Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.066%
Price spread now: ApeX Omni against Phoenix−0.470%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$660.664% of the position
Funding, last 7 days+0.582%+$58 on $10k
+Price spread, last 4 days (all we have)+0.514%+$51 · spread now −0.470%, 7d avg +0.026%
=Funding pays, the price is against you. ApeX Omni is 0.496% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.470% now, against its 7-day average of +0.026%). If the spread goes back, that is −$50 on $10k: about 30 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.582% in total) that is about 6.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3597 | 0.0044 | pay 0.0006% / 1h | 56m 30s | $26K | $173K | 10x |
| Short | ApeX Omni CRVUSDT | 0.3580 | 0.0100 | get 0.0013% / 1h | 56m 30s | $54K | $684K | 50x |
Phoenix CRV
ApeX Omni CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- $11.76
- Price spread: −0.470% → +0.026%
- −$49.6
- Slippage, 4 orders
- −$49.42
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$104.25
- Costs to cover
- 0.664%
- Break-even
- 69.1 days
Slippage from Phoenix: live order book, 50 min ago; ApeX Omni: live order book, 57 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 Phoenix live order book, 50 min ago | 1.37 bp | 16.9 bp −$17 | 74.0 bp −$740 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 57 min ago | 8.20 bp | 17.1 bp −$17 | 115.0 bp −$1,150 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3595 | −0.055% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3598 | +0.021% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3607 | +0.281% | $54K | $46K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.032% | $79 | $384K | 12x | as long as short |
| Phoenix CRVlong | +0.0044% | 1h | 0.3597 | long leg | $26K | $173K | 10x | |
| Lighter CRV | +0.0096% | 1h | 0.3598 | +0.025% | $382K | $694K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3599 | +0.050% | $21.4M | $15.7M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3600 | +0.081% | $128K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3599 | +0.072% | $365K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3598 | +0.037% | $24.9M | $55.8M | 75x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRV
Hyperliquid 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 | 0.3595 | −0.053% | $27.3M | $18.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3596 | −0.025% | $8.7M | $19.9M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3601 | +0.114% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3601 | +0.114% | $13.0M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3602 | +0.142% | $6.0M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3598 | +0.031% | $6.7M | $5.2M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3600 | +0.086% | — | $1.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3611 | +0.395% | $95K | $260K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3591 | −0.168% | $1.1M | $94K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3592 | −0.135% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3594 | −0.077% | $505K | $443K | 10x | as long as short |
| ApeX Omni CRVUSDTshort | +0.0100% | 1h | 0.3580 | −0.470% | $54K | $684K | 50x | |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3607 | +0.281% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3658 | +1.699% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3600 | +0.074% | $253K | $494K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3606 | +0.264% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3595 | −0.053% | $1.4M | $4.0M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0416% / S −0.0177% | 1h | 0.3606 | +0.255% | $211K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3609 | +0.336% | $358K | $4.2M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0674% | 1h | 0.3608 | +0.308% | $3.0M | $2.6M | 50x | as long as short |
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
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD