Funding you earn now, next payment 23:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.068%
Price spread now: Phoenix against Aster−0.053%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1131.130% of the position
Funding, last 7 days−0.611%−$61 on $10k
+Price spread, last 3 days (all we have)+0.289%+$29 · spread now −0.053%, 7d avg −0.027%
=Together, before fees−0.323%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phoenix is 0.026% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster CRVUSDT | 0.3667 | 0.0100 | pay 0.0100% / 8h | 27m 05s | $131K | $186K | 10x |
| Short | Phoenix CRV | 0.3665 | −0.0108 | pay 0.0014% / 1h | 27m 05s | $26K | $176K | 10x |
Aster CRVUSDT
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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: −0.053% → −0.027%
- −$2.62
- Slippage, 4 orders
- −$97.99
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$159.39
- Costs to cover
- 1.130%
- Break-even
- never at this rate
Slippage from Aster: live order book, 49 min ago; Phoenix: live order book, 44 min ago.
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 Aster live order book, 49 min ago | 13.64 bp | 45.3 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 44 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 | +0.086% | $79 | $384K | 12x | as long as short |
| Phoenix CRVshort | −0.0108% | 1h | 0.3665 | −0.053% | $26K | $176K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3660 | −0.198% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0023% | 1h | 0.3665 | −0.051% | $57K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3660 | −0.193% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3665 | −0.051% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3668 | +0.039% | $415K | $736K | 10x | as long as short |
| Aster CRVUSDTlong | +0.0100% | 8h | 0.3667 | long leg | $131K | $186K | 10x | |
| Pacifica CRV | +0.0100% | 1h | 0.3659 | −0.222% | $369K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3668 | +0.031% | $25.8M | $56.4M | 75x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
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 | 0.3666 | −0.023% | $27.9M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3666 | −0.023% | $8.8M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3665 | −0.051% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3668 | +0.031% | $14.5M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3670 | +0.086% | $7.4M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3673 | +0.167% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3667 | +0.004% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3668 | +0.033% | $1.1M | $110K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3665 | −0.056% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3670 | +0.086% | $519K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3667 | +0.004% | $60K | $698K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3676 | +0.249% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3665 | −0.055% | $244K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3666 | −0.013% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0156% | 1h | 0.3670 | +0.085% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3658 | −0.242% | $1.4M | $4.4M | 75x | as long as short |
| Hyperliquid CRV | +0.0239% | 1h | 0.3674 | +0.189% | $22.9M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3665 | −0.051% | $383K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0437% / S −0.0185% | 1h | 0.3666 | −0.027% | $230K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0621% | 1h | 0.3671 | +0.124% | $107K | $305K | 10x | as long as short |
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
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP