Funding you earn now, next payment 07:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.094%
Price spread now: BloFin against Phoenix−0.171%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs+$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$580.578% of the position
Funding, last 7 days+0.747%+$75 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.171%, 7d avg −0.024%
=Funding pays, the price is against you. BloFin is 0.148% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of −0.024%). If the spread goes back, that is −$15 on $10k: about 2.2 days of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3560 | 0 | get 0.0000% / 1h | 36m 31s | $25K | $187K | 10x |
| Short | BloFin CRV-USDT | 0.3554 | 0.0220 | get 0.0220% / 8h | 36m 31s | $1.3M | $3.9M | 75x |
Phoenix CRV
BloFin CRV-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $46.2
- Price spread: −0.171% → −0.024%
- −$14.78
- Slippage, 4 orders
- −$38.8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$26.38
- Costs to cover
- 0.578%
- Break-even
- 11.0 days
Slippage from Phoenix: live order book, 60 min ago; BloFin: 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 Phoenix live order book, 60 min ago | 1.12 bp | 12.7 bp −$13 | 51.7 bp −$517 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 4.22 bp | 18.4 bp −$18 | 31.7 bp −$317 | 113.0 bp −$11.3K | 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 | 0.3552 | −0.217% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0031% | 1h | 0.3553 | −0.199% | $53K | $46K | 25x | as long as short |
| Backpack CRV_USDC_PERP | −0.0027% | 1h | 0.3557 | −0.096% | $93K | $272K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3551 | −0.252% | $37K | $8K | 10x | as long as short |
| Phoenix CRVlong | 0.0000% | 1h | 0.3560 | long leg | $25K | $187K | 10x | |
| Variational Omni CRV | +0.0033% | 8h | 0.3566 | +0.160% | $1.1M | $94K | — | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.087% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3549 | −0.298% | $374K | $697K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3553 | −0.197% | $20.7M | $16.6M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3553 | −0.195% | $114K | $193K | 10x | as long as short |
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
Backpack CRV_USDC_PERP
dYdX CRV-USD
Variational Omni CRV
Injective CRV/USDC PERP
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 | 0.3550 | −0.288% | $360K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3549 | −0.302% | $24.5M | $57.7M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3547 | −0.368% | $26.8M | $19.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3551 | −0.256% | $8.6M | $20.3M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3552 | −0.228% | $1.8M | $1.2M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3549 | −0.312% | $12.1M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3551 | −0.256% | $6.5M | $8.4M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3551 | −0.256% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3551 | −0.256% | — | $1.7M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3561 | +0.012% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3563 | +0.072% | $496K | $430K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3571 | +0.306% | $53K | $670K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3554 | −0.171% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3635 | +2.104% | $1K | $1.3M | 20x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3554 | −0.176% | $13K | $6K | 3x | as long as short |
| Extended CRV-USD | +0.0152% | 1h | 0.3548 | −0.353% | $250K | $509K | 25x | as long as short |
| BloFin CRV-USDTshort | +0.0220% | 8h | 0.3554 | −0.171% | $1.3M | $3.9M | 75x | |
| Coinbase International CRV-PERP-INTX | +0.0400% | 1h | 0.3565 | +0.138% | $355K | $4.3M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0413% / S −0.0177% | 1h | 0.3553 | −0.195% | $208K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0747% | 1h | 0.3557 | −0.090% | $3.0M | $2.7M | 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-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Aevo CRV-PERP
Extended CRV-USD
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD