Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: Orderly against dYdX−0.085%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 Orderly

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. Orderly is 0.085% cheaper against dYdX than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.9 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	0.3626	0	get 0.0000% / 1h	56m 38s	$37K	$8K	10x
Short	Orderly PERP_CRV_USDC	0.3623	0.0099	get 0.0099% / 8h	3h 56m	$24K	$902	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.085%Rate

Funding earned: $20.88
Price spread: −0.085% → 0.000%: −$8.51
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$3.63
Costs to cover: 0.160%
Break-even: 8.2 days

Slippage unknown: dYdX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

dYdX and Orderly: 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
Backpack CRV_USDC_PERP	−0.0165%	1h	0.3627	+0.017%	$97K	$266K	10x	as long as short
Reya CRVRUSDPERP	−0.0048%	1h	0.3624	−0.067%	$16	—	15x	as long as short
dYdX CRV-USDlong	0.0000%	1h	0.3626	long leg	$37K	$8K	10x
Phoenix CRV	0.0000%	1h	0.3629	+0.083%	$26K	$176K	10x	as long as short
Deribit CRV_USDC-PERPETUAL	0.0000%	1h	0.3622	−0.113%	$55K	$47K	25x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+1.211%	$79	$384K	12x	as long as short
Lighter CRV	+0.0096%	1h	0.3625	−0.036%	$383K	$698K	10x	as long as short
Orderly PERP_CRV_USDCshort	+0.0099%	8h	0.3623	−0.085%	$24K	$902	10x
Aster CRVUSDT	+0.0100%	8h	0.3626	+0.007%	$129K	$180K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3624	−0.061%	$368K	$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	0.3625	−0.034%	$24.9M	$54.4M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3622	−0.113%	$27.4M	$17.7M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3619	−0.195%	$8.7M	$20.3M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3624	−0.058%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3622	−0.113%	$13.4M	$5.6M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3627	+0.025%	$6.1M	$8.6M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3625	−0.030%	$6.8M	$5.1M	75x	as long as short
BingX CRV-USDC	+0.0100%	8h	0.3622	−0.113%	—	$1.6M	—	as long as short
Variational Omni CRV	+0.0100%	8h	0.3629	+0.077%	$1.1M	$101K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3629	+0.093%	$37K	$172K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3630	+0.107%	$513K	$451K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3632	+0.163%	$52K	$684K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3687	+1.680%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3620	−0.160%	$257K	$493K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3623	−0.091%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3621	−0.140%	$1.4M	$4.0M	75x	as long as short
Hyperliquid CRV	+0.0278%	1h	0.3632	+0.152%	$21.9M	$14.9M	10x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0417% / S −0.0177%	1h	0.3625	−0.030%	$212K	—	100x	as long as short
Coinbase International CRV-PERP-INTX	+0.0432%	1h	0.3635	+0.246%	$381K	$4.0M	50x	as long as short
Kraken Futures PF_CRVUSD	+0.0725%	1h	0.3629	+0.094%	$3.1M	$2.6M	50x	as long as short