Funding you earn now, next payment 05:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h +0.033%
Price spread now: dYdX against Phoenix−0.273%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and dYdX is 0.273% cheaper against Phoenix than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3610 | 0.0045 | pay 0.0006% / 1h | 2m 01s | $26K | $177K | 10x |
| Short | dYdX CRV-USD | 0.3600 | 0 | get 0.0000% / 1h | 2m 01s | $37K | $8K | 10x |
Phoenix CRV
dYdX CRV-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$9.38
- Price spread: −0.273% → 0.000%
- −$27.31
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$53.7
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 39 min ago; dYdX: no order-book sample. 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 Phoenix live order book, 39 min ago | 1.41 bp | 17.1 bp −$17 | 75.1 bp −$751 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3592 | −0.490% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0028% | 1h | 0.3592 | −0.499% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USDshort | 0.0000% | 1h | 0.3600 | −0.273% | $37K | $8K | 10x | |
| Backpack CRV_USDC_PERP | +0.0021% | 1h | 0.3596 | −0.393% | $94K | $231K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.662% | $79 | $384K | 12x | as long as short |
| Phoenix CRVlong | +0.0045% | 1h | 0.3610 | long leg | $26K | $177K | 10x | |
| Variational Omni CRV | +0.0078% | 8h | 0.3604 | −0.170% | $1.1M | $95K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3592 | −0.507% | $379K | $712K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3597 | −0.371% | $21.1M | $16.5M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3594 | −0.444% | $113K | $193K | 10x | as long as short |
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
Backpack CRV_USDC_PERP
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 | 0.3592 | −0.512% | $364K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3594 | −0.443% | $24.8M | $56.9M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3590 | −0.554% | $27.1M | $19.4M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3594 | −0.443% | $8.7M | $20.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3596 | −0.388% | $1.9M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3593 | −0.471% | $12.7M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3595 | −0.416% | $6.0M | $8.3M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3596 | −0.388% | $6.7M | $5.3M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3592 | −0.499% | — | $1.6M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3606 | −0.123% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3607 | −0.071% | $511K | $445K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3607 | −0.083% | $53K | $681K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3593 | −0.471% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3674 | +1.773% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3591 | −0.528% | $253K | $499K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3593 | −0.485% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3598 | −0.332% | $1.3M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0415% / S −0.0177% | 1h | 0.3593 | −0.470% | $210K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3596 | −0.388% | $357K | $4.4M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0676% | 1h | 0.3596 | −0.388% | $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
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD