Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0149%/8h= −16.3% APRpaid last 24h −0.028%

Price spread now: Reya against Variational Omni+0.192%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Reya

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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.192% dearer against Variational Omni than usual: you sell high and buy low (spread +0.192% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRV	0.3659	0.0100	pay 0.0100% / 8h	2h 30m	$1.1M	$152K	—
Short	Reya CRVRUSDPERP	0.3666	−0.0049	pay 0.0006% / 1h	30m 10s	$16	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 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 Variational OmnibpFee ReyabpOrdersPrice spread, now +0.192%Rate

Funding earned: −$31.2
Price spread: +0.192% → 0.000%: $19.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$18.01
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Reya: no order-book sample. 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, 4 min ago	5.49 bp	doesn't fit	33.0 bp −$330	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
Deribit CRV_USDC-PERPETUAL	−0.0295%	1h	0.3666	+0.182%	$57K	$48K	25x	as long as short
Injective CRV/USDC PERP	−0.0103%	1h	0.3630	−0.802%	$78	$265K	12x	as long as short
Reya CRVRUSDPERPshort	−0.0049%	1h	0.3666	+0.192%	$16	—	15x
dYdX CRV-USD	0.0000%	1h	0.3663	+0.109%	$38K	$4K	10x	as long as short
Phoenix CRV	0.0000%	1h	0.3640	−0.534%	$26K	$193K	10x	as long as short
Orderly PERP_CRV_USDC	+0.0095%	8h	0.3666	+0.182%	$24K	$701	10x	as long as short
Lighter CRV	+0.0096%	1h	0.3666	+0.188%	$416K	$695K	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3666	+0.194%	$131K	$186K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3666	+0.175%	$371K	$166K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3667	+0.208%	$25.7M	$58.2M	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	0.3666	+0.182%	$27.9M	$17.3M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3665	+0.155%	$8.7M	$22.6M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3667	+0.209%	$2.0M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3665	+0.155%	$14.6M	$5.7M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3669	+0.264%	$7.1M	$9.2M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3667	+0.209%	$6.9M	$5.8M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3664	+0.127%	—	$21.6M	—	as long as short
Variational Omni CRVlong	+0.0100%	8h	0.3659	long leg	$1.1M	$152K	—
edgeX CRVUSDC	+0.0100%	4h	0.3638	−0.579%	$38K	$172K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3640	−0.538%	$513K	$462K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3641	−0.501%	$60K	$695K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3707	+1.303%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3664	+0.122%	$242K	$885K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3665	+0.154%	$19K	$9K	3x	as long as short
Kraken Futures PF_CRVUSD	+0.0162%	1h	0.3668	+0.239%	$3.1M	$3.5M	50x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3658	−0.036%	$1.4M	$4.8M	75x	as long as short
Hyperliquid CRV	+0.0347%	1h	0.3671	+0.332%	$22.6M	$17.0M	10x	as long as short
Coinbase International CRV-PERP-INTX	+0.0384%	1h	0.3672	+0.346%	$391K	$4.9M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0403% / S −0.0160%	1h	0.3666	+0.188%	$217K	—	100x	as long as short
Backpack CRV_USDC_PERP	+0.0509%	1h	0.3670	+0.289%	$105K	$362K	10x	as long as short