Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.067%
Price spread now: Phoenix against GRVT−0.144%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$470as in the Funding arb table
Net, price: spread back to 7d avg − costs−$425as in the Price arb table
costs, in and out, $10k−$4104.099% of the position
Funding, last 7 days−0.604%−$60 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.144%, 7d avg +0.003%
=Together, before fees−0.474%+ Points / potential airdropGRVT: Active · farm board−$47 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.147% cheaper against GRVT than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT CRV_USDT_Perp | 0.3620 | 0.0100 | pay 0.0100% / 8h | 4h 52m | $510K | $433K | 10x |
| Short | Phoenix CRV | 0.3615 | 0 | get 0.0000% / 1h | 52m 23s | $26K | $168K | 10x |
GRVT CRV_USDT_Perp
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GRVT. 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
- −$21
- Price spread: −0.144% → +0.003%
- −$14.7
- Slippage, 4 orders
- −$393.94
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$445.64
- Costs to cover
- 4.099%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; Phoenix: live order book, 63 min ago.
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 GRVT live order book, 5 min ago | 13.83 bp | 320.2 bp −$320 | 482.1 bp −$4,821 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 63 min ago | 1.09 bp | 12.7 bp −$13 | 44.0 bp −$440 | doesn't fit | doesn't fit |
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 | −0.0261% | 1h | 0.3613 | −0.188% | $99K | $296K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3605 | −0.403% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3608 | −0.340% | $37K | $7K | 10x | as long as short |
| Phoenix CRVshort | 0.0000% | 1h | 0.3615 | −0.144% | $26K | $168K | 10x | |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3612 | −0.221% | $55K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.381% | $79 | $384K | 12x | as long as short |
| ApeX Omni CRVUSDT | +0.0060% | 1h | 0.3615 | −0.138% | $52K | $686K | 50x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3606 | −0.387% | $380K | $701K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0097% | 8h | 0.3606 | −0.387% | $24K | $902 | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3609 | −0.290% | $21.8M | $14.9M | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
ApeX Omni CRVUSDT
Lighter CRV
Orderly PERP_CRV_USDC
Hyperliquid CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CRVUSDT | +0.0100% | 8h | 0.3606 | −0.399% | $128K | $179K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3607 | −0.353% | $366K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3605 | −0.414% | $24.9M | $53.6M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3605 | −0.414% | $27.3M | $17.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3605 | −0.414% | $8.7M | $20.1M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3605 | −0.414% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3606 | −0.387% | $14.0M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3605 | −0.414% | $6.2M | $8.7M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3607 | −0.359% | $6.7M | $5.1M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3606 | −0.387% | — | $1.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3618 | −0.058% | $1.1M | $102K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3613 | −0.190% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perplong | +0.0100% | 8h | 0.3620 | long leg | $510K | $433K | 10x | |
| SunX CRV-USDT | +0.0100% | 8h | 0.3641 | +0.580% | $1K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3600 | −0.552% | $236K | $476K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3606 | −0.375% | $13K | $6K | 3x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0174% / S +0.0091% | 1h | 0.3605 | −0.407% | $195K | — | 100x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3613 | −0.193% | $1.4M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3640 | +0.552% | $379K | $4.0M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0700% | 1h | 0.3615 | −0.133% | $3.1M | $2.5M | 50x | as long as short |
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
GMX CRV/USD [ETH-USDC]
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD