Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Bybit+0.075%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.075% dearer against Bybit than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRVUSDT	0.3577	0.0100	pay 0.0100% / 8h	1h 22m	$27.0M	$19.7M	75x
Short	dYdX CRV-USD	0.3580	0	get 0.0000% / 1h	22m 18s	$37K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$21
Price spread: +0.075% → 0.000%: $7.49
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$34.51
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; dYdX: 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 Bybit live order book, 1 min ago	1.40 bp	11.6 bp −$12	26.8 bp −$268	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Reya CRVRUSDPERP	−0.0048%	1h	0.3580	+0.082%	$15	—	15x	as long as short
Phoenix CRV	−0.0045%	1h	0.3586	+0.257%	$26K	$187K	10x	as long as short
Backpack CRV_USDC_PERP	−0.0011%	1h	0.3583	+0.171%	$97K	$216K	10x	as long as short
dYdX CRV-USDshort	0.0000%	1h	0.3580	+0.075%	$37K	$8K	10x
Deribit CRV_USDC-PERPETUAL	0.0000%	1h	0.3580	+0.084%	$54K	$45K	25x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+2.600%	$79	$384K	12x	as long as short
Variational Omni CRV	+0.0052%	8h	0.3575	−0.045%	$1.1M	$94K	—	as long as short
Lighter CRV	+0.0096%	1h	0.3578	+0.022%	$378K	$717K	10x	as long as short
Hyperliquid CRV	+0.0100%	1h	0.3583	+0.154%	$20.9M	$16.7M	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3581	+0.122%	$115K	$193K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRV	+0.0100%	1h	0.3581	+0.100%	$363K	$198K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3581	+0.110%	$24.7M	$57.5M	75x	as long as short
Bybit CRVUSDTlong	+0.0100%	8h	0.3577	long leg	$27.0M	$19.7M	75x
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3580	+0.084%	$8.7M	$20.4M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3581	+0.112%	$1.8M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3580	+0.084%	$12.5M	$5.7M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3581	+0.112%	$5.9M	$8.2M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3582	+0.140%	$6.7M	$5.4M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3580	+0.084%	—	$23.5M	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3568	−0.238%	$37K	$173K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3574	−0.088%	$506K	$435K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3573	−0.112%	$53K	$680K	50x	as long as short
Orderly PERP_CRV_USDC	+0.0100%	8h	0.3579	+0.056%	$24K	$928	10x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3651	+2.069%	$1K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3578	+0.032%	$255K	$511K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3579	+0.068%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3584	+0.196%	$1.3M	$3.9M	75x	as long as short
Coinbase International CRV-PERP-INTX	+0.0384%	1h	0.3585	+0.224%	$351K	$4.4M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0414% / S −0.0177%	1h	0.3582	+0.127%	$209K	—	100x	as long as short
Kraken Futures PF_CRVUSD	+0.0559%	1h	0.3584	+0.198%	$3.0M	$2.8M	50x	as long as short