CRV funding rate

Compared across 14 venues · net of estimated fees

CRV Funding Rate — live across 14 venues

Perpetual funding · compared across 14 venues · net of estimated fees · updated every few minutes

Live annualized CRV perpetual funding across all 14 venues Perpia tracks. Right now CRV funding is positive on 13 and negative on 1, ranging from +11.4% on Extended to -8.0% on BackPack — a spread of 19.4%. The widest delta-neutral trade is long BackPack / short Extended at 16.8% net APR.

14venues
13paying positive
19.4%funding spread
Best CRV spread now
16.8%
net APR after fees
LongBackPack↗→ShortExtended↗
size depends on live venue depth — see the real cap in the scanner

CRV funding trend & liquidity

168h of history
19.4%current gross APR
-17.0%24h average
17.6%7-day average
$86Kpair OI · lower leg
$102K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

CRV · BackPack → Extended — no history

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Build a route

any two of the 14 venues
Gross spread+19.4%+$5.31 / day on $10,000
Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 14 venues
VenueFunding APR ↓IntervalUse as
Extended↗short+11.4%every 1h
MEXC↗+10.9%every 8h
Variational↗+10.9%every 8h
OKX↗+10.9%every 8h
Binance↗+10.9%every 8h
Bybit↗+10.9%every 8h
KuCoin↗+10.9%every 8h
Gate.io↗+10.9%every 8h
Bitget↗+10.9%every 8h
Hyperliquid↗+10.9%every 1h
Aster↗+10.9%every 8h
Lighter↗+10.5%every 8h
BingX↗+8.8%every 8h
below — these venues pay the longs: this is the leg you buy
BackPack↗long−8.0%every 1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the BackPack vs Extended page. 14 pairs scanned for CRV.

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CRV — FAQ

Is CRV funding positive right now?

CRV perpetual funding is positive on 13 of 14 venues Perpia tracks and negative on 1. The highest is +11.4% on Extended; the lowest is -8.0% on BackPack.

What is the best CRV funding arbitrage right now?

Go long BackPack and short Extended for about 16.8% net APR after fees — the widest delta-neutral CRV spread Perpia currently sees.

Which exchange has the highest CRV funding rate?

Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.

How CRV funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to CRV

also quoted on both BackPack and Extended

The same two exchanges you would already have funded for the CRV trade. Every spread between them is on the BackPack vs Extended page.