Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Binance against dYdX−0.042%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.042% cheaper against dYdX than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX CRV-USD	0.3633	0	get 0.0000% / 1h	27m 18s	$37K	$6K	10x
Short	Binance CRVUSDT	0.3632	0.0100	get 0.0100% / 8h	6h 27m	$25.1M	$55.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee BinancebpOrdersPrice spread, now −0.042%Rate

Funding earned: $21
Price spread: −0.042% → 0.000%: −$4.2
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.2
Costs to cover: 0.200%
Break-even: 8.1 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 15 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 15 min ago	1.39 bp	13.1 bp −$13	29.2 bp −$292	105.5 bp −$10.6K	doesn't fit

dYdX: 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 29 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 CRV	−0.0066%	1h	0.3618	−0.423%	$26K	$162K	10x	as long as short
Reya CRVRUSDPERP	−0.0048%	1h	0.3631	−0.068%	$16	—	15x	as long as short
Deribit CRV_USDC-PERPETUAL	−0.0025%	1h	0.3632	−0.038%	$55K	$50K	25x	as long as short
dYdX CRV-USDlong	0.0000%	1h	0.3633	long leg	$37K	$6K	10x
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+1.008%	$79	$384K	12x	as long as short
Orderly PERP_CRV_USDC	+0.0095%	8h	0.3632	−0.038%	$24K	$979	10x	as long as short
Lighter CRV	+0.0096%	1h	0.3631	−0.068%	$383K	$712K	10x	as long as short
Hyperliquid CRV	+0.0100%	1h	0.3636	+0.067%	$22.2M	$15.5M	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3632	−0.027%	$129K	$182K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3632	−0.050%	$367K	$196K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRVUSDTshort	+0.0100%	8h	0.3632	−0.042%	$25.1M	$55.6M	75x
Bybit CRVUSDT	+0.0100%	8h	0.3631	−0.066%	$27.5M	$18.0M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3634	+0.017%	$8.7M	$21.0M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3633	−0.011%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3632	−0.038%	$14.8M	$5.3M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3634	+0.017%	$6.3M	$9.1M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3635	+0.045%	$6.8M	$5.5M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3633	−0.011%	—	$23.6M	—	as long as short
Backpack CRV_USDC_PERP	+0.0100%	1h	0.3631	−0.066%	$97K	$300K	10x	as long as short
Variational Omni CRV	+0.0100%	8h	0.3612	−0.590%	$1.1M	$113K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3620	−0.379%	$37K	$171K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3615	−0.517%	$506K	$427K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3622	−0.313%	$52K	$691K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3682	+1.338%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3630	−0.098%	$237K	$517K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3630	−0.093%	$13K	$6K	3x	as long as short
Kraken Futures PF_CRVUSD	+0.0291%	1h	0.3636	+0.084%	$3.1M	$2.8M	50x	as long as short
Coinbase International CRV-PERP-INTX	+0.0376%	1h	0.3636	+0.072%	$383K	$4.2M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0454% / S −0.0202%	1h	0.3632	−0.041%	$231K	—	100x	as long as short