Funding you earn now, next payment 06:00 UTC−0.0313%/8h= −34.3% APRpaid last 24h −0.091%
Price spread now: Binance against GMX−0.180%50s7-day average −0.065% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.445%−$44 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.180%, 7d avg −0.065%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.115% cheaper against GMX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.065%). Swap the legs. The two prices were read 50 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 | GMX CRV/USD [ETH-USDC] | 0.3551 | L +0.0413% / S −0.0177% | pay 0.0052% / 1h | 28m 26s | $208K | — | 100x |
| Short | Binance CRVUSDT | 0.3545 | 0.0100 | get 0.0100% / 8h | 2h 28m | $24.4M | $56.4M | 75x |
GMX CRV/USD [ETH-USDC]
Binance CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GMX. 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
- −$65.79
- Price spread: −0.180% → −0.065%
- −$11.49
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$99.28
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: live order book, 14 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 GMX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 14 min ago | 1.40 bp | 11.2 bp −$11 | 24.0 bp −$240 | 97.2 bp −$9,722 | doesn't fit |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0114% | 1h | 0.3547 | −0.112% | $93K | $259K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3546 | −0.160% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0032% | 1h | 0.3549 | −0.067% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3542 | −0.267% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.340% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | +0.0045% | 1h | 0.3558 | +0.189% | $25K | $177K | 10x | as long as short |
| Variational Omni CRV | +0.0085% | 8h | 0.3546 | −0.153% | $1.1M | $94K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3541 | −0.289% | $375K | $702K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3549 | −0.064% | $20.6M | $16.2M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3546 | −0.150% | $111K | $193K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Phoenix CRV
Variational Omni CRV
Lighter CRV
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 | 0.3543 | −0.249% | $359K | $198K | 10x | as long as short |
| Binance CRVUSDTshort | +0.0100% | 8h | 0.3545 | −0.180% | $24.4M | $56.4M | 75x | |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3543 | −0.236% | $26.7M | $19.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3546 | −0.151% | $8.7M | $20.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3542 | −0.264% | $1.8M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3547 | −0.123% | $12.6M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3545 | −0.180% | $5.9M | $8.4M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3547 | −0.123% | $6.6M | $5.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3542 | −0.264% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3550 | −0.043% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3555 | +0.109% | $499K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3553 | +0.046% | $53K | $682K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3550 | −0.039% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3624 | +2.045% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3541 | −0.306% | $252K | $494K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3550 | −0.026% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3546 | −0.151% | $1.3M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC]long | L +0.0413% / S −0.0177% | 1h | 0.3551 | long leg | $208K | — | 100x | |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3560 | +0.243% | $354K | $4.2M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0685% | 1h | 0.3552 | +0.022% | $3.0M | $2.6M | 50x | as long as short |
Pacifica CRV
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD