Funding you earn now, next payment 22:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.066%
Price spread now: BingX against Phoenix+0.066%79s7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs+$3as 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−$570.566% of the position
Funding, last 7 days+0.598%+$60 on $10k
+Price spread, last 3 days (all we have)−0.684%−$68 · spread now +0.066%, 7d avg −0.034%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BingX is 0.099% dearer against Phoenix than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.034%. The two prices were read 79 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 | 0.3659 | −0.0176 | get 0.0022% / 1h | 12m 02s | $26K | $181K | 10x |
| Short | BingX CRV-USDT | 0.3661 | 0.0100 | get 0.0100% / 8h | 1h 12m | — | $21.6M | — |
Phoenix CRV
BingX CRV-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $57.99
- Price spread: +0.066% → −0.034%
- $9.95
- Slippage, 4 orders
- −$39.56
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $11.37
- Costs to cover
- 0.566%
- Break-even
- 5.6 days
Slippage from Phoenix: live order book, 65 min ago; BingX: live order book, 6 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, 65 min ago | 1.38 bp | 17.1 bp −$17 | 75.1 bp −$751 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 2.74 bp | 12.8 bp −$13 | 23.9 bp −$239 | 62.7 bp −$6,270 | 290.1 bp −$145.1K |
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 | −0.0296% | 1h | 0.3663 | +0.120% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0228% | 1h | 0.3670 | +0.312% | $79 | $384K | 12x | as long as short |
| Phoenix CRVlong | −0.0176% | 1h | 0.3659 | long leg | $26K | $181K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3662 | +0.093% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3666 | +0.202% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3666 | +0.204% | $3.1M | $3.0M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3663 | +0.120% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3662 | +0.098% | $414K | $707K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3664 | +0.152% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3666 | +0.216% | $369K | $206K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Kraken Futures PF_CRVUSD
Orderly PERP_CRV_USDC
Lighter CRV
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 | 0.3660 | +0.038% | $25.7M | $56.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3660 | +0.038% | $27.8M | $17.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3659 | +0.011% | $8.7M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3665 | +0.175% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3660 | +0.038% | $14.5M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3665 | +0.175% | $7.2M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3662 | +0.093% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDTshort | +0.0100% | 8h | 0.3661 | +0.066% | — | $21.6M | — | |
| Variational Omni CRV | +0.0100% | 8h | 0.3655 | −0.097% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3654 | −0.113% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3660 | +0.037% | $518K | $435K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3658 | −0.016% | $60K | $694K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3690 | +0.858% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3661 | +0.072% | $243K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3663 | +0.120% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3660 | +0.038% | $1.4M | $4.2M | 75x | as long as short |
| Hyperliquid CRV | +0.0371% | 1h | 0.3665 | +0.189% | $22.8M | $16.4M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3665 | +0.175% | $386K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3664 | +0.160% | $217K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0484% | 1h | 0.3667 | +0.227% | $108K | $369K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
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