Funding you earn now, next payment 23:00 UTC−0.0328%/8h= −36.0% APRpaid last 24h −0.104%
Price spread now: Phoenix against BloFin−0.357%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$480.477% of the position
Funding, last 7 days−0.764%−$76 on $10k
+Price spread, last 3 days (all we have)+0.251%+$25 · spread now −0.357%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Phoenix is 0.356% cheaper against BloFin than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CRV-USDT | 0.3674 | 0.0220 | pay 0.0220% / 8h | 0m 08s | $1.4M | $4.4M | 75x |
| Short | Phoenix CRV | 0.3661 | −0.0108 | pay 0.0014% / 1h | 0m 08s | $26K | $176K | 10x |
BloFin CRV-USDT
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- −$68.98
- Price spread: −0.357% → −0.001%
- −$35.55
- Slippage, 4 orders
- −$28.73
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$152.26
- Costs to cover
- 0.477%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 8 min ago; Phoenix: live order book, 6 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 BloFin live order book, 8 min ago | 1.37 bp | 8.9 bp −$9 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | −0.109% | $79 | $384K | 12x | as long as short |
| Phoenix CRVshort | −0.0108% | 1h | 0.3661 | −0.357% | $26K | $176K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3681 | +0.204% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0022% | 1h | 0.3681 | +0.191% | $57K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3681 | +0.204% | $38K | $5K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3682 | +0.223% | $416K | $739K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3681 | +0.191% | $25K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3684 | +0.263% | $131K | $184K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3680 | +0.176% | $371K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3678 | +0.109% | $25.8M | $56.3M | 75x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3680 | +0.163% | $27.9M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3678 | +0.109% | $8.8M | $21.7M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3682 | +0.218% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3681 | +0.191% | $14.6M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3686 | +0.327% | $7.4M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3682 | +0.218% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3680 | +0.163% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3673 | −0.027% | $1.1M | $111K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3669 | −0.124% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3661 | −0.363% | $512K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3670 | −0.109% | $60K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3706 | +0.871% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3680 | +0.171% | $244K | $882K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3681 | +0.204% | $19K | $9K | 3x | as long as short |
| Hyperliquid CRV | +0.0128% | 1h | 0.3684 | +0.283% | $22.9M | $16.5M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0155% | 1h | 0.3686 | +0.339% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDTlong | +0.0220% | 8h | 0.3674 | long leg | $1.4M | $4.4M | 75x | |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3687 | +0.354% | $389K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0445% / S −0.0192% | 1h | 0.3683 | +0.252% | $233K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0534% | 1h | 0.3683 | +0.253% | $107K | $292K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Hyperliquid CRV
Kraken Futures PF_CRVUSD
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP