Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.045%

Price spread now: edgeX against Reya−0.608%65s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.608% cheaper against Reya than usual: you would sell low and buy high (spread −0.608% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$61 on $10k: about 14 days of funding at the current rate (+$4 a day). The two prices were read 65 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	Reya CRVRUSDPERP	0.3574	−0.0048	get 0.0006% / 1h	44m 08s	$15	—	15x
Short	edgeX CRVUSDC	0.3552	0.0100	get 0.0050% / 4h	44m 08s	$37K	$170K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee edgeXbpOrdersPrice spread, now −0.608%Rate

Funding earned: $31.14
Price spread: −0.608% → 0.000%: −$60.8
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$44.66
Costs to cover: 0.150%
Break-even: 17.0 days

Slippage unknown: Reya: no order-book sample; edgeX: live order book, 60 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell edgeX live order book, 60 min ago	21.14 bp	25.6 bp −$26	49.1 bp −$491	doesn't fit	doesn't fit

Reya: 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 exchanges

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
Variational Omni CRV	−0.0147%	8h	0.3564	−0.280%	$1.1M	$103K	—	as long as short
Reya CRVRUSDPERPlong	−0.0048%	1h	0.3574	long leg	$15	—	15x
dYdX CRV-USD	0.0000%	1h	0.3576	+0.056%	$40K	$13K	10x	as long as short
Phoenix CRV	0.0000%	1h	0.3551	−0.632%	$25K	$163K	10x	as long as short
Deribit CRV_USDC-PERPETUAL	+0.0030%	1h	0.3577	+0.095%	$54K	$45K	25x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+2.698%	$79	$384K	12x	as long as short
Lighter CRV	+0.0096%	1h	0.3576	+0.056%	$390K	$582K	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3578	+0.116%	$138K	$131K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3575	+0.047%	$361K	$188K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3576	+0.061%	$24.7M	$51.3M	75x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRVUSDT	+0.0100%	8h	0.3572	−0.045%	$26.8M	$18.0M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3573	−0.017%	$8.7M	$18.5M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3577	+0.095%	$1.8M	$1.1M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3574	+0.011%	$12.4M	$5.1M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3578	+0.123%	$6.5M	$8.2M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3578	+0.123%	$6.7M	$4.3M	75x	as long as short
BingX CRV-USDC	+0.0100%	8h	0.3575	+0.039%	—	$1.6M	—	as long as short
edgeX CRVUSDCshort	+0.0100%	4h	0.3552	−0.608%	$37K	$170K	20x
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3576	+0.055%	$508K	$377K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3557	−0.464%	$51K	$645K	50x	as long as short
Orderly PERP_CRV_USDC	+0.0100%	8h	0.3576	+0.067%	$24K	$850	10x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3646	+2.026%	$1K	$1.2M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3575	+0.048%	$254K	$529K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3577	+0.081%	$13K	$6K	3x	as long as short
Backpack CRV_USDC_PERP	+0.0188%	1h	0.3578	+0.135%	$91K	$215K	10x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3573	−0.017%	$1.3M	$3.4M	75x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0415% / S −0.0178%	1h	0.3576	+0.077%	$210K	—	100x	as long as short
Coinbase International CRV-PERP-INTX	+0.0416%	1h	0.3579	+0.151%	$357K	$3.9M	50x	as long as short
Hyperliquid CRV	+0.0443%	1h	0.3582	+0.246%	$21.5M	$15.9M	10x	as long as short
Kraken Futures PF_CRVUSD	+0.0691%	1h	0.3579	+0.159%	$3.0M	$2.1M	50x	as long as short