Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.066%
Price spread now: Phoenix against KuCoin+0.058%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$970.972% of the position
Funding, last 7 days−0.546%−$55 on $10k
+Price spread, last 4 days (all we have)+0.274%+$27 · spread now +0.058%, 7d avg −0.024%
=The price spread pays, funding is against you. Phoenix is 0.082% dearer against KuCoin than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.024%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.9 days. At the pace of the last 7 days (−0.546% in total) that is about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CRVUSDTM | 0.3629 | 0.0100 | pay 0.0100% / 8h | 3h 17m | $6.1M | $8.5M | 50x |
| Short | Phoenix CRV | 0.3631 | 0.0044 | get 0.0006% / 1h | 17m 20s | $26K | $176K | 10x |
KuCoin CRVUSDTM
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- −$11.76
- Price spread: +0.058% → −0.024%
- $8.2
- Slippage, 4 orders
- −$78.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$100.81
- Costs to cover
- 0.972%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Phoenix: live order book, 29 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 KuCoin live order book, 1 min ago | 1.38 bp | 17.0 bp −$17 | 107.3 bp −$1,073 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 29 min ago | 1.37 bp | 16.9 bp −$17 | 62.9 bp −$629 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3628 | −0.030% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3629 | +0.010% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3627 | −0.055% | $55K | $46K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.130% | $79 | $384K | 12x | as long as short |
| Phoenix CRVshort | +0.0044% | 1h | 0.3631 | +0.058% | $26K | $176K | 10x | |
| Lighter CRV | +0.0096% | 1h | 0.3630 | +0.025% | $384K | $704K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3630 | +0.034% | $129K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3631 | +0.046% | $368K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3628 | −0.014% | $25.2M | $54.9M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3627 | −0.055% | $27.4M | $17.6M | 75x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3628 | −0.028% | $8.8M | $20.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3629 | 0.000% | $1.9M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3628 | −0.028% | $13.4M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTMlong | +0.0100% | 8h | 0.3629 | long leg | $6.1M | $8.5M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3630 | +0.028% | $6.8M | $5.1M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3628 | −0.028% | — | $1.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3631 | +0.050% | $99K | $258K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3624 | −0.141% | $1.1M | $93K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3625 | −0.116% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3630 | +0.028% | $513K | $440K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3624 | −0.138% | $54K | $685K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3629 | 0.000% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3668 | +1.075% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3628 | −0.014% | $257K | $495K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3627 | −0.053% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3621 | −0.220% | $1.4M | $4.0M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0418% / S −0.0177% | 1h | 0.3628 | −0.030% | $212K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0422% | 1h | 0.3634 | +0.149% | $22.0M | $15.0M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3638 | +0.248% | $373K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0725% | 1h | 0.3631 | +0.063% | $3.1M | $2.6M | 50x | as long as short |
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
Bitget CRVUSDT
BingX CRV-USDC
Backpack CRV_USDC_PERP
Variational Omni CRV
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]
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD