Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: dYdX against BloFin+0.135%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. dYdX is 0.135% dearer against BloFin than usual: you sell high and buy low (spread +0.135% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRV-USDT	0.3678	0.0220	pay 0.0220% / 8h	1h 44m	$1.4M	$4.6M	75x
Short	dYdX CRV-USD	0.3683	0	get 0.0000% / 1h	44m 37s	$38K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$46.2
Price spread: +0.135% → 0.000%: $13.45
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$54.75
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	5.45 bp	15.6 bp −$16	25.2 bp −$252	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
Injective CRV/USDC PERP	−0.0228%	1h	0.3620	−1.577%	$78	$318K	12x	as long as short
Phoenix CRV	−0.0176%	1h	0.3673	−0.136%	$26K	$181K	10x	as long as short
Reya CRVRUSDPERP	−0.0049%	1h	0.3677	−0.035%	$16	—	15x	as long as short
Deribit CRV_USDC-PERPETUAL	−0.0022%	1h	0.3681	+0.082%	$57K	$48K	25x	as long as short
dYdX CRV-USDshort	0.0000%	1h	0.3683	+0.135%	$38K	$4K	10x
Kraken Futures PF_CRVUSD	+0.0027%	1h	0.3685	+0.200%	$3.1M	$3.3M	50x	as long as short
Orderly PERP_CRV_USDC	+0.0095%	8h	0.3680	+0.054%	$25K	$1K	10x	as long as short
Lighter CRV	+0.0096%	1h	0.3682	+0.109%	$417K	$700K	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3683	+0.148%	$132K	$186K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3683	+0.138%	$378K	$187K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRVUSDT	+0.0100%	8h	0.3680	+0.059%	$25.8M	$57.5M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3683	+0.136%	$27.9M	$17.2M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3681	+0.082%	$8.7M	$22.3M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3685	+0.190%	$2.0M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3680	+0.054%	$14.7M	$5.5M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3686	+0.218%	$7.1M	$9.1M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3683	+0.136%	$7.0M	$5.6M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3683	+0.136%	—	$21.6M	—	as long as short
Variational Omni CRV	+0.0100%	8h	0.3673	−0.132%	$1.1M	$137K	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3669	−0.247%	$38K	$173K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3669	−0.249%	$511K	$437K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3670	−0.218%	$60K	$696K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3715	+1.006%	$1K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3682	+0.117%	$243K	$883K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3681	+0.082%	$19K	$9K	3x	as long as short
BloFin CRV-USDTlong	+0.0220%	8h	0.3678	long leg	$1.4M	$4.6M	75x
Coinbase International CRV-PERP-INTX	+0.0376%	1h	0.3686	+0.218%	$392K	$4.8M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0403% / S −0.0160%	1h	0.3680	+0.061%	$218K	—	100x	as long as short
Backpack CRV_USDC_PERP	+0.0436%	1h	0.3684	+0.150%	$106K	$361K	10x	as long as short
Hyperliquid CRV	+0.0450%	1h	0.3688	+0.283%	$22.8M	$16.9M	10x	as long as short