Funding you earn now, next payment 05:00 UTC−0.0055%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.063%
Price spread now: Phoenix against ApeX Omni+0.132%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$650.652% of the position
Funding, last 7 days−0.579%−$58 on $10k
+Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.132%, 7d avg −0.024%
=The price spread pays, funding is against you. Phoenix is 0.157% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of −0.024%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.4 days. At the pace of the last 7 days (−0.579% in total) that is about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni CRVUSDT | 0.3557 | 0.0100 | pay 0.0013% / 1h | 20m 27s | $53K | $683K | 50x |
| Short | Phoenix CRV | 0.3562 | 0.0045 | get 0.0006% / 1h | 20m 27s | $25K | $177K | 10x |
ApeX Omni CRVUSDT
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- −$11.62
- Price spread: +0.132% → −0.024%
- $15.66
- Slippage, 4 orders
- −$48.21
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$61.17
- Costs to cover
- 0.652%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 28 min ago; Phoenix: live order book, 21 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 ApeX Omni live order book, 28 min ago | 8.35 bp | 15.2 bp −$15 | 96.5 bp −$965 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 21 min ago | 1.41 bp | 17.2 bp −$17 | 63.7 bp −$637 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0087% | 1h | 0.3575 | +0.520% | $94K | $261K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3583 | +0.743% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3581 | +0.680% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3572 | +0.422% | $54K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.177% | $79 | $384K | 12x | as long as short |
| Phoenix CRVshort | +0.0045% | 1h | 0.3562 | +0.132% | $25K | $177K | 10x | |
| Variational Omni CRV | +0.0083% | 8h | 0.3569 | +0.334% | $1.1M | $95K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3581 | +0.666% | $380K | $704K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3586 | +0.824% | $20.8M | $16.2M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3584 | +0.763% | $113K | $193K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Variational Omni CRV
Lighter CRV
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 | 0.3582 | +0.694% | $363K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3586 | +0.805% | $24.7M | $56.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3583 | +0.731% | $27.0M | $19.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3587 | +0.843% | $8.8M | $20.2M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3583 | +0.731% | $1.9M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3584 | +0.759% | $12.7M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3584 | +0.759% | $6.0M | $8.3M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3585 | +0.787% | $6.7M | $5.3M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3585 | +0.787% | — | $1.6M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3554 | −0.071% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3559 | +0.068% | $500K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDTlong | +0.0100% | 1h | 0.3557 | long leg | $53K | $683K | 50x | |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3586 | +0.815% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3658 | +2.839% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3582 | +0.703% | $253K | $493K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3573 | +0.440% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3572 | +0.422% | $1.3M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0415% / S −0.0177% | 1h | 0.3585 | +0.794% | $209K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3558 | +0.028% | $355K | $4.2M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0680% | 1h | 0.3575 | +0.511% | $3.0M | $2.6M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD