Funding you earn now, next payment 02:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.007%
Price spread now: GMX against Bitget+0.089%54s7-day average +0.035% · 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)+0.092%+$9 on $10k
+Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.089%, 7d avg +0.035%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.054% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.035%. The two prices were read 54 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 | Bitget CRVUSDT | 0.3607 | 0.0100 | pay 0.0100% / 8h | 6h 45m | $6.8M | $5.6M | 75x |
| Short | GMX CRV/USD [ETH-USDC] | 0.3610 | L +0.0450% / S −0.0199% | get 0.0025% / 1h | 45m 22s | $230K | — | 100x |
Bitget CRVUSDT
GMX CRV/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bitget. 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
- $20.78
- Price spread: +0.089% → +0.035%
- $5.38
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $2.15
- Costs to cover
- 0.240%
- Break-even
- 6.3 days
Slippage unknown: Bitget: live order book, 3 min ago; GMX: 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 Bitget live order book, 3 min ago | 4.14 bp | 17.1 bp −$17 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | −0.1688% | 1h | 0.3605 | −0.055% | $55K | $50K | 25x | as long as short |
| ApeX Omni CRVUSDT | −0.0134% | 1h | 0.3617 | +0.277% | $52K | $700K | 50x | as long as short |
| Phoenix CRV | −0.0066% | 1h | 0.3639 | +0.893% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3603 | −0.112% | $15 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3610 | +0.096% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.747% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3605 | −0.055% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3605 | −0.044% | $378K | $706K | 10x | as long as short |
| Backpack CRV_USDC_PERP | +0.0098% | 1h | 0.3613 | +0.155% | $97K | $299K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3610 | +0.076% | $128K | $182K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
ApeX Omni CRVUSDT
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Backpack CRV_USDC_PERP
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3608 | +0.014% | $364K | $209K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3605 | −0.061% | $25.0M | $55.8M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3605 | −0.055% | $27.4M | $17.9M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3603 | −0.111% | $8.7M | $21.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3606 | −0.028% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3604 | −0.083% | $14.7M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3608 | +0.028% | $6.4M | $9.2M | 50x | as long as short |
| Bitget CRVUSDTlong | +0.0100% | 8h | 0.3607 | long leg | $6.8M | $5.6M | 75x | |
| BingX CRV-USDC | +0.0100% | 8h | 0.3605 | −0.055% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3607 | −0.002% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3616 | +0.248% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3631 | +0.668% | $509K | $419K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3652 | +1.248% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3605 | −0.068% | $236K | $658K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3612 | +0.128% | $13K | $6K | 3x | as long as short |
| Hyperliquid CRV | +0.0111% | 1h | 0.3610 | +0.097% | $22.2M | $16.7M | 10x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3634 | +0.749% | $1.4M | $4.1M | 75x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0293% | 1h | 0.3615 | +0.221% | $3.0M | $2.8M | 50x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3616 | +0.250% | $379K | $4.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC]short | L +0.0450% / S −0.0199% | 1h | 0.3610 | +0.089% | $230K | — | 100x |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Hyperliquid CRV
BloFin CRV-USDT
Kraken Futures PF_CRVUSD
Coinbase International CRV-PERP-INTX