Funding you earn now, next payment 05:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.043%
Price spread now: Phoenix against Injective−3.049%7-day average +0.124% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.502%−$50 on $10k
+Price spread, last 4 days (all we have)+3.277%+$328 · spread now −3.049%, 7d avg +0.124%
=Funding pays, the price is against you. Phoenix is 3.173% cheaper against Injective than usual: you would sell low and buy high (spread −3.049% now, against its 7-day average of +0.124%). If the spread goes back, that is −$317 on $10k: about years of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.502%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CRV/USDC PERP | 0.3670 | 0.0033 | pay 0.0004% / 1h | 29m 02s | $79 | $384K | 12x |
| Short | Phoenix CRV | 0.3558 | 0.0045 | get 0.0006% / 1h | 29m 02s | $25K | $177K | 10x |
Injective CRV/USDC PERP
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- $2.38
- Price spread: −3.049% → +0.124%
- −$317.27
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$321.91
- Costs to cover
- 0.070%
- Break-even
- 953.3 days
Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 12 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 12 min ago | 1.41 bp | 17.2 bp −$17 | 63.7 bp −$637 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0114% | 1h | 0.3547 | −3.341% | $93K | $259K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3550 | −3.257% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0032% | 1h | 0.3549 | −3.297% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3553 | −3.177% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERPlong | +0.0033% | 1h | 0.3670 | long leg | $79 | $384K | 12x | |
| Phoenix CRVshort | +0.0045% | 1h | 0.3558 | −3.049% | $25K | $177K | 10x | |
| Variational Omni CRV | +0.0085% | 8h | 0.3546 | −3.380% | $1.1M | $94K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3547 | −3.341% | $376K | $702K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3548 | −3.319% | $20.6M | $16.2M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3547 | −3.342% | $111K | $193K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Variational Omni CRV
Lighter CRV
Hyperliquid CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3551 | −3.234% | $360K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3545 | −3.405% | $24.4M | $56.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3543 | −3.460% | $26.7M | $19.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3544 | −3.433% | $8.7M | $20.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3548 | −3.324% | $1.8M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3548 | −3.324% | $12.6M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3551 | −3.243% | $5.9M | $8.4M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3547 | −3.351% | $6.6M | $5.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3546 | −3.379% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3550 | −3.273% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3555 | −3.127% | $499K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3553 | −3.188% | $53K | $682K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3550 | −3.270% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3624 | −1.253% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3548 | −3.323% | $252K | $494K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3550 | −3.257% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3546 | −3.379% | $1.3M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0413% / S −0.0177% | 1h | 0.3551 | −3.232% | $208K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3560 | −2.997% | $354K | $4.2M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0685% | 1h | 0.3552 | −3.211% | $3.0M | $2.6M | 50x | 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
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD