Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0678%/8h= −74.2% APRpaid last 24h −0.339%

Price spread now: Deribit against Variational Omni+0.184%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Deribit is 0.184% dearer against Variational Omni than usual: you sell high and buy low (spread +0.184% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRV	0.3614	0.0100	pay 0.0100% / 8h	2h 05m	$1.1M	$154K	—
Short	Deribit CRV_USDC-PERPETUAL	0.3621	−0.0578	pay 0.0072% / 1h	5m 04s	$56K	$48K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now +0.184%Rate

Funding earned: −$142.38
Price spread: +0.184% → 0.000%: $18.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$130.95
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Deribit: 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 Variational Omni RFQ quote, 4 min ago	5.52 bp	doesn't fit	22.1 bp −$221	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Deribit CRV_USDC-PERPETUALshort	−0.0578%	1h	0.3621	+0.184%	$56K	$48K	25x
Injective CRV/USDC PERP	−0.0103%	1h	0.3630	+0.433%	$78	$265K	12x	as long as short
Reya CRVRUSDPERP	−0.0049%	1h	0.3618	+0.111%	$16	—	15x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3621	+0.182%	$37K	$4K	10x	as long as short
Phoenix CRV	0.0000%	1h	0.3617	+0.068%	$26K	$193K	10x	as long as short
Orderly PERP_CRV_USDC	+0.0095%	8h	0.3620	+0.157%	$24K	$701	10x	as long as short
Lighter CRV	+0.0096%	1h	0.3620	+0.162%	$411K	$704K	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3622	+0.219%	$129K	$186K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3621	+0.184%	$369K	$177K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3619	+0.122%	$25.3M	$58.2M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRVUSDT	+0.0100%	8h	0.3618	+0.101%	$27.4M	$17.3M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3616	+0.046%	$8.6M	$22.3M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3619	+0.129%	$2.0M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3618	+0.101%	$14.4M	$5.7M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3622	+0.212%	$7.0M	$9.2M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3621	+0.184%	$6.8M	$5.8M	75x	as long as short
BingX CRV-USDC	+0.0100%	8h	0.3619	+0.129%	—	$1.7M	—	as long as short
Variational Omni CRVlong	+0.0100%	8h	0.3614	long leg	$1.1M	$154K	—
edgeX CRVUSDC	+0.0100%	4h	0.3625	+0.287%	$37K	$172K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3629	+0.406%	$505K	$450K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3624	+0.267%	$60K	$694K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3669	+1.512%	$1K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3618	+0.105%	$241K	$886K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3620	+0.164%	$19K	$9K	3x	as long as short
Kraken Futures PF_CRVUSD	+0.0164%	1h	0.3624	+0.272%	$3.1M	$3.5M	50x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3617	+0.074%	$1.4M	$4.7M	75x	as long as short
Hyperliquid CRV	+0.0246%	1h	0.3626	+0.317%	$22.2M	$17.1M	10x	as long as short
Backpack CRV_USDC_PERP	+0.0366%	1h	0.3623	+0.240%	$104K	$362K	10x	as long as short
Coinbase International CRV-PERP-INTX	+0.0384%	1h	0.3624	+0.267%	$386K	$4.8M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0400% / S −0.0160%	1h	0.3622	+0.221%	$215K	—	100x	as long as short