Funding you earn now, next payment 23:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.068%
Price spread now: Bitget against Phoenix+0.106%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days+0.596%+$60 on $10k
+Price spread, last 3 days (all we have)−0.349%−$35 · spread now +0.106%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.108% dearer against Phoenix than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3680 | −0.0108 | get 0.0014% / 1h | 33m 03s | $26K | $176K | 10x |
| Short | Bitget CRVUSDT | 0.3684 | 0.0100 | get 0.0100% / 8h | 33m 03s | $6.9M | $5.6M | 75x |
Phoenix CRV
Bitget CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.106% → −0.002%
- $10.75
- Slippage, 4 orders
- −$44.13
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$8.6
- Costs to cover
- 0.631%
- Break-even
- 8.4 days
Slippage from Phoenix: live order book, 38 min ago; Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 5.41 bp | 18.2 bp −$18 | 31.9 bp −$319 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | −0.274% | $79 | $384K | 12x | as long as short |
| Phoenix CRVlong | −0.0108% | 1h | 0.3680 | long leg | $26K | $176K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3682 | +0.053% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0022% | 1h | 0.3681 | +0.024% | $57K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3680 | −0.001% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3681 | +0.024% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3681 | +0.022% | $417K | $731K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3681 | +0.034% | $132K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3680 | −0.016% | $374K | $205K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3680 | −0.006% | $25.9M | $56.4M | 75x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
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 | 0.3681 | +0.024% | $28.1M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3679 | −0.030% | $8.8M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3684 | +0.106% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3680 | −0.003% | $14.5M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3683 | +0.079% | $7.4M | $9.1M | 50x | as long as short |
| Bitget CRVUSDTshort | +0.0100% | 8h | 0.3684 | +0.106% | $6.9M | $5.6M | 75x | |
| BingX CRV-USDT | +0.0100% | 8h | 0.3681 | +0.024% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3683 | +0.081% | $1.1M | $110K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3689 | +0.244% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3693 | +0.362% | $522K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3683 | +0.079% | $61K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3696 | +0.432% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3678 | −0.061% | $245K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3680 | −0.003% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0155% | 1h | 0.3684 | +0.099% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3680 | −0.003% | $1.4M | $4.4M | 75x | as long as short |
| Hyperliquid CRV | +0.0315% | 1h | 0.3684 | +0.120% | $22.9M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3686 | +0.160% | $390K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0455% / S −0.0196% | 1h | 0.3683 | +0.089% | $239K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0645% | 1h | 0.3684 | +0.114% | $107K | $305K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
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