Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.067%
Price spread now: Phoenix against edgeX−0.036%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$870.870% of the position
Funding, last 7 days−0.604%−$60 on $10k
+Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.036%, 7d avg +0.058%
=Together, before fees−0.477%+ Points / potential airdropedgeX: Active · farm board−$48 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.095% cheaper against edgeX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.058%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX CRVUSDC | 0.3630 | 0.0100 | pay 0.0050% / 4h | 19m 29s | $37K | $173K | 20x |
| Short | Phoenix CRV | 0.3629 | 0 | get 0.0000% / 1h | 19m 29s | $26K | $168K | 10x |
edgeX CRVUSDC
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- −$21
- Price spread: −0.036% → +0.058%
- −$9.46
- Slippage, 4 orders
- −$71.04
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$117.5
- Costs to cover
- 0.870%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 37 min ago; Phoenix: live order book, 32 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 edgeX live order book, 37 min ago | 22.10 bp | 26.6 bp −$27 | 66.7 bp −$667 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 32 min ago | 1.39 bp | 16.9 bp −$17 | 63.4 bp −$634 | 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 | 0.3628 | −0.061% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3631 | +0.024% | $37K | $7K | 10x | as long as short |
| Phoenix CRVshort | 0.0000% | 1h | 0.3629 | −0.036% | $26K | $168K | 10x | |
| Deribit CRV_USDC-PERPETUAL | +0.0026% | 1h | 0.3627 | −0.091% | $55K | $47K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.093% | $79 | $384K | 12x | as long as short |
| Backpack CRV_USDC_PERP | +0.0034% | 1h | 0.3629 | −0.036% | $97K | $299K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3631 | +0.013% | $384K | $711K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0099% | 8h | 0.3626 | −0.119% | $24K | $902 | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3636 | +0.146% | $22.0M | $14.9M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3631 | +0.027% | $129K | $180K | 10x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Backpack CRV_USDC_PERP
Lighter CRV
Orderly PERP_CRV_USDC
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 | 0.3631 | +0.013% | $368K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3632 | +0.042% | $24.9M | $54.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3629 | −0.036% | $27.5M | $17.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3630 | −0.009% | $8.7M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3631 | +0.019% | $1.9M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3631 | +0.019% | $14.0M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3631 | +0.019% | $6.1M | $8.7M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3630 | −0.009% | $6.8M | $5.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3631 | +0.019% | — | $23.5M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3624 | −0.179% | $1.1M | $102K | — | as long as short |
| edgeX CRVUSDClong | +0.0100% | 4h | 0.3630 | long leg | $37K | $173K | 20x | |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3637 | +0.193% | $507K | $441K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3628 | −0.064% | $52K | $684K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3681 | +1.396% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3631 | +0.006% | $238K | $477K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3627 | −0.095% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3628 | −0.064% | $1.4M | $4.0M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3631 | +0.019% | $380K | $4.0M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0177% | 1h | 0.3626 | −0.131% | $212K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0697% | 1h | 0.3631 | +0.032% | $3.1M | $2.6M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
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