Funding you earn now, next payment 02:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h +0.068%
Price spread now: GRVT against Phoenix−0.150%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$346as in the Price arb table
costs, in and out, $10k−$3313.309% of the position
Funding, last 7 days+0.605%+$61 on $10k
+Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.150%, 7d avg −0.003%
=Together, before fees+0.770%+ Points / potential airdropGRVT: Active · farm board+$77 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.147% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of −0.003%). If the spread goes back, that is −$15 on $10k: about 3.0 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3648 | −0.0065 | get 0.0008% / 1h | 41m 46s | $26K | $168K | 10x |
| Short | GRVT CRV_USDT_Perp | 0.3643 | 0.0100 | get 0.0100% / 8h | 5h 41m | $514K | $429K | 10x |
Phoenix CRV
GRVT CRV_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $34.72
- Price spread: −0.150% → −0.003%
- −$14.69
- Slippage, 4 orders
- −$314.93
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$310.9
- Costs to cover
- 3.309%
- Break-even
- 69.7 days
Slippage from Phoenix: live order book, 14 min ago; GRVT: live order book, 21 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, 14 min ago | 1.09 bp | 12.7 bp −$13 | 51.7 bp −$517 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 21 min ago | 13.64 bp | 195.0 bp −$195 | 414.3 bp −$4,143 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRVlong | −0.0065% | 1h | 0.3648 | long leg | $26K | $168K | 10x | |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3654 | +0.151% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3656 | +0.203% | $38K | $7K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3654 | +0.153% | $55K | $49K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.592% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3654 | +0.153% | $24K | $902 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3641 | −0.195% | $384K | $705K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3646 | −0.077% | $22.1M | $15.1M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3650 | +0.039% | $130K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3644 | −0.122% | $370K | $198K | 10x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid 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 | 0.3642 | −0.177% | $25.2M | $54.2M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3646 | −0.066% | $27.7M | $17.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3641 | −0.203% | $8.8M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3650 | +0.044% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3644 | −0.121% | $14.6M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3653 | +0.126% | $6.3M | $8.8M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3644 | −0.121% | $6.8M | $5.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3648 | −0.011% | — | $23.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3655 | +0.186% | $101K | $296K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3651 | +0.081% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3645 | −0.098% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perpshort | +0.0100% | 8h | 0.3643 | −0.150% | $514K | $429K | 10x | |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3642 | −0.175% | $52K | $688K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3699 | +1.387% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3642 | −0.181% | $242K | $475K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3653 | +0.131% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3658 | +0.263% | $1.4M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0344% | 1h | 0.3650 | +0.044% | $383K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0371% | 1h | 0.3658 | +0.254% | $3.1M | $2.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0435% / S −0.0189% | 1h | 0.3655 | +0.181% | $221K | — | 100x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD
GMX CRV/USD [ETH-USDC]