Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.226%
Price spread now: Phoenix against Deribit+0.656%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.811%+$81 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.656% dearer against Deribit than usual: you sell high and buy low: +$66 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit CRV_USDC-PERPETUAL | 0.3598 | 0 | get 0.0000% / 1h | 10m 45s | $54K | $46K | 25x |
| Short | Phoenix CRV | 0.3622 | 0.0044 | get 0.0006% / 1h | 10m 45s | $26K | $176K | 10x |
Deribit CRV_USDC-PERPETUAL
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. 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
- $9.24
- Price spread: +0.656% → 0.000%
- $65.59
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $60.83
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Phoenix: live order book, 36 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 36 min ago | 1.37 bp | 16.9 bp −$17 | 62.9 bp −$629 | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3600 | +0.053% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3598 | −0.004% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUALlong | 0.0000% | 1h | 0.3598 | long leg | $54K | $46K | 25x | |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.001% | $79 | $384K | 12x | as long as short |
| Phoenix CRVshort | +0.0044% | 1h | 0.3622 | +0.656% | $26K | $176K | 10x | |
| Lighter CRV | +0.0096% | 1h | 0.3596 | −0.061% | $380K | $705K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3594 | −0.115% | $128K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3600 | +0.053% | $365K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3592 | −0.180% | $25.0M | $55.2M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3591 | −0.195% | $27.2M | $17.8M | 75x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Injective CRV/USDC PERP
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3591 | −0.195% | $8.7M | $19.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3592 | −0.167% | $1.9M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3591 | −0.195% | $13.0M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3592 | −0.167% | $6.0M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3593 | −0.139% | $6.7M | $5.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3592 | −0.167% | — | $23.5M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3598 | +0.003% | $98K | $258K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3596 | −0.060% | $1.1M | $93K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3621 | +0.629% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3627 | +0.806% | $513K | $440K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3621 | +0.639% | $54K | $685K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3599 | +0.028% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3639 | +1.140% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3590 | −0.223% | $253K | $497K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3599 | +0.023% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3600 | +0.056% | $1.4M | $4.0M | 75x | as long as short |
| Hyperliquid CRV | +0.0408% | 1h | 0.3594 | −0.111% | $21.6M | $15.5M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0416% / S −0.0177% | 1h | 0.3600 | +0.064% | $210K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3600 | +0.056% | $358K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0731% | 1h | 0.3598 | −0.001% | $3.0M | $2.6M | 50x | as long as short |
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD