CRV

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0416%/8h= +45.6% APRnext payment +$0.52 per $10,000 · paid last 24h +0.123%

Price spread now: Coinbase International against Phoenix−0.053%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$640.635% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.579%+$58 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.053%, 7d avg +0.092%

Together, before fees+0.658%+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.145% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.092%). If the spread goes back, that is −$15 on $10k: about 28 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRV	0.3568	0	get 0.0000% / 1h	52m 30s	$25K	$163K	10x
Short	Coinbase International CRV-PERP-INTX	0.3566	0.0416	get 0.0052% / 1h	52m 30s	$355K	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phoenix. 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 PhoenixbpFee Coinbase InternationalbpOrdersPrice spread, now −0.053%Rate

Funding earned: $87.36
Price spread: −0.053% → +0.092%: −$14.53
Slippage, 4 orders: −$46.55
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $9.29
Costs to cover: 0.635%
Break-even: 6.3 days

Slippage from Phoenix: live order book, 47 min ago; Coinbase International: live order book, 4 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, 47 min ago	1.40 bp	17.1 bp −$17	74.7 bp −$747	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	7.00 bp	14.7 bp −$15	20.3 bp −$203	doesn't fit	doesn't fit

CRV on 30 exchanges

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
Variational Omni CRV	−0.0135%	8h	0.3563	−0.150%	$1.1M	$102K	—	as long as short
Reya CRVRUSDPERP	−0.0048%	1h	0.3557	−0.304%	$15	—	15x	as long as short
Deribit CRV_USDC-PERPETUAL	−0.0031%	1h	0.3561	−0.193%	$54K	$45K	25x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3561	−0.206%	$40K	$13K	10x	as long as short
Phoenix CRVlong	0.0000%	1h	0.3568	long leg	$25K	$163K	10x
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+2.862%	$79	$384K	12x	as long as short
Lighter CRV	+0.0096%	1h	0.3561	−0.191%	$386K	$578K	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3562	−0.154%	$139K	$131K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3562	−0.179%	$360K	$189K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3559	−0.249%	$24.6M	$51.3M	75x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRVUSDT	+0.0100%	8h	0.3556	−0.334%	$26.6M	$18.0M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3558	−0.277%	$8.6M	$18.5M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3561	−0.193%	$1.8M	$1.1M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3558	−0.277%	$12.5M	$5.1M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3561	−0.193%	$6.5M	$8.2M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3561	−0.193%	$6.7M	$4.3M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3559	−0.249%	—	$40.0M	—	as long as short
Backpack CRV_USDC_PERP	+0.0100%	1h	0.3566	−0.042%	$92K	$214K	10x	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3568	+0.008%	$37K	$170K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3576	+0.238%	$508K	$377K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3572	+0.115%	$51K	$645K	50x	as long as short
Orderly PERP_CRV_USDC	+0.0100%	8h	0.3562	−0.165%	$24K	$850	10x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3636	+1.909%	$2K	$1.2M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3558	−0.284%	$254K	$529K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3563	−0.135%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3558	−0.277%	$1.3M	$3.4M	75x	as long as short
Hyperliquid CRV	+0.0410%	1h	0.3565	−0.067%	$21.4M	$15.8M	10x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0414% / S −0.0178%	1h	0.3562	−0.166%	$209K	—	100x	as long as short
Coinbase International CRV-PERP-INTXshort	+0.0416%	1h	0.3566	−0.053%	$355K	$3.9M	50x
Kraken Futures PF_CRVUSD	+0.0693%	1h	0.3569	+0.023%	$3.0M	$2.1M	50x	as long as short