Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0148%/8h= +16.3% APRpaid last 24h +0.025%

Price spread now: GRVT against Reya−0.080%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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.080% cheaper against Reya than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 43 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya CRVRUSDPERP	0.3643	−0.0048	get 0.0006% / 1h	23m 25s	$16	—	15x
Short	GRVT CRV_USDT_Perp	0.3640	0.0100	get 0.0100% / 8h	6h 23m	$510K	$427K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.080%Rate

Funding earned: $31.18
Price spread: −0.080% → 0.000%: −$7.99
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $8.18
Costs to cover: 0.150%
Break-even: 5.2 days

Slippage unknown: Reya: no order-book sample; GRVT: live order book, 44 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 GRVT live order book, 44 min ago	13.60 bp	136.3 bp −$136	304.4 bp −$3,044	doesn't fit	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 29 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 CRV	−0.0066%	1h	0.3630	−0.354%	$26K	$162K	10x	as long as short
Reya CRVRUSDPERPlong	−0.0048%	1h	0.3643	long leg	$16	—	15x
dYdX CRV-USD	0.0000%	1h	0.3642	−0.029%	$38K	$6K	10x	as long as short
Deribit CRV_USDC-PERPETUAL	0.0000%	1h	0.3650	+0.195%	$56K	$50K	25x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+0.744%	$79	$384K	12x	as long as short
Orderly PERP_CRV_USDC	+0.0095%	8h	0.3648	+0.140%	$24K	$979	10x	as long as short
Lighter CRV	+0.0096%	1h	0.3640	−0.083%	$384K	$713K	10x	as long as short
Hyperliquid CRV	+0.0100%	1h	0.3647	+0.101%	$22.2M	$15.3M	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3642	−0.022%	$130K	$182K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3641	−0.058%	$367K	$196K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRVUSDT	+0.0100%	8h	0.3647	+0.104%	$25.2M	$55.6M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3646	+0.085%	$27.7M	$17.9M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3649	+0.167%	$8.8M	$21.1M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3641	−0.052%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3644	+0.030%	$14.9M	$5.3M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3641	−0.052%	$6.3M	$9.1M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3651	+0.222%	$6.8M	$5.5M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3646	+0.085%	—	$23.6M	—	as long as short
Backpack CRV_USDC_PERP	+0.0100%	1h	0.3633	−0.264%	$97K	$300K	10x	as long as short
Variational Omni CRV	+0.0100%	8h	0.3636	−0.192%	$1.1M	$113K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3629	−0.386%	$37K	$172K	20x	as long as short
GRVT CRV_USDT_Perpshort	+0.0100%	8h	0.3640	−0.080%	$510K	$427K	10x
ApeX Omni CRVUSDT	+0.0100%	1h	0.3642	−0.025%	$53K	$688K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3700	+1.567%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3648	+0.127%	$237K	$483K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3648	+0.149%	$13K	$6K	3x	as long as short
Kraken Futures PF_CRVUSD	+0.0290%	1h	0.3653	+0.269%	$3.1M	$2.7M	50x	as long as short
Coinbase International CRV-PERP-INTX	+0.0376%	1h	0.3653	+0.277%	$382K	$4.2M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0456% / S −0.0203%	1h	0.3646	+0.089%	$232K	—	100x	as long as short