Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.028%

Price spread now: Variational Omni against Reya−0.230%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.230% cheaper against Reya than usual: you would sell low and buy high (spread −0.230% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 5.2 days 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	0.3681	−0.0049	get 0.0006% / 1h	0m 12s	$16	—	15x
Short	Variational Omni CRV	0.3673	0.0100	get 0.0100% / 8h	0m 12s	$1.1M	$111K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.230%Rate

Funding earned: $31.19
Price spread: −0.230% → 0.000%: −$23.05
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.14
Costs to cover: 0.060%
Break-even: 6.5 days

Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago	5.46 bp	doesn't fit	30.0 bp −$300	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
Injective CRV/USDC PERP	−0.0146%	1h	0.3670	−0.312%	$79	$384K	12x	as long as short
Phoenix CRV	−0.0108%	1h	0.3661	−0.559%	$26K	$176K	10x	as long as short
Reya CRVRUSDPERPlong	−0.0049%	1h	0.3681	long leg	$16	—	15x
Deribit CRV_USDC-PERPETUAL	−0.0022%	1h	0.3681	−0.013%	$57K	$50K	25x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3681	0.000%	$38K	$5K	10x	as long as short
Lighter CRV	+0.0096%	1h	0.3682	+0.019%	$416K	$739K	10x	as long as short
Orderly PERP_CRV_USDC	+0.0096%	8h	0.3681	−0.013%	$25K	$929	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3683	+0.034%	$131K	$184K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3680	−0.028%	$371K	$208K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3682	+0.003%	$25.8M	$56.3M	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	0.3681	−0.013%	$27.9M	$17.3M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3680	−0.040%	$8.8M	$21.7M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3682	+0.014%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3680	−0.040%	$14.6M	$5.3M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3681	−0.013%	$7.4M	$9.1M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3685	+0.095%	$7.0M	$5.6M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3682	+0.014%	—	$23.4M	—	as long as short
Variational Omni CRVshort	+0.0100%	8h	0.3673	−0.230%	$1.1M	$111K	—
edgeX CRVUSDC	+0.0100%	4h	0.3669	−0.327%	$38K	$173K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3661	−0.566%	$512K	$431K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3670	−0.312%	$60K	$696K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3706	+0.666%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3680	−0.033%	$244K	$882K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3681	0.000%	$19K	$9K	3x	as long as short
Hyperliquid CRV	+0.0129%	1h	0.3687	+0.158%	$22.9M	$16.5M	10x	as long as short
Kraken Futures PF_CRVUSD	+0.0155%	1h	0.3686	+0.135%	$3.1M	$2.9M	50x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3674	−0.203%	$1.4M	$4.4M	75x	as long as short
Coinbase International CRV-PERP-INTX	+0.0384%	1h	0.3687	+0.150%	$389K	$4.7M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0445% / S −0.0192%	1h	0.3683	+0.048%	$233K	—	100x	as long as short
Backpack CRV_USDC_PERP	+0.0529%	1h	0.3683	+0.052%	$107K	$292K	10x	as long as short