Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.045%

Price spread now: OKX against Reya−0.041%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 OKX

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. OKX is 0.041% cheaper against Reya than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 22 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	0.3555	−0.0048	get 0.0006% / 1h	34m 16s	$15	—	15x
Short	OKX CRV-USDT-SWAP	0.3554	0.0100	get 0.0100% / 8h	2h 34m	$8.7M	$20.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $31.16
Price spread: −0.041% → 0.000%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $11.05
Costs to cover: 0.160%
Break-even: 4.5 days

Slippage unknown: Reya: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	1.40 bp	15.6 bp −$16	51.2 bp −$512	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 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
Backpack CRV_USDC_PERP	−0.0084%	1h	0.3577	+0.595%	$94K	$259K	10x	as long as short
Reya CRVRUSDPERPlong	−0.0048%	1h	0.3555	long leg	$15	—	15x
Deribit CRV_USDC-PERPETUAL	−0.0031%	1h	0.3552	−0.097%	$54K	$45K	25x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3566	+0.283%	$37K	$8K	10x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+3.221%	$79	$384K	12x	as long as short
Phoenix CRV	+0.0045%	1h	0.3571	+0.437%	$25K	$177K	10x	as long as short
Variational Omni CRV	+0.0095%	8h	0.3565	+0.267%	$1.1M	$94K	—	as long as short
Lighter CRV	+0.0096%	1h	0.3561	+0.150%	$378K	$701K	10x	as long as short
Hyperliquid CRV	+0.0100%	1h	0.3559	+0.105%	$20.7M	$16.2M	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3558	+0.060%	$112K	$193K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRV	+0.0100%	1h	0.3561	+0.152%	$361K	$198K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3554	−0.041%	$24.5M	$56.3M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3551	−0.125%	$26.8M	$19.0M	75x	as long as short
OKX CRV-USDT-SWAPshort	+0.0100%	8h	0.3554	−0.041%	$8.7M	$20.0M	50x
Gate CRV_USDT	+0.0100%	8h	0.3557	+0.043%	$1.8M	$1.4M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3557	+0.043%	$12.8M	$5.6M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3558	+0.071%	$5.9M	$8.4M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3555	−0.013%	$6.6M	$5.3M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3555	−0.013%	—	$23.5M	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3564	+0.243%	$37K	$174K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3566	+0.295%	$501K	$431K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3566	+0.296%	$53K	$682K	50x	as long as short
Orderly PERP_CRV_USDC	+0.0100%	8h	0.3554	−0.041%	$24K	$902	10x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3641	+2.406%	$1K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3558	+0.073%	$253K	$497K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3554	−0.049%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3579	+0.662%	$1.4M	$3.9M	75x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0414% / S −0.0177%	1h	0.3555	−0.020%	$208K	—	100x	as long as short
Coinbase International CRV-PERP-INTX	+0.0432%	1h	0.3583	+0.775%	$361K	$4.2M	50x	as long as short
Kraken Futures PF_CRVUSD	+0.0679%	1h	0.3582	+0.736%	$3.0M	$2.6M	50x	as long as short