Funding you earn now, next payment 01:00 UTC−0.0099%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.051%
Price spread now: Phoenix against Injective−1.741%7-day average +0.181% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.513%−$51 on $10k
+Price spread, last 3 days (all we have)+1.996%+$200 · spread now −1.741%, 7d avg +0.181%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 1.922% cheaper against Injective than usual: you would sell low and buy high (−$192 if the spread goes back to its 7-day average of +0.181%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CRV/USDC PERP | 0.3670 | 0.0033 | pay 0.0004% / 1h | 29m 37s | $79 | $384K | 12x |
| Short | Phoenix CRV | 0.3606 | −0.0066 | pay 0.0008% / 1h | 29m 37s | $26K | $162K | 10x |
Injective CRV/USDC PERP
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- −$20.84
- Price spread: −1.741% → +0.181%
- −$192.25
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$220.11
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 32 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 32 min ago | 1.38 bp | 17.1 bp −$17 | 63.7 bp −$637 | doesn't fit | doesn't fit |
Injective: 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 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRVshort | −0.0066% | 1h | 0.3606 | −1.741% | $26K | $162K | 10x | |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3621 | −1.337% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0026% | 1h | 0.3623 | −1.281% | $55K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3624 | −1.248% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERPlong | +0.0033% | 1h | 0.3670 | long leg | $79 | $384K | 12x | |
| ApeX Omni CRVUSDT | +0.0073% | 1h | 0.3618 | −1.417% | $52K | $690K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3622 | −1.308% | $24K | $979 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3622 | −1.297% | $382K | $711K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3628 | −1.136% | $22.2M | $15.5M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3625 | −1.230% | $129K | $182K | 10x | as long as short |
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid CRV
Aster CRVUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3624 | −1.248% | $366K | $196K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3622 | −1.308% | $25.0M | $55.7M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3620 | −1.362% | $27.4M | $18.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3620 | −1.362% | $8.7M | $20.9M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3622 | −1.308% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3624 | −1.253% | $14.8M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3624 | −1.253% | $6.3M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3626 | −1.199% | $6.8M | $5.5M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3623 | −1.281% | — | $1.7M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3629 | −1.117% | $97K | $300K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3612 | −1.582% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3616 | −1.483% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3604 | −1.804% | $505K | $427K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3668 | −0.054% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3622 | −1.321% | $236K | $541K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3623 | −1.281% | $13K | $6K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0291% | 1h | 0.3630 | −1.103% | $3.1M | $2.8M | 50x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3625 | −1.226% | $381K | $4.3M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0453% / S −0.0202% | 1h | 0.3620 | −1.354% | $231K | — | 100x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]