Funding you earn now, next payment 00:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.068%
Price spread now: Phoenix against BingX+0.136%109s7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$860.860% of the position
Funding, last 7 days−0.595%−$59 on $10k
+Price spread, last 3 days (all we have)+0.149%+$15 · spread now +0.136%, 7d avg +0.038%
=The price spread pays, funding is against you. Phoenix is 0.098% dearer against BingX than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.038%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 42 hours. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CRV-USDC | 0.3671 | 0.0100 | pay 0.0100% / 8h | 7h 17m | — | $1.7M | — |
| Short | Phoenix CRV | 0.3676 | −0.0087 | pay 0.0011% / 1h | 17m 43s | $26K | $168K | 10x |
BingX CRV-USDC
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BingX. 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
- −$39.26
- Price spread: +0.136% → +0.038%
- $9.83
- Slippage, 4 orders
- −$68.97
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$115.4
- Costs to cover
- 0.860%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Phoenix: live order book, 49 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 BingX live order book, 14 min ago | 15.04 bp | 25.6 bp −$26 | 52.8 bp −$528 | 440.1 bp −$44.0K | 1082.5 bp −$541.2K |
| Sell Phoenix live order book, 49 min ago | 1.09 bp | 13.1 bp −$13 | 45.8 bp −$458 | 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 | −0.0087% | 1h | 0.3676 | +0.136% | $26K | $168K | 10x | |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3660 | −0.301% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0023% | 1h | 0.3666 | −0.136% | $56K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3673 | +0.048% | $38K | $5K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | −0.027% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0088% | 1h | 0.3670 | −0.019% | $3.1M | $2.8M | 50x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3672 | +0.027% | $411K | $726K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3667 | −0.109% | $24K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3669 | −0.065% | $130K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3672 | +0.017% | $374K | $211K | 10x | as long as short |
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Kraken Futures PF_CRVUSD
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3671 | +0.007% | $25.6M | $55.9M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3670 | −0.027% | $27.9M | $17.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3668 | −0.082% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3669 | −0.054% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3670 | −0.027% | $15.1M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3672 | +0.027% | $6.6M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3674 | +0.082% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDClong | +0.0100% | 8h | 0.3671 | long leg | — | $1.7M | — | |
| Variational Omni CRV | +0.0100% | 8h | 0.3668 | −0.085% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3669 | −0.057% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3670 | −0.039% | $518K | $417K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3670 | −0.027% | $53K | $698K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3706 | +0.953% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3671 | −0.007% | $247K | $893K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3667 | −0.109% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3659 | −0.327% | $1.4M | $4.3M | 75x | as long as short |
| Hyperliquid CRV | +0.0301% | 1h | 0.3678 | +0.202% | $22.8M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3673 | +0.054% | $383K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0174% | 1h | 0.3666 | −0.135% | $218K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0533% | 1h | 0.3670 | −0.030% | $99K | $295K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP