Funding you earn now, next payment 22:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.066%
Price spread now: Phoenix against Binance+0.073%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$520.515% of the position
Funding, last 7 days−0.523%−$52 on $10k
+Price spread, last 3 days (all we have)+0.367%+$37 · spread now +0.073%, 7d avg +0.037%
=The price spread pays, funding is against you. Phoenix is 0.037% dearer against Binance than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.037%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CRVUSDT | 0.3691 | 0.0100 | pay 0.0100% / 8h | 57m 19s | $26.0M | $56.4M | 75x |
| Short | Phoenix CRV | 0.3694 | −0.0176 | pay 0.0022% / 1h | 57m 19s | $26K | $176K | 10x |
Binance CRVUSDT
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- −$57.99
- Price spread: +0.073% → +0.037%
- $3.66
- Slippage, 4 orders
- −$34.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$105.87
- Costs to cover
- 0.515%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Phoenix: live order book, 14 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 Binance live order book, 15 min ago | 1.37 bp | 12.4 bp −$12 | 23.5 bp −$235 | 124.7 bp −$12.5K | doesn't fit |
| Sell Phoenix live order book, 14 min ago | 1.09 bp | 14.0 bp −$14 | 49.3 bp −$493 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRVshort | −0.0176% | 1h | 0.3694 | +0.073% | $26K | $176K | 10x | |
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | −0.569% | $79 | $384K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3690 | −0.028% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0021% | 1h | 0.3691 | 0.000% | $57K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3690 | −0.015% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3691 | 0.000% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3691 | +0.014% | $418K | $718K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3692 | +0.019% | $132K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3692 | +0.023% | $376K | $216K | 10x | as long as short |
| Binance CRVUSDTlong | +0.0100% | 8h | 0.3691 | long leg | $26.0M | $56.4M | 75x |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3690 | −0.027% | $28.2M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3690 | −0.027% | $8.8M | $21.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3691 | 0.000% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3689 | −0.054% | $14.8M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3693 | +0.054% | $7.3M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3695 | +0.108% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3689 | −0.054% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3677 | −0.379% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3687 | −0.115% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3681 | −0.283% | $520K | $427K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3689 | −0.054% | $61K | $697K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3710 | +0.515% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3690 | −0.034% | $244K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3691 | +0.014% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0155% | 1h | 0.3697 | +0.155% | $3.1M | $3.0M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3694 | +0.081% | $1.4M | $4.2M | 75x | as long as short |
| Hyperliquid CRV | +0.0376% | 1h | 0.3698 | +0.176% | $22.9M | $16.3M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3693 | +0.054% | $384K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0450% / S −0.0191% | 1h | 0.3692 | +0.017% | $239K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0633% | 1h | 0.3690 | −0.024% | $108K | $317K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
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