Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against dYdX−0.060%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 Bitget

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. Bitget is 0.060% cheaper against dYdX than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 48 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	0.3667	0	get 0.0000% / 1h	28m 23s	$38K	$5K	10x
Short	Bitget CRVUSDT	0.3665	0.0100	get 0.0100% / 8h	28m 23s	$6.9M	$5.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.060%Rate

Funding earned: $21
Price spread: −0.060% → 0.000%: −$5.97
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$6.97
Costs to cover: 0.220%
Break-even: 9.3 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	4.07 bp	15.0 bp −$15	19.7 bp −$197	doesn't fit	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 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	+0.077%	$79	$384K	12x	as long as short
Phoenix CRV	−0.0108%	1h	0.3665	−0.062%	$26K	$176K	10x	as long as short
Reya CRVRUSDPERP	−0.0049%	1h	0.3661	−0.167%	$16	—	15x	as long as short
Deribit CRV_USDC-PERPETUAL	−0.0022%	1h	0.3670	+0.077%	$57K	$49K	25x	as long as short
dYdX CRV-USDlong	0.0000%	1h	0.3667	long leg	$38K	$5K	10x
Lighter CRV	+0.0096%	1h	0.3666	−0.019%	$415K	$735K	10x	as long as short
Orderly PERP_CRV_USDC	+0.0096%	8h	0.3663	−0.114%	$24K	$929	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3661	−0.155%	$131K	$186K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3667	−0.017%	$370K	$208K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3661	−0.171%	$25.8M	$56.4M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRVUSDT	+0.0100%	8h	0.3662	−0.141%	$27.8M	$17.3M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3660	−0.196%	$8.8M	$21.5M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3662	−0.141%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3662	−0.141%	$14.5M	$5.2M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3666	−0.032%	$7.4M	$9.2M	50x	as long as short
Bitget CRVUSDTshort	+0.0100%	8h	0.3665	−0.060%	$6.9M	$5.6M	75x
BingX CRV-USDT	+0.0100%	8h	0.3661	−0.169%	—	$21.6M	—	as long as short
Variational Omni CRV	+0.0100%	8h	0.3668	+0.024%	$1.1M	$110K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3680	+0.344%	$38K	$173K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3670	+0.077%	$519K	$428K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3684	+0.458%	$61K	$696K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3686	+0.513%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3660	−0.201%	$244K	$884K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3672	+0.126%	$19K	$9K	3x	as long as short
Kraken Futures PF_CRVUSD	+0.0156%	1h	0.3676	+0.235%	$3.1M	$2.9M	50x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3669	+0.049%	$1.4M	$4.4M	75x	as long as short
Hyperliquid CRV	+0.0251%	1h	0.3668	+0.011%	$22.8M	$16.5M	10x	as long as short
Coinbase International CRV-PERP-INTX	+0.0384%	1h	0.3671	+0.104%	$387K	$4.7M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0437% / S −0.0185%	1h	0.3664	−0.093%	$230K	—	100x	as long as short
Backpack CRV_USDC_PERP	+0.0629%	1h	0.3674	+0.175%	$107K	$305K	10x	as long as short