Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: dYdX against Orderly+0.074%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.074% dearer against Orderly than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_CRV_USDC	0.3604	0.0097	pay 0.0097% / 8h	4h 46m	$24K	$902	10x
Short	dYdX CRV-USD	0.3607	0	get 0.0000% / 1h	46m 06s	$37K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee dYdXbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$20.36
Price spread: +0.074% → 0.000%: $7.42
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$28.94
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; dYdX: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Orderly and dYdX: 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
Backpack CRV_USDC_PERP	−0.0125%	1h	0.3608	+0.105%	$99K	$296K	10x	as long as short
Reya CRVRUSDPERP	−0.0048%	1h	0.3601	−0.072%	$15	—	15x	as long as short
dYdX CRV-USDshort	0.0000%	1h	0.3607	+0.074%	$37K	$7K	10x
Phoenix CRV	0.0000%	1h	0.3606	+0.061%	$26K	$168K	10x	as long as short
Deribit CRV_USDC-PERPETUAL	+0.0027%	1h	0.3605	+0.028%	$55K	$48K	25x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+1.831%	$79	$384K	12x	as long as short
Lighter CRV	+0.0096%	1h	0.3606	+0.067%	$381K	$703K	10x	as long as short
Orderly PERP_CRV_USDClong	+0.0097%	8h	0.3604	long leg	$24K	$902	10x
Hyperliquid CRV	+0.0100%	1h	0.3611	+0.203%	$21.9M	$15.0M	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3606	+0.067%	$128K	$179K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRV	+0.0100%	1h	0.3604	+0.005%	$366K	$198K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3606	+0.068%	$24.9M	$53.8M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3604	0.000%	$27.3M	$17.6M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3608	+0.111%	$8.7M	$20.1M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3604	0.000%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3608	+0.111%	$14.0M	$5.3M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3604	0.000%	$6.2M	$8.7M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3608	+0.111%	$6.7M	$5.1M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3606	+0.055%	—	$23.5M	—	as long as short
Variational Omni CRV	+0.0100%	8h	0.3603	−0.032%	$1.1M	$102K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3596	−0.231%	$37K	$173K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3600	−0.112%	$507K	$433K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3595	−0.250%	$52K	$685K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3648	+1.221%	$2K	$1.2M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3606	+0.057%	$235K	$476K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3606	+0.066%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3595	−0.250%	$1.4M	$3.9M	75x	as long as short
Coinbase International CRV-PERP-INTX	+0.0384%	1h	0.3611	+0.194%	$376K	$4.0M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0416% / S −0.0177%	1h	0.3603	−0.038%	$211K	—	100x	as long as short
Kraken Futures PF_CRVUSD	+0.0701%	1h	0.3610	+0.169%	$3.0M	$2.5M	50x	as long as short