Funding you earn now, next payment 22:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.066%
Price spread now: Phoenix against MEXC−0.082%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$460.461% of the position
Funding, last 7 days−0.533%−$53 on $10k
+Price spread, last 3 days (all we have)+0.531%+$53 · spread now −0.082%, 7d avg +0.035%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phoenix is 0.117% cheaper against MEXC than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CRV_USDT | 0.3676 | 0.0100 | pay 0.0100% / 8h | 1h 45m | $14.7M | $5.5M | 125x |
| Short | Phoenix CRV | 0.3673 | −0.0176 | pay 0.0022% / 1h | 45m 19s | $26K | $181K | 10x |
MEXC CRV_USDT
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against MEXC. 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
- −$57.99
- Price spread: −0.082% → +0.035%
- −$11.68
- Slippage, 4 orders
- −$35.07
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$115.74
- Costs to cover
- 0.461%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Phoenix: live order book, 32 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 MEXC live order book, 3 min ago | 1.36 bp | 5.8 bp −$6 | 18.9 bp −$189 | 72.8 bp −$7,278 | 132.4 bp −$66.2K |
| Sell Phoenix live order book, 32 min ago | 1.38 bp | 17.1 bp −$17 | 63.7 bp −$637 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CRV/USDC PERP | −0.0228% | 1h | 0.3620 | −1.523% | $78 | $318K | 12x | as long as short |
| Phoenix CRVshort | −0.0176% | 1h | 0.3673 | −0.082% | $26K | $181K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3677 | +0.019% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0022% | 1h | 0.3681 | +0.136% | $57K | $48K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3677 | +0.016% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3677 | +0.036% | $3.1M | $3.3M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3680 | +0.109% | $25K | $1K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3677 | +0.019% | $416K | $700K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3677 | +0.017% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3676 | +0.013% | $378K | $187K | 10x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Kraken Futures PF_CRVUSD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3678 | +0.058% | $25.8M | $57.6M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3684 | +0.218% | $27.9M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3680 | +0.109% | $8.7M | $22.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3681 | +0.136% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDTlong | +0.0100% | 8h | 0.3676 | long leg | $14.7M | $5.5M | 125x | |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3680 | +0.109% | $7.1M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3683 | +0.190% | $7.0M | $5.7M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3680 | +0.109% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3673 | −0.078% | $1.1M | $137K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3669 | −0.193% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3669 | −0.195% | $511K | $437K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3670 | −0.163% | $60K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3715 | +1.061% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3673 | −0.087% | $243K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3681 | +0.136% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3671 | −0.136% | $1.4M | $4.6M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3674 | −0.054% | $391K | $4.8M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3680 | +0.116% | $218K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0423% | 1h | 0.3679 | +0.087% | $106K | $361K | 10x | as long as short |
| Hyperliquid CRV | +0.0448% | 1h | 0.3682 | +0.166% | $22.8M | $16.8M | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP
Hyperliquid CRV