Funding you earn now, next payment 00:00 UTC−0.0318%/8h= −34.8% APRpaid last 24h −0.123%
Price spread now: Variational Omni against GMX−0.488%7-day average −0.102% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.508%−$51 on $10k
+Price spread, last 3 days (all we have)+0.300%+$30 · spread now −0.488%, 7d avg −0.102%
=Together, before fees−0.208%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Variational Omni is 0.386% cheaper against GMX than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.102%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX CRV/USD [ETH-USDC] | 0.3673 | L +0.0418% / S −0.0173% | pay 0.0052% / 1h | 3m 42s | $221K | — | 100x |
| Short | Variational Omni CRV | 0.3655 | 0.0100 | get 0.0100% / 8h | 3m 42s | $1.1M | $111K | — |
GMX CRV/USD [ETH-USDC]
Variational Omni CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GMX. 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
- −$66.76
- Price spread: −0.488% → −0.102%
- −$38.62
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$117.38
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, just now. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, just now | 5.46 bp | doesn't fit | 30.0 bp −$300 | doesn't fit | doesn't fit |
GMX: 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 | −0.080% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0108% | 1h | 0.3658 | −0.401% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3671 | −0.053% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0022% | 1h | 0.3673 | +0.002% | $57K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3669 | −0.094% | $38K | $5K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3670 | −0.069% | $416K | $737K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3672 | −0.025% | $24K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3671 | −0.054% | $131K | $184K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3670 | −0.084% | $370K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3669 | −0.107% | $25.7M | $56.2M | 75x | as long as short |
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3669 | −0.107% | $27.8M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3668 | −0.134% | $8.8M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3671 | −0.053% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3669 | −0.107% | $14.5M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3671 | −0.053% | $7.4M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3674 | +0.029% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3670 | −0.080% | — | $1.7M | — | as long as short |
| Variational Omni CRVshort | +0.0100% | 8h | 0.3655 | −0.488% | $1.1M | $111K | — | |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3656 | −0.454% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3660 | −0.352% | $512K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3656 | −0.461% | $60K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3695 | +0.601% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3668 | −0.125% | $244K | $882K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3670 | −0.068% | $19K | $9K | 3x | as long as short |
| Hyperliquid CRV | +0.0129% | 1h | 0.3675 | +0.062% | $22.8M | $16.5M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0156% | 1h | 0.3674 | +0.040% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3661 | −0.325% | $1.4M | $4.4M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3669 | −0.107% | $387K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC]long | L +0.0418% / S −0.0173% | 1h | 0.3673 | long leg | $221K | — | 100x | |
| Backpack CRV_USDC_PERP | +0.0527% | 1h | 0.3674 | +0.018% | $107K | $291K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Hyperliquid CRV
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Backpack CRV_USDC_PERP