Funding you earn now, next payment 23:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.068%
Price spread now: Aster against Phoenix−0.614%95s7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1131.130% of the position
Funding, last 7 days+0.611%+$61 on $10k
+Price spread, last 3 days (all we have)+0.379%+$38 · spread now −0.614%, 7d avg +0.027%
=Together, before fees+0.991%+ Points / potential airdropAster: Stage 5 · farm board+$99 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.642% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.614% now, against its 7-day average of +0.027%). If the spread goes back, that is −$64 on $10k: about 10 days of funding at the current rate (+$6 a day). The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3700 | −0.0108 | get 0.0014% / 1h | 33m 46s | $26K | $176K | 10x |
| Short | Aster CRVUSDT | 0.3678 | 0.0100 | get 0.0100% / 8h | 33m 46s | $131K | $186K | 10x |
Phoenix CRV
Aster CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- $43.78
- Price spread: −0.614% → +0.027%
- −$64.16
- Slippage, 4 orders
- −$97.99
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$133.37
- Costs to cover
- 1.130%
- Break-even
- 28.3 days
Slippage from Phoenix: live order book, 38 min ago; Aster: live order book, 43 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, 38 min ago | 1.09 bp | 14.0 bp −$14 | 58.0 bp −$580 | doesn't fit | doesn't fit |
| Sell Aster live order book, 43 min ago | 13.64 bp | 39.8 bp −$40 | 331.7 bp −$3,317 | 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 | −0.0294% | 1h | 0.3677 | −0.632% | $57K | $49K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | −0.822% | $79 | $384K | 12x | as long as short |
| Phoenix CRVlong | −0.0108% | 1h | 0.3700 | long leg | $26K | $176K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3677 | −0.643% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3683 | −0.469% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3677 | −0.632% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3679 | −0.576% | $416K | $731K | 10x | as long as short |
| Aster CRVUSDTshort | +0.0100% | 8h | 0.3678 | −0.614% | $131K | $186K | 10x | |
| Pacifica CRV | +0.0100% | 1h | 0.3680 | −0.560% | $374K | $205K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3677 | −0.632% | $25.9M | $56.4M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
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 | 0.3677 | −0.632% | $28.1M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3675 | −0.686% | $8.8M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3679 | −0.578% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3677 | −0.632% | $14.5M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3681 | −0.524% | $7.4M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3679 | −0.578% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3677 | −0.632% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3683 | −0.468% | $1.1M | $110K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3689 | −0.306% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3693 | −0.189% | $522K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3686 | −0.389% | $61K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3690 | −0.281% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3677 | −0.636% | $245K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3679 | −0.587% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0155% | 1h | 0.3681 | −0.532% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3679 | −0.578% | $1.4M | $4.4M | 75x | as long as short |
| Hyperliquid CRV | +0.0326% | 1h | 0.3683 | −0.465% | $22.9M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3680 | −0.551% | $389K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0454% / S −0.0196% | 1h | 0.3678 | −0.594% | $238K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0660% | 1h | 0.3681 | −0.513% | $107K | $305K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC 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