Funding you earn now, next payment 22:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.066%
Price spread now: Gate against Phoenix+0.057%92s7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as 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−$940.941% of the position
Funding, last 7 days+0.534%+$53 on $10k
+Price spread, last 3 days (all we have)−0.432%−$43 · spread now +0.057%, 7d avg +0.009%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.048% dearer against Phoenix than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.009%. The two prices were read 92 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 | 0.3688 | −0.0176 | get 0.0022% / 1h | 39m 48s | $26K | $181K | 10x |
| Short | Gate CRV_USDT | 0.3690 | 0.0100 | get 0.0100% / 8h | 1h 39m | $2.0M | $1.3M | 50x |
Phoenix CRV
Gate CRV_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.057% → +0.009%
- $4.76
- Slippage, 4 orders
- −$72.1
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$31.35
- Costs to cover
- 0.941%
- Break-even
- 10.8 days
Slippage from Phoenix: live order book, 37 min ago; Gate: live order book, 3 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, 37 min ago | 1.38 bp | 17.1 bp −$17 | 75.1 bp −$751 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 4.07 bp | 31.6 bp −$32 | 138.8 bp −$1,388 | 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 | −0.0228% | 1h | 0.3620 | −1.841% | $78 | $318K | 12x | as long as short |
| Phoenix CRVlong | −0.0176% | 1h | 0.3688 | long leg | $26K | $181K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3680 | −0.215% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0022% | 1h | 0.3681 | −0.187% | $57K | $48K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3681 | −0.181% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3687 | −0.021% | $3.1M | $3.2M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3681 | −0.187% | $25K | $1K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3681 | −0.179% | $416K | $702K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3688 | −0.004% | $132K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3680 | −0.205% | $378K | $187K | 10x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
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 | 0.3687 | −0.026% | $25.9M | $57.2M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3686 | −0.052% | $28.0M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3685 | −0.079% | $8.7M | $22.3M | 50x | as long as short |
| Gate CRV_USDTshort | +0.0100% | 8h | 0.3690 | +0.057% | $2.0M | $1.3M | 50x | |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3686 | −0.052% | $14.8M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3690 | +0.057% | $7.2M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3690 | +0.057% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3687 | −0.024% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3688 | +0.005% | $1.1M | $138K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3685 | −0.075% | $38K | $171K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3675 | −0.348% | $512K | $437K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3676 | −0.323% | $61K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3717 | +0.789% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3686 | −0.057% | $245K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3681 | −0.191% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3682 | −0.160% | $1.4M | $4.5M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3692 | +0.111% | $388K | $4.8M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3682 | −0.162% | $218K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0455% | 1h | 0.3693 | +0.125% | $22.9M | $16.6M | 10x | as long as short |
| Backpack CRV_USDC_PERP | +0.0458% | 1h | 0.3686 | −0.049% | $108K | $362K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV
Backpack CRV_USDC_PERP