Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: OKX against dYdX−0.160%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 OKX

What this pair did over the last

the charts below follow

Funding, last 6 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. OKX is 0.160% cheaper against dYdX than usual: you would sell low and buy high (spread −0.160% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.3 days 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	0.3643	0	get 0.0000% / 1h	54m 17s	$38K	$8K	10x
Short	OKX CRV-USDT-SWAP	0.3637	0.0100	get 0.0100% / 8h	3h 54m	$8.8M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.160%Rate

Funding earned: $21
Price spread: −0.160% → 0.000%: −$16.04
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$15.04
Costs to cover: 0.200%
Break-even: 12.0 days

Slippage unknown: dYdX: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	1.38 bp	11.2 bp −$11	38.0 bp −$380	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
Reya CRVRUSDPERP	−0.0048%	1h	0.3638	−0.135%	$16	—	15x	as long as short
Backpack CRV_USDC_PERP	−0.0033%	1h	0.3645	+0.065%	$102K	$256K	10x	as long as short
dYdX CRV-USDlong	0.0000%	1h	0.3643	long leg	$38K	$8K	10x
Phoenix CRV	0.0000%	1h	0.3629	−0.377%	$26K	$176K	10x	as long as short
Deribit CRV_USDC-PERPETUAL	0.0000%	1h	0.3637	−0.160%	$55K	$47K	25x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+0.745%	$79	$384K	12x	as long as short
Lighter CRV	+0.0096%	1h	0.3638	−0.138%	$384K	$698K	10x	as long as short
Orderly PERP_CRV_USDC	+0.0100%	8h	0.3638	−0.133%	$24K	$902	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3643	+0.002%	$130K	$180K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3643	+0.017%	$370K	$198K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRVUSDT	+0.0100%	8h	0.3640	−0.067%	$25.0M	$54.4M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3637	−0.160%	$27.5M	$17.7M	75x	as long as short
OKX CRV-USDT-SWAPshort	+0.0100%	8h	0.3637	−0.160%	$8.8M	$20.4M	50x
Gate CRV_USDT	+0.0100%	8h	0.3643	+0.004%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3640	−0.078%	$13.5M	$5.6M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3643	+0.004%	$6.1M	$8.6M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3641	−0.051%	$6.8M	$5.1M	75x	as long as short
BingX CRV-USDC	+0.0100%	8h	0.3640	−0.078%	—	$1.6M	—	as long as short
Variational Omni CRV	+0.0100%	8h	0.3629	−0.384%	$1.1M	$101K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3625	−0.481%	$37K	$173K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3629	−0.372%	$513K	$451K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3626	−0.462%	$52K	$685K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3702	+1.624%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3636	−0.174%	$258K	$492K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3635	−0.228%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3637	−0.160%	$1.4M	$4.1M	75x	as long as short
Hyperliquid CRV	+0.0358%	1h	0.3644	+0.045%	$22.0M	$14.9M	10x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0418% / S −0.0177%	1h	0.3638	−0.129%	$213K	—	100x	as long as short
Coinbase International CRV-PERP-INTX	+0.0432%	1h	0.3640	−0.078%	$382K	$4.0M	50x	as long as short
Kraken Futures PF_CRVUSD	+0.0723%	1h	0.3642	−0.031%	$3.1M	$2.6M	50x	as long as short