Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.013%

Price spread now: Variational Omni against dYdX−0.243%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Variational Omni

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

Funding pays, the price is against you. Variational Omni is 0.243% cheaper against dYdX than usual: you would sell low and buy high (spread −0.243% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 8.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX CRV-USD	0.3664	0	get 0.0000% / 1h	14m 31s	$38K	$4K	10x
Short	Variational Omni CRV	0.3655	0.0100	get 0.0100% / 8h	1h 14m	$1.1M	$124K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. 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 dYdXbpFee Variational OmnibpOrdersPrice spread, now −0.243%Rate

Funding earned: $21
Price spread: −0.243% → 0.000%: −$24.32
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.32
Costs to cover: 0.100%
Break-even: 11.4 days

Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, 5 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 dYdX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	5.47 bp	doesn't fit	24.6 bp −$246	doesn't fit	doesn't fit

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	0.3670	+0.165%	$79	$384K	12x	as long as short
Phoenix CRV	−0.0176%	1h	0.3659	−0.146%	$26K	$181K	10x	as long as short
Reya CRVRUSDPERP	−0.0049%	1h	0.3664	−0.012%	$16	—	15x	as long as short
Deribit CRV_USDC-PERPETUAL	−0.0023%	1h	0.3662	−0.053%	$57K	$48K	25x	as long as short
dYdX CRV-USDlong	0.0000%	1h	0.3664	long leg	$38K	$4K	10x
Kraken Futures PF_CRVUSD	+0.0027%	1h	0.3668	+0.111%	$3.1M	$3.0M	50x	as long as short
Orderly PERP_CRV_USDC	+0.0096%	8h	0.3663	−0.026%	$24K	$929	10x	as long as short
Lighter CRV	+0.0096%	1h	0.3665	+0.029%	$415K	$707K	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3666	+0.052%	$131K	$186K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3666	+0.048%	$369K	$206K	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	0.3664	+0.003%	$25.7M	$56.6M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3665	+0.029%	$27.8M	$17.0M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3662	−0.053%	$8.7M	$21.6M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3665	+0.029%	$2.0M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3665	+0.029%	$14.6M	$5.5M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3666	+0.056%	$7.2M	$9.0M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3666	+0.056%	$6.9M	$5.6M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3664	+0.001%	—	$21.6M	—	as long as short
Variational Omni CRVshort	+0.0100%	8h	0.3655	−0.243%	$1.1M	$124K	—
edgeX CRVUSDC	+0.0100%	4h	0.3654	−0.259%	$38K	$173K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3660	−0.109%	$518K	$435K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3658	−0.163%	$60K	$694K	50x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3691	+0.738%	$1K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3662	−0.060%	$243K	$882K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3662	−0.042%	$19K	$9K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3662	−0.053%	$1.4M	$4.2M	75x	as long as short
Coinbase International CRV-PERP-INTX	+0.0376%	1h	0.3665	+0.029%	$386K	$4.7M	50x	as long as short
Hyperliquid CRV	+0.0385%	1h	0.3671	+0.187%	$22.8M	$16.4M	10x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0402% / S −0.0160%	1h	0.3664	−0.001%	$217K	—	100x	as long as short
Backpack CRV_USDC_PERP	+0.0473%	1h	0.3669	+0.127%	$108K	$369K	10x	as long as short