CRV has plunged nearly 4%. Binance's funding rate is about -0.0000265 and OKX's is about -0.0000701—both are paying longs. Bybit, however, is at about +0.0000606, charging longs instead.
Price snapshot: CRV is around 0.3320 on Binance (-3.712%) and around 0.3320 on OKX (-3.656%). Open interest in futures is about $136 million.
Prices are getting hammered, but funding rates are pulling in opposite directions—which is closer to the true cost of holding a position: the two exchanges paying traders or the one charging them?
Bybit is charging about 0.0000606, while OKX is paying about 0.0000701—which side would you trust first?
View live: https://www.coinboss.com/currencies/CRV