Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1221%/8h= +133.7% APRpaid last 24h +0.356%

Price spread now: MEXC against Deribit−0.027%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+1.348%+$135 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.027% cheaper against Deribit than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$37 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CRV_USDC-PERPETUAL	0.3641	−0.1121	get 0.0140% / 1h	2m 15s	$56K	$50K	25x
Short	MEXC CRV_USDT	0.3640	0.0100	get 0.0100% / 8h	7h 02m	$15.0M	$5.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.027%Rate

Funding earned: $256.41
Price spread: −0.027% → 0.000%: −$2.75
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: $242.66
Costs to cover: 0.110%
Break-even: 0.4 days

Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 1 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	1.37 bp	8.5 bp −$9	19.9 bp −$199	76.3 bp −$7,629	118.9 bp −$59.4K

Deribit: 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-PERPETUALlong	−0.1121%	1h	0.3641	long leg	$56K	$50K	25x
Phoenix CRV	−0.0087%	1h	0.3672	+0.857%	$26K	$168K	10x	as long as short
Reya CRVRUSDPERP	−0.0048%	1h	0.3639	−0.043%	$16	—	15x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3644	+0.093%	$38K	$6K	10x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+0.796%	$79	$384K	12x	as long as short
Kraken Futures PF_CRVUSD	+0.0089%	1h	0.3644	+0.079%	$3.1M	$2.8M	50x	as long as short
Lighter CRV	+0.0096%	1h	0.3643	+0.058%	$406K	$728K	10x	as long as short
Orderly PERP_CRV_USDC	+0.0096%	8h	0.3644	+0.082%	$24K	$929	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3639	−0.048%	$129K	$182K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3642	+0.030%	$371K	$211K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRVUSDT	+0.0100%	8h	0.3643	+0.055%	$25.5M	$55.7M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3641	0.000%	$27.8M	$17.6M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3640	−0.027%	$8.7M	$21.1M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3639	−0.055%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDTshort	+0.0100%	8h	0.3640	−0.027%	$15.0M	$5.3M	125x
KuCoin CRVUSDTM	+0.0100%	8h	0.3641	0.000%	$6.5M	$9.1M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3644	+0.082%	$6.9M	$5.6M	75x	as long as short
BingX CRV-USDC	+0.0100%	8h	0.3643	+0.055%	—	$1.7M	—	as long as short
Variational Omni CRV	+0.0100%	8h	0.3665	+0.654%	$1.1M	$114K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3680	+1.084%	$38K	$173K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3670	+0.796%	$518K	$407K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3669	+0.769%	$53K	$698K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3675	+0.934%	$1K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3640	−0.037%	$245K	$780K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3642	+0.037%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3643	+0.055%	$1.4M	$4.2M	75x	as long as short
Hyperliquid CRV	+0.0318%	1h	0.3647	+0.168%	$22.5M	$16.6M	10x	as long as short
Coinbase International CRV-PERP-INTX	+0.0384%	1h	0.3636	−0.137%	$380K	$4.6M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0416% / S −0.0174%	1h	0.3644	+0.080%	$216K	—	100x	as long as short
Backpack CRV_USDC_PERP	+0.0465%	1h	0.3649	+0.225%	$98K	$295K	10x	as long as short