Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.051%
Price spread now: KuCoin against Phoenix−0.224%78s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as 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−$660.660% of the position
Funding, last 7 days+0.528%+$53 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.224%, 7d avg +0.015%
=Funding pays, the price is against you. KuCoin is 0.239% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.224% now, against its 7-day average of +0.015%). If the spread goes back, that is −$24 on $10k: about 8.0 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.528% in total) that is about 3.2 days. The two prices were read 78 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 | 0.3615 | 0 | get 0.0000% / 1h | 10m 04s | $26K | $163K | 10x |
| Short | KuCoin CRVUSDTM | 0.3607 | 0.0100 | get 0.0100% / 8h | 4h 10m | $6.6M | $8.0M | 50x |
Phoenix CRV
KuCoin CRVUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.224% → +0.015%
- −$23.94
- Slippage, 4 orders
- −$47.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$68.96
- Costs to cover
- 0.660%
- Break-even
- 30.0 days
Slippage from Phoenix: live order book, 25 min ago; KuCoin: live order book, 1 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, 25 min ago | 1.12 bp | 12.9 bp −$13 | 51.9 bp −$519 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 4.16 bp | 20.2 bp −$20 | 90.9 bp −$909 | 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 | −0.0132% | 8h | 0.3601 | −0.404% | $1.1M | $105K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3605 | −0.292% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3606 | −0.239% | $41K | $13K | 10x | as long as short |
| Phoenix CRVlong | 0.0000% | 1h | 0.3615 | long leg | $26K | $163K | 10x | |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3606 | −0.252% | $55K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.519% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3607 | −0.224% | $399K | $589K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3611 | −0.104% | $139K | $130K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3607 | −0.228% | $378K | $201K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3612 | −0.090% | $25.0M | $51.0M | 75x | as long as short |
Variational Omni CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3608 | −0.196% | $27.0M | $17.9M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3610 | −0.141% | $8.7M | $18.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3608 | −0.196% | $1.8M | $1.1M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3605 | −0.279% | $12.7M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTMshort | +0.0100% | 8h | 0.3607 | −0.224% | $6.6M | $8.0M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3609 | −0.169% | $6.8M | $4.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3604 | −0.307% | — | $40.0M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3613 | −0.052% | $37K | $169K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3619 | +0.108% | $514K | $401K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3612 | −0.086% | $52K | $663K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3606 | −0.252% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3668 | +1.463% | $2K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3604 | −0.300% | $258K | $531K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3606 | −0.250% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3603 | −0.335% | $1.3M | $3.2M | 75x | as long as short |
| Backpack CRV_USDC_PERP | +0.0313% | 1h | 0.3609 | −0.163% | $95K | $222K | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0416% | 1h | 0.3608 | −0.196% | $361K | $4.0M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0178% | 1h | 0.3605 | −0.266% | $212K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0682% | 1h | 0.3613 | −0.061% | $22.0M | $16.2M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0685% | 1h | 0.3611 | −0.102% | $3.1M | $2.1M | 50x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
Bitget CRVUSDT
BingX CRV-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Backpack CRV_USDC_PERP
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV
Kraken Futures PF_CRVUSD