | 0.3638 | +0.140% | $3.1M | $2.5M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate 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
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD