Funding you earn now, next payment 06:00 UTC+0.0145%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.060%
Price spread now: ApeX Omni against Phoenix−0.368%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$600.599% of the position
Funding, last 7 days+0.576%+$58 on $10k
+Price spread, last 4 days (all we have)+0.370%+$37 · spread now −0.368%, 7d avg +0.025%
=Funding pays, the price is against you. ApeX Omni is 0.393% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.368% now, against its 7-day average of +0.025%). If the spread goes back, that is −$39 on $10k: about 9.1 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3586 | −0.0045 | get 0.0006% / 1h | 24m 47s | $26K | $187K | 10x |
| Short | ApeX Omni CRVUSDT | 0.3573 | 0.0100 | get 0.0013% / 1h | 24m 47s | $53K | $680K | 50x |
Phoenix CRV
ApeX Omni CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- $30.37
- Price spread: −0.368% → +0.025%
- −$39.27
- Slippage, 4 orders
- −$42.85
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$68.75
- Costs to cover
- 0.599%
- Break-even
- 22.8 days
Slippage from Phoenix: live order book, 12 min ago; ApeX Omni: live order book, 19 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 Phoenix live order book, 12 min ago | 1.12 bp | 12.7 bp −$13 | 51.7 bp −$517 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 19 min ago | 9.74 bp | 17.0 bp −$17 | 108.5 bp −$1,085 | 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 | 0.3580 | −0.175% | $15 | — | 15x | as long as short |
| Phoenix CRVlong | −0.0045% | 1h | 0.3586 | long leg | $26K | $187K | 10x | |
| Backpack CRV_USDC_PERP | −0.0010% | 1h | 0.3588 | +0.061% | $98K | $216K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3577 | −0.266% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0029% | 1h | 0.3589 | +0.078% | $54K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.337% | $79 | $384K | 12x | as long as short |
| Variational Omni CRV | +0.0052% | 8h | 0.3575 | −0.302% | $1.1M | $94K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3582 | −0.114% | $379K | $716K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3586 | −0.014% | $20.9M | $16.6M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3585 | −0.044% | $115K | $195K | 10x | as long as short |
Reya CRVRUSDPERP
Backpack CRV_USDC_PERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
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 | 0.3583 | −0.086% | $364K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3583 | −0.084% | $24.8M | $57.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3580 | −0.173% | $27.0M | $19.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3584 | −0.061% | $8.7M | $20.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3586 | −0.006% | $1.8M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3585 | −0.033% | $12.6M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3586 | −0.006% | $5.9M | $8.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3587 | +0.022% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3584 | −0.061% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3568 | −0.494% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3574 | −0.344% | $506K | $435K | 10x | as long as short |
| ApeX Omni CRVUSDTshort | +0.0100% | 1h | 0.3573 | −0.368% | $53K | $680K | 50x | |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3588 | +0.050% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3658 | +2.002% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3582 | −0.106% | $255K | $511K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3587 | +0.034% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3586 | −0.006% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3591 | +0.134% | $351K | $4.4M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3574 | −0.344% | $209K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0557% | 1h | 0.3593 | +0.184% | $3.0M | $2.8M | 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
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD