Funding you earn now, next payment 01:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h +0.291%
Price spread now: Phoenix against Deribit+0.300%70s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.821%+$82 on $10k
+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. Phoenix is 0.300% dearer against Deribit than usual: you sell high and buy low (spread +0.300% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days. Mind the row above: over the last 7 days funding on this pair paid +0.821%, so the current rate has only just turned against you. The two prices were read 70 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 | Deribit CRV_USDC-PERPETUAL | 0.3664 | −0.0023 | get 0.0003% / 1h | 54m 26s | $56K | $49K | 25x |
| Short | Phoenix CRV | 0.3675 | −0.0066 | pay 0.0008% / 1h | 54m 26s | $26K | $168K | 10x |
Deribit CRV_USDC-PERPETUAL
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. 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
- −$9.01
- Price spread: +0.300% → 0.000%
- $30.02
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $7.01
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Phoenix: 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 Phoenix live order book, 1 min ago | 1.09 bp | 12.7 bp −$13 | 44.0 bp −$440 | doesn't fit | doesn't fit |
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 29 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CRVUSDT | −0.0154% | 1h | 0.3650 | −0.382% | $53K | $688K | 50x | as long as short |
| Phoenix CRVshort | −0.0066% | 1h | 0.3675 | +0.300% | $26K | $168K | 10x | |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3662 | −0.044% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUALlong | −0.0023% | 1h | 0.3664 | long leg | $56K | $49K | 25x | |
| dYdX CRV-USD | 0.0000% | 1h | 0.3663 | −0.034% | $38K | $7K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.164% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3664 | 0.000% | $24K | $902 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3661 | −0.085% | $385K | $703K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3664 | 0.000% | $22.3M | $15.0M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3664 | −0.007% | $130K | $180K | 10x | as long as short |
ApeX Omni CRVUSDT
Reya CRVRUSDPERP
dYdX CRV-USD
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid CRV
Aster CRVUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3660 | −0.096% | $371K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3662 | −0.055% | $25.3M | $54.3M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3662 | −0.055% | $27.8M | $17.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3664 | 0.000% | $8.8M | $20.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3664 | 0.000% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3664 | 0.000% | $14.7M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3662 | −0.055% | $6.3M | $8.9M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3665 | +0.027% | $6.9M | $5.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3665 | +0.027% | — | $23.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3668 | +0.101% | $97K | $268K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3686 | +0.597% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3653 | −0.294% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3657 | −0.187% | $515K | $416K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3708 | +1.201% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3663 | −0.024% | $243K | $474K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3664 | 0.000% | $13K | $6K | 3x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0344% | 1h | 0.3667 | +0.082% | $385K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0370% | 1h | 0.3670 | +0.152% | $3.1M | $2.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0435% / S −0.0188% | 1h | 0.3663 | −0.028% | $221K | — | 100x | as long as short |
Pacifica CRV
Binance CRVUSDT
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
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD
GMX CRV/USD [ETH-USDC]