Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: Orderly against dYdX−0.198%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Orderly is 0.198% cheaper against dYdX than usual: you would sell low and buy high (spread −0.198% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 6.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX CRV-USD	0.3600	0	get 0.0000% / 1h	1m 47s	$37K	$8K	10x
Short	Orderly PERP_CRV_USDC	0.3593	0.0100	get 0.0100% / 8h	2h 01m	$24K	$902	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against dYdX. 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 dYdXbpFee OrderlybpOrdersPrice spread, now −0.198%Rate

Funding earned: $21
Price spread: −0.198% → 0.000%: −$19.83
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.83
Costs to cover: 0.160%
Break-even: 11.9 days

Slippage unknown: dYdX: no order-book sample; Orderly: 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 dYdX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

dYdX and Orderly: 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	0.3592	−0.217%	$15	—	15x	as long as short
Deribit CRV_USDC-PERPETUAL	−0.0028%	1h	0.3592	−0.226%	$54K	$45K	25x	as long as short
dYdX CRV-USDlong	0.0000%	1h	0.3600	long leg	$37K	$8K	10x
Backpack CRV_USDC_PERP	+0.0021%	1h	0.3596	−0.121%	$94K	$231K	10x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+1.940%	$79	$384K	12x	as long as short
Phoenix CRV	+0.0045%	1h	0.3610	+0.274%	$26K	$177K	10x	as long as short
Variational Omni CRV	+0.0078%	8h	0.3604	+0.104%	$1.1M	$95K	—	as long as short
Lighter CRV	+0.0096%	1h	0.3592	−0.234%	$379K	$712K	10x	as long as short
Hyperliquid CRV	+0.0100%	1h	0.3595	−0.137%	$21.1M	$16.5M	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3592	−0.233%	$113K	$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	0.3592	−0.239%	$364K	$198K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3590	−0.272%	$24.8M	$56.9M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3586	−0.393%	$27.1M	$19.4M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3590	−0.282%	$8.7M	$20.5M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3596	−0.115%	$1.9M	$1.4M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3590	−0.282%	$12.6M	$5.7M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3595	−0.143%	$6.0M	$8.3M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3596	−0.115%	$6.7M	$5.3M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3591	−0.254%	—	$23.5M	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3606	+0.151%	$37K	$174K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3607	+0.203%	$511K	$445K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3607	+0.191%	$53K	$681K	50x	as long as short
Orderly PERP_CRV_USDCshort	+0.0100%	8h	0.3593	−0.198%	$24K	$902	10x
SunX CRV-USDT	+0.0100%	8h	0.3674	+2.052%	$1K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3593	−0.200%	$253K	$499K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3593	−0.212%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3598	−0.059%	$1.3M	$3.9M	75x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0415% / S −0.0177%	1h	0.3593	−0.198%	$210K	—	100x	as long as short
Coinbase International CRV-PERP-INTX	+0.0432%	1h	0.3596	−0.115%	$357K	$4.4M	50x	as long as short
Kraken Futures PF_CRVUSD	+0.0676%	1h	0.3596	−0.115%	$3.0M	$2.7M	50x	as long as short