Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0269%/8h= +29.4% APRpaid last 24h +0.081%

Price spread now: BloFin against Reya−0.190%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. BloFin is 0.190% cheaper against Reya than usual: you would sell low and buy high (spread −0.190% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 2.4 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya CRVRUSDPERP	0.3698	−0.0049	get 0.0006% / 1h	42m 36s	$16	—	15x
Short	BloFin CRV-USDT	0.3691	0.0220	get 0.0220% / 8h	42m 36s	$1.4M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee BloFinbpOrdersPrice spread, now −0.190%Rate

Funding earned: $56.39
Price spread: −0.190% → 0.000%: −$19.04
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $19.35
Costs to cover: 0.180%
Break-even: 4.6 days

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 6 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell BloFin live order book, 6 min ago	8.06 bp	14.1 bp −$14	26.1 bp −$261	111.9 bp −$11.2K	doesn't fit

Reya: 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	−0.0291%	1h	0.3697	−0.028%	$57K	$49K	25x	as long as short
Injective CRV/USDC PERP	−0.0146%	1h	0.3670	−0.758%	$79	$384K	12x	as long as short
Phoenix CRV	−0.0108%	1h	0.3711	+0.342%	$26K	$176K	10x	as long as short
Reya CRVRUSDPERPlong	−0.0049%	1h	0.3698	long leg	$16	—	15x
dYdX CRV-USD	0.0000%	1h	0.3698	−0.001%	$38K	$5K	10x	as long as short
Orderly PERP_CRV_USDC	+0.0096%	8h	0.3699	+0.026%	$25K	$929	10x	as long as short
Lighter CRV	+0.0096%	1h	0.3699	+0.012%	$417K	$720K	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3700	+0.051%	$132K	$186K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3701	+0.082%	$377K	$203K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3698	+0.007%	$26.0M	$56.4M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRVUSDT	+0.0100%	8h	0.3697	−0.028%	$28.3M	$17.1M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3695	−0.082%	$8.8M	$21.7M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3700	+0.053%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3697	−0.028%	$14.6M	$5.2M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3703	+0.134%	$7.5M	$9.1M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3701	+0.080%	$7.0M	$5.7M	75x	as long as short
BingX CRV-USDC	+0.0100%	8h	0.3699	+0.026%	—	$1.7M	—	as long as short
Variational Omni CRV	+0.0100%	8h	0.3711	+0.351%	$1.1M	$110K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3708	+0.270%	$38K	$173K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3710	+0.319%	$525K	$428K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3710	+0.323%	$61K	$698K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3710	+0.323%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3695	−0.073%	$247K	$883K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3698	−0.010%	$19K	$9K	3x	as long as short
Kraken Futures PF_CRVUSD	+0.0155%	1h	0.3702	+0.112%	$3.1M	$3.0M	50x	as long as short
BloFin CRV-USDTshort	+0.0220%	8h	0.3691	−0.190%	$1.4M	$4.5M	75x
Coinbase International CRV-PERP-INTX	+0.0384%	1h	0.3704	+0.161%	$385K	$4.7M	50x	as long as short
Hyperliquid CRV	+0.0391%	1h	0.3706	+0.221%	$23.1M	$16.5M	10x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0453% / S −0.0194%	1h	0.3699	+0.027%	$240K	—	100x	as long as short
Backpack CRV_USDC_PERP	+0.0689%	1h	0.3698	+0.010%	$108K	$305K	10x	as long as short