Funding you earn now, next payment 21:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.066%
Price spread now: Gate against Phoenix+0.036%92s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$970.969% of the position
Funding, last 7 days+0.537%+$54 on $10k
+Price spread, last 3 days (all we have)−0.565%−$56 · spread now +0.036%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.027% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.008%. The two prices were read 92 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 | 0.3627 | 0 | get 0.0000% / 1h | 7m 56s | $26K | $193K | 10x |
| Short | Gate CRV_USDT | 0.3628 | 0.0100 | get 0.0100% / 8h | 2h 07m | $2.0M | $1.3M | 50x |
Phoenix CRV
Gate CRV_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $21
- Price spread: +0.036% → +0.008%
- $2.74
- Slippage, 4 orders
- −$74.89
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$73.15
- Costs to cover
- 0.969%
- Break-even
- 31.4 days
Slippage from Phoenix: live order book, 9 min ago; Gate: live order book, 5 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, 9 min ago | 1.38 bp | 17.1 bp −$17 | 75.1 bp −$751 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 1.38 bp | 34.4 bp −$34 | 138.5 bp −$1,385 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0852% | 1h | 0.3625 | −0.047% | $56K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | +0.091% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3625 | −0.050% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3628 | +0.047% | $37K | $4K | 10x | as long as short |
| Phoenix CRVlong | 0.0000% | 1h | 0.3627 | long leg | $26K | $193K | 10x | |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3627 | +0.008% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3626 | −0.011% | $411K | $704K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3628 | +0.048% | $130K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3629 | +0.060% | $369K | $177K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3624 | −0.069% | $25.3M | $58.2M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3625 | −0.047% | $27.5M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3624 | −0.074% | $8.6M | $22.4M | 50x | as long as short |
| Gate CRV_USDTshort | +0.0100% | 8h | 0.3628 | +0.036% | $2.0M | $1.3M | 50x | |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3626 | −0.019% | $14.5M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3630 | +0.091% | $7.0M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3628 | +0.036% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3625 | −0.047% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3625 | −0.035% | $1.1M | $154K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3623 | −0.097% | $37K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3628 | +0.046% | $505K | $450K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3623 | −0.102% | $60K | $693K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3674 | +1.304% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3624 | −0.074% | $241K | $886K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3626 | −0.006% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0164% | 1h | 0.3631 | +0.118% | $3.1M | $3.5M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3627 | +0.008% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0262% | 1h | 0.3632 | +0.157% | $22.3M | $17.1M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3624 | −0.074% | $386K | $4.8M | 50x | as long as short |
| Backpack CRV_USDC_PERP | +0.0399% | 1h | 0.3629 | +0.074% | $104K | $362K | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0400% / S −0.0160% | 1h | 0.3628 | +0.031% | $215K | — | 100x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
Backpack CRV_USDC_PERP
GMX CRV/USD [ETH-USDC]