Funding you earn now, next payment 05:00 UTC−0.0175%/8h= −19.2% APRpaid last 24h −0.099%
Price spread now: Phoenix against BloFin−0.092%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$600.603% of the position
Funding, last 7 days−0.752%−$75 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.092%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Phoenix is 0.105% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CRV-USDT | 0.3602 | 0.0220 | pay 0.0220% / 8h | 2h 49m | $1.4M | $4.0M | 75x |
| Short | Phoenix CRV | 0.3599 | 0.0045 | get 0.0006% / 1h | 49m 40s | $26K | $177K | 10x |
BloFin CRV-USDT
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- −$36.82
- Price spread: −0.092% → +0.014%
- −$10.54
- Slippage, 4 orders
- −$41.33
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$107.69
- Costs to cover
- 0.603%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Phoenix: live order book, 57 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 BloFin live order book, 4 min ago | 1.39 bp | 12.4 bp −$12 | 26.3 bp −$263 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 57 min ago | 1.37 bp | 16.9 bp −$17 | 62.9 bp −$629 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3585 | −0.474% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0029% | 1h | 0.3584 | −0.500% | $54K | $46K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3588 | −0.380% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.888% | $79 | $384K | 12x | as long as short |
| Phoenix CRVshort | +0.0045% | 1h | 0.3599 | −0.092% | $26K | $177K | 10x | |
| Lighter CRV | +0.0096% | 1h | 0.3586 | −0.444% | $381K | $694K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3588 | −0.394% | $21.2M | $15.7M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3588 | −0.400% | $128K | $178K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3587 | −0.408% | $364K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3586 | −0.444% | $24.8M | $55.6M | 75x | as long as short |
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Lighter CRV
Hyperliquid 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 | 0.3584 | −0.500% | $27.2M | $17.9M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3587 | −0.416% | $8.7M | $19.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3586 | −0.444% | $1.8M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3587 | −0.416% | $12.9M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3587 | −0.416% | $6.0M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3588 | −0.389% | $6.7M | $5.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3586 | −0.444% | — | $23.5M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3585 | −0.458% | $94K | $259K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3600 | −0.059% | $1.1M | $94K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3591 | −0.311% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3595 | −0.181% | $505K | $443K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3593 | −0.250% | $54K | $682K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3585 | −0.472% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3642 | +1.110% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3585 | −0.485% | $254K | $497K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3585 | −0.472% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDTlong | +0.0220% | 8h | 0.3602 | long leg | $1.4M | $4.0M | 75x | |
| GMX CRV/USD [ETH-USDC] | L +0.0415% / S −0.0177% | 1h | 0.3586 | −0.439% | $210K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3597 | −0.139% | $357K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0678% | 1h | 0.3587 | −0.406% | $3.0M | $2.6M | 50x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD