Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.066%
Price spread now: Phoenix against MEXC+0.257%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days−0.536%−$54 on $10k
+Price spread, last 3 days (all we have)+0.371%+$37 · spread now +0.257%, 7d avg +0.035%
=The price spread pays, funding is against you. Phoenix is 0.222% dearer against MEXC than usual: you sell high and buy low (spread +0.257% now, against its 7-day average of +0.035%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.4 days. At the pace of the last 7 days (−0.536% in total) that is about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CRV_USDT | 0.3660 | 0.0100 | pay 0.0100% / 8h | 2h 27m | $14.6M | $5.7M | 125x |
| Short | Phoenix CRV | 0.3669 | 0 | get 0.0000% / 1h | 27m 24s | $26K | $193K | 10x |
MEXC CRV_USDT
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against MEXC. 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: +0.257% → +0.035%
- $22.17
- Slippage, 4 orders
- −$29.93
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$39.77
- Costs to cover
- 0.409%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Phoenix: live order book, 55 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 MEXC live order book, 1 min ago | 1.37 bp | 4.0 bp −$4 | 18.5 bp −$185 | 78.2 bp −$7,821 | 120.1 bp −$60.0K |
| Sell Phoenix live order book, 55 min ago | 1.37 bp | 15.1 bp −$15 | 54.5 bp −$545 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0569% | 1h | 0.3660 | 0.000% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | −0.820% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3659 | −0.017% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3660 | +0.010% | $38K | $4K | 10x | as long as short |
| Phoenix CRVshort | 0.0000% | 1h | 0.3669 | +0.257% | $26K | $193K | 10x | |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3661 | +0.027% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3659 | −0.022% | $415K | $696K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3662 | +0.048% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3662 | +0.045% | $376K | $173K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3660 | 0.000% | $25.6M | $58.3M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
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 | 0.3659 | −0.027% | $27.8M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3659 | −0.027% | $8.7M | $22.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3663 | +0.082% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDTlong | +0.0100% | 8h | 0.3660 | long leg | $14.6M | $5.7M | 125x | |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3664 | +0.109% | $7.1M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3662 | +0.055% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3661 | +0.027% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3659 | −0.018% | $1.1M | $152K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3657 | −0.082% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3660 | 0.000% | $516K | $462K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3664 | +0.109% | $60K | $694K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3704 | +1.202% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3659 | −0.025% | $243K | $885K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3661 | +0.036% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0162% | 1h | 0.3667 | +0.198% | $3.1M | $3.5M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3662 | +0.055% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0339% | 1h | 0.3667 | +0.183% | $22.6M | $17.1M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3671 | +0.301% | $391K | $4.9M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0402% / S −0.0160% | 1h | 0.3662 | +0.065% | $217K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0500% | 1h | 0.3669 | +0.246% | $105K | $362K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
KuCoin CRVUSDTM
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
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP