Funding you earn now, next payment 22:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.066%
Price spread now: Phoenix against SunX−0.851%69s7-day average −0.385% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.613%−$61 on $10k
+Price spread, last 3 days (all we have)+0.767%+$77 · spread now −0.851%, 7d avg −0.385%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phoenix is 0.466% cheaper against SunX than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of −0.385%). Swap the legs. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX CRV-USDT | 0.3690 | 0.0100 | pay 0.0100% / 8h | 1h 12m | $2K | $1.3M | 20x |
| Short | Phoenix CRV | 0.3659 | −0.0176 | pay 0.0022% / 1h | 12m 13s | $26K | $181K | 10x |
SunX CRV-USDT
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- −$57.99
- Price spread: −0.851% → −0.385%
- −$46.64
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$119.63
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 12 min ago; Phoenix: live order book, 65 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 SunX live order book, 12 min ago | 422.08 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 65 min ago | 1.38 bp | 17.1 bp −$17 | 63.7 bp −$637 | doesn't fit | doesn't fit |
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 | −0.0296% | 1h | 0.3663 | −0.732% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0228% | 1h | 0.3670 | −0.542% | $79 | $384K | 12x | as long as short |
| Phoenix CRVshort | −0.0176% | 1h | 0.3659 | −0.851% | $26K | $181K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3662 | −0.759% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3666 | −0.651% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3666 | −0.648% | $3.1M | $3.0M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3663 | −0.732% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3662 | −0.753% | $414K | $707K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3666 | −0.653% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3666 | −0.637% | $369K | $206K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Kraken Futures PF_CRVUSD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3661 | −0.786% | $25.7M | $56.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3661 | −0.786% | $27.8M | $17.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3657 | −0.894% | $8.7M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3666 | −0.650% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3660 | −0.813% | $14.5M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3665 | −0.678% | $7.2M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3665 | −0.678% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3664 | −0.705% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3655 | −0.947% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3654 | −0.963% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3660 | −0.814% | $518K | $435K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3658 | −0.867% | $60K | $694K | 50x | as long as short |
| SunX CRV-USDTlong | +0.0100% | 8h | 0.3690 | long leg | $2K | $1.3M | 20x | |
| Extended CRV-USD | +0.0104% | 1h | 0.3661 | −0.779% | $243K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3663 | −0.732% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3660 | −0.813% | $1.4M | $4.2M | 75x | as long as short |
| Hyperliquid CRV | +0.0373% | 1h | 0.3669 | −0.556% | $22.8M | $16.4M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3665 | −0.678% | $386K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3664 | −0.692% | $217K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0470% | 1h | 0.3666 | −0.642% | $108K | $369K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP