Funding you earn now, next payment 23:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.051%
Price spread now: Phoenix against Variational Omni+0.171%7-day average +0.049% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.155%−$16 on $10k
+Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.171%, 7d avg +0.049%
=Together, before fees−0.237%+ Points / potential airdropVariational Omni: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.122% dearer against Variational Omni than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of +0.049%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CRV | 0.3652 | 0.0100 | pay 0.0100% / 8h | 8m 45s | $1.1M | $111K | — |
| Short | Phoenix CRV | 0.3658 | −0.0108 | pay 0.0014% / 1h | 8m 45s | $26K | $176K | 10x |
Variational Omni CRV
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- −$43.78
- Price spread: +0.171% → +0.049%
- $12.2
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$38.58
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, just now; Phoenix: live order book, 63 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 Variational Omni RFQ quote, just now | 5.47 bp | doesn't fit | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 63 min ago | 1.09 bp | 14.0 bp −$14 | 49.3 bp −$493 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | +0.494% | $79 | $384K | 12x | as long as short |
| Phoenix CRVshort | −0.0108% | 1h | 0.3658 | +0.171% | $26K | $176K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3657 | +0.138% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0023% | 1h | 0.3659 | +0.192% | $57K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3661 | +0.246% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3659 | +0.192% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3660 | +0.209% | $414K | $737K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3659 | +0.197% | $130K | $184K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3660 | +0.215% | $369K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3660 | +0.207% | $25.6M | $56.2M | 75x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3660 | +0.220% | $27.8M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3658 | +0.165% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3658 | +0.165% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3659 | +0.192% | $14.5M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3662 | +0.275% | $7.4M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3660 | +0.220% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3659 | +0.192% | — | $21.6M | — | as long as short |
| Variational Omni CRVlong | +0.0100% | 8h | 0.3652 | long leg | $1.1M | $111K | — | |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3660 | +0.218% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3655 | +0.072% | $511K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3659 | +0.192% | $60K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3677 | +0.685% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3658 | +0.159% | $243K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3659 | +0.192% | $19K | $9K | 3x | as long as short |
| Hyperliquid CRV | +0.0146% | 1h | 0.3664 | +0.335% | $22.7M | $16.4M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0156% | 1h | 0.3661 | +0.261% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3657 | +0.138% | $1.4M | $4.4M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3665 | +0.357% | $385K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0173% | 1h | 0.3660 | +0.223% | $220K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0511% | 1h | 0.3661 | +0.261% | $107K | $291K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Hyperliquid CRV
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP