Funding you earn now, next payment 00:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.068%
Price spread now: Phoenix against KuCoin−0.174%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$890.885% of the position
Funding, last 7 days−0.553%−$55 on $10k
+Price spread, last 3 days (all we have)+0.326%+$33 · spread now −0.174%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phoenix is 0.150% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CRVUSDTM | 0.3682 | 0.0100 | pay 0.0100% / 8h | 7h 07m | $6.6M | $9.1M | 50x |
| Short | Phoenix CRV | 0.3676 | −0.0087 | pay 0.0011% / 1h | 7m 16s | $26K | $168K | 10x |
KuCoin CRVUSDTM
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- −$39.26
- Price spread: −0.174% → −0.024%
- −$14.98
- Slippage, 4 orders
- −$69.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$142.75
- Costs to cover
- 0.885%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Phoenix: live order book, 59 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 KuCoin live order book, 1 min ago | 1.36 bp | 24.8 bp −$25 | 128.0 bp −$1,280 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 59 min ago | 1.09 bp | 13.1 bp −$13 | 45.8 bp −$458 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRVshort | −0.0087% | 1h | 0.3676 | −0.174% | $26K | $168K | 10x | |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3677 | −0.124% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3682 | 0.000% | $38K | $6K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0022% | 1h | 0.3680 | −0.054% | $56K | $50K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | −0.326% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0088% | 1h | 0.3685 | +0.079% | $3.1M | $2.8M | 50x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3681 | −0.019% | $411K | $727K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3681 | −0.027% | $25K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3682 | +0.006% | $131K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3683 | +0.016% | $375K | $211K | 10x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Kraken Futures PF_CRVUSD
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3681 | −0.027% | $25.7M | $55.8M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3680 | −0.054% | $28.1M | $17.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3678 | −0.109% | $8.8M | $21.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3682 | 0.000% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3678 | −0.109% | $15.2M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTMlong | +0.0100% | 8h | 0.3682 | long leg | $6.6M | $9.1M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3682 | 0.000% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3680 | −0.054% | — | $23.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3672 | −0.274% | $1.1M | $114K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3686 | +0.100% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3690 | +0.217% | $521K | $407K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3686 | +0.109% | $53K | $697K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3716 | +0.923% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3679 | −0.093% | $245K | $834K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3681 | −0.027% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3680 | −0.054% | $1.4M | $4.3M | 75x | as long as short |
| Hyperliquid CRV | +0.0313% | 1h | 0.3685 | +0.084% | $22.8M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3685 | +0.081% | $385K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0418% / S −0.0174% | 1h | 0.3681 | −0.030% | $219K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0542% | 1h | 0.3685 | +0.090% | $99K | $295K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP