Funding you earn now, next payment 21:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.066%
Price spread now: MEXC against Phoenix−0.229%7-day average −0.035% · 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−$60as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days+0.536%+$54 on $10k
+Price spread, last 3 days (all we have)−0.399%−$40 · spread now −0.229%, 7d avg −0.035%
=Funding pays, the price is against you. MEXC is 0.194% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.229% now, against its 7-day average of −0.035%). If the spread goes back, that is −$19 on $10k: about 6.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.536% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3669 | 0 | get 0.0000% / 1h | 27m 13s | $26K | $193K | 10x |
| Short | MEXC CRV_USDT | 0.3661 | 0.0100 | get 0.0100% / 8h | 2h 27m | $14.6M | $5.7M | 125x |
Phoenix CRV
MEXC CRV_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.229% → −0.035%
- −$19.38
- Slippage, 4 orders
- −$29.93
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$39.31
- Costs to cover
- 0.409%
- Break-even
- 20.1 days
Slippage from Phoenix: live order book, 55 min ago; MEXC: 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, 55 min ago | 1.37 bp | 15.1 bp −$15 | 64.2 bp −$642 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.37 bp | 6.7 bp −$7 | 16.8 bp −$168 | 77.3 bp −$7,728 | 124.5 bp −$62.3K |
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 | −0.0569% | 1h | 0.3660 | −0.256% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | −1.074% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3659 | −0.273% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3660 | −0.247% | $38K | $4K | 10x | as long as short |
| Phoenix CRVlong | 0.0000% | 1h | 0.3669 | long leg | $26K | $193K | 10x | |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3661 | −0.229% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3662 | −0.210% | $416K | $696K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3661 | −0.218% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3662 | −0.211% | $376K | $173K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3660 | −0.246% | $25.6M | $58.3M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3659 | −0.283% | $27.8M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3659 | −0.283% | $8.7M | $22.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3663 | −0.174% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDTshort | +0.0100% | 8h | 0.3661 | −0.229% | $14.6M | $5.7M | 125x | |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3664 | −0.147% | $7.1M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3662 | −0.202% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3660 | −0.256% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3659 | −0.274% | $1.1M | $152K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3657 | −0.338% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3660 | −0.256% | $516K | $462K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3664 | −0.147% | $60K | $694K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3704 | +0.943% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3659 | −0.281% | $243K | $885K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3661 | −0.221% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0162% | 1h | 0.3666 | −0.096% | $3.1M | $3.5M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3659 | −0.283% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0339% | 1h | 0.3667 | −0.057% | $22.6M | $17.1M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3667 | −0.065% | $391K | $4.9M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0402% / S −0.0160% | 1h | 0.3662 | −0.192% | $217K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0494% | 1h | 0.3663 | −0.172% | $105K | $362K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate 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
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP