Funding you earn now, next payment 06:00 UTC+0.0145%/8h= +15.8% APRpaid last 24h +0.060%
Price spread now: OKX against Phoenix−0.117%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$580.585% of the position
Funding, last 7 days+0.516%+$52 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.117%, 7d avg −0.058%
=Funding pays, the price is against you. OKX is 0.059% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.058%). If the spread goes back, that is −$6 on $10k: about 33 hours 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 | 23m 10s | $26K | $187K | 10x |
| Short | OKX CRV-USDT-SWAP | 0.3582 | 0.0100 | get 0.0100% / 8h | 1h 23m | $8.7M | $20.5M | 50x |
Phoenix CRV
OKX CRV-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.117% → −0.058%
- −$5.89
- Slippage, 4 orders
- −$41.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$34.02
- Costs to cover
- 0.585%
- Break-even
- 14.8 days
Slippage from Phoenix: live order book, 13 min ago; OKX: 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, 13 min ago | 1.12 bp | 12.7 bp −$13 | 51.7 bp −$517 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.40 bp | 18.3 bp −$18 | 45.2 bp −$452 | 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 | 0.3578 | −0.230% | $15 | — | 15x | as long as short |
| Phoenix CRVlong | −0.0045% | 1h | 0.3586 | long leg | $26K | $187K | 10x | |
| Backpack CRV_USDC_PERP | −0.0011% | 1h | 0.3583 | −0.086% | $97K | $216K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3582 | −0.121% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0029% | 1h | 0.3582 | −0.117% | $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 | 0.3580 | −0.159% | $379K | $717K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3584 | −0.067% | $20.9M | $16.6M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3583 | −0.092% | $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 | 0.3581 | −0.138% | $363K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3581 | −0.145% | $24.7M | $57.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3578 | −0.229% | $27.0M | $19.7M | 75x | as long as short |
| OKX CRV-USDT-SWAPshort | +0.0100% | 8h | 0.3582 | −0.117% | $8.7M | $20.5M | 50x | |
| Gate CRV_USDT | +0.0100% | 8h | 0.3582 | −0.117% | $1.8M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3582 | −0.117% | $12.5M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3582 | −0.117% | $5.9M | $8.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3583 | −0.089% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3581 | −0.145% | — | $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 CRVUSDT | +0.0100% | 1h | 0.3573 | −0.368% | $53K | $680K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3580 | −0.173% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3649 | +1.751% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3582 | −0.128% | $255K | $511K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3581 | −0.133% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3584 | −0.061% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3585 | −0.033% | $351K | $4.4M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3582 | −0.129% | $209K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0558% | 1h | 0.3586 | +0.003% | $3.0M | $2.8M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
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
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD