Funding you earn now, next payment 01:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.075%
Price spread now: GMX against Phoenix−0.284%7-day average +0.052% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.364%+$36 on $10k
+Price spread, last 3 days (all we have)+0.428%+$43 · spread now −0.284%, 7d avg +0.052%
=Funding pays, the price is against you. GMX is 0.336% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.284% now, against its 7-day average of +0.052%). If the spread goes back, that is −$34 on $10k: about 4.7 days of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3639 | −0.0066 | get 0.0008% / 1h | 49m 21s | $26K | $162K | 10x |
| Short | GMX CRV/USD [ETH-USDC] | 0.3629 | L +0.0416% / S −0.0174% | get 0.0022% / 1h | 49m 21s | $216K | — | 100x |
Phoenix CRV
GMX CRV/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $50.42
- Price spread: −0.284% → +0.052%
- −$33.6
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$2.18
- Costs to cover
- 0.190%
- Break-even
- 7.3 days
Slippage unknown: Phoenix: live order book, 12 min ago; GMX: no order-book sample. Net counts fees only.
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, 12 min ago | 1.38 bp | 17.1 bp −$17 | 75.0 bp −$750 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0300% | 1h | 0.3637 | −0.060% | $56K | $50K | 25x | as long as short |
| ApeX Omni CRVUSDT | −0.0212% | 1h | 0.3624 | −0.418% | $52K | $699K | 50x | as long as short |
| Phoenix CRVlong | −0.0066% | 1h | 0.3639 | long leg | $26K | $162K | 10x | |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3630 | −0.241% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3636 | −0.082% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.846% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3630 | −0.253% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3634 | −0.135% | $381K | $706K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3638 | −0.036% | $22.4M | $16.7M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3636 | −0.080% | $129K | $182K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
ApeX Omni CRVUSDT
Reya CRVRUSDPERP
dYdX CRV-USD
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3636 | −0.091% | $367K | $209K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3629 | −0.270% | $25.2M | $55.8M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3631 | −0.225% | $27.6M | $17.8M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3629 | −0.280% | $8.7M | $21.1M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3633 | −0.170% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3630 | −0.253% | $14.8M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3635 | −0.115% | $6.4M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3635 | −0.115% | $6.9M | $5.5M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3631 | −0.225% | — | $1.7M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3637 | −0.060% | $98K | $299K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3624 | −0.419% | $1.1M | $114K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3613 | −0.720% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3619 | −0.545% | $508K | $419K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3669 | +0.819% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3634 | −0.153% | $237K | $676K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3634 | −0.143% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3623 | −0.445% | $1.4M | $4.1M | 75x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0291% | 1h | 0.3639 | −0.016% | $3.1M | $2.8M | 50x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3637 | −0.060% | $382K | $4.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC]short | L +0.0416% / S −0.0174% | 1h | 0.3629 | −0.284% | $216K | — | 100x |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Kraken Futures PF_CRVUSD
Coinbase International CRV-PERP-INTX