Funding you earn now, next payment 08:00 UTC−0.0126%/8h= −13.8% APRnext payment −$0.16 per $10,000 · paid last 24h −0.058%
Price spread now: Phoenix against Extended−0.459%68s7-day average +0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days−0.579%−$58 on $10k
+Price spread, last 4 days (all we have)+1.372%+$137 · spread now −0.459%, 7d avg +0.085%
=Together, before fees+0.793%+ Points / potential airdropExtended: Active · farm board+$79 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.544% cheaper against Extended than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of +0.085%). Swap the legs. The two prices were read 68 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 | Extended CRV-USD | 0.3569 | 0.0104 | pay 0.0013% / 1h | 24m 16s | $253K | $512K | 25x |
| Short | Phoenix CRV | 0.3553 | −0.0022 | pay 0.0003% / 1h | 24m 16s | $25K | $190K | 10x |
Extended CRV-USD
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- −$26.54
- Price spread: −0.459% → +0.085%
- −$54.39
- Slippage, 4 orders
- −$35.87
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$128.8
- Costs to cover
- 0.479%
- Break-even
- never at this rate
Slippage from Extended: live order book, 8 min ago; Phoenix: live order book, 2 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 Extended live order book, 8 min ago | 4.49 bp | 12.6 bp −$13 | 1081.0 bp −$10.8K | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 2 min ago | 1.13 bp | 12.8 bp −$13 | 44.1 bp −$441 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | −0.0214% | 8h | 0.3571 | +0.048% | $26.9M | $19.5M | 75x | as long as short |
| Backpack CRV_USDC_PERP | −0.0071% | 1h | 0.3563 | −0.188% | $90K | $255K | 10x | as long as short |
| Variational Omni CRV | −0.0049% | 8h | 0.3550 | −0.546% | $1.1M | $106K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3570 | +0.010% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0030% | 1h | 0.3572 | +0.076% | $53K | $46K | 25x | as long as short |
| Phoenix CRVshort | −0.0022% | 1h | 0.3553 | −0.459% | $25K | $190K | 10x | |
| dYdX CRV-USD | 0.0000% | 1h | 0.3562 | −0.209% | $40K | $13K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.821% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3570 | +0.034% | $377K | $684K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3573 | +0.095% | $20.9M | $16.3M | 10x | as long as short |
Bybit CRVUSDT
Backpack CRV_USDC_PERP
Variational Omni CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Lighter CRV
Hyperliquid CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CRVUSDT | +0.0100% | 8h | 0.3571 | +0.051% | $114K | $193K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3561 | −0.233% | $359K | $200K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3571 | +0.050% | $24.6M | $57.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3570 | +0.020% | $8.6M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3570 | +0.020% | $1.8M | $1.2M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3570 | +0.020% | $12.4M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3572 | +0.076% | $6.8M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3574 | +0.132% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3569 | −0.008% | — | $1.7M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3557 | −0.354% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3560 | −0.260% | $497K | $432K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3558 | −0.316% | $52K | $656K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3570 | +0.020% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3649 | +2.233% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USDlong | +0.0104% | 1h | 0.3569 | long leg | $253K | $512K | 25x | |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3570 | +0.022% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3562 | −0.204% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0408% | 1h | 0.3572 | +0.076% | $358K | $4.2M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3570 | +0.027% | $209K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0669% | 1h | 0.3574 | +0.142% | $3.0M | $2.8M | 50x | as long as short |
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD