Funding you earn now, next payment 22:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.109%
Price spread now: Bybit against GMX−0.003%7-day average −0.099% · 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)−0.384%−$38 on $10k
+Price spread, last 3 days (all we have)−0.233%−$23 · spread now −0.003%, 7d avg −0.099%
=The price spread pays, funding is against you. Bybit is 0.096% dearer against GMX than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.099%): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX CRV/USD [ETH-USDC] | 0.3627 | L +0.0400% / S −0.0160% | pay 0.0050% / 1h | 4m 20s | $215K | — | 100x |
| Short | Bybit CRVUSDT | 0.3627 | 0.0100 | get 0.0100% / 8h | 2h 04m | $27.5M | $17.3M | 75x |
GMX CRV/USD [ETH-USDC]
Bybit CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$62.98
- Price spread: −0.003% → −0.099%
- $9.59
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$76.39
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 1.38 bp | 13.7 bp −$14 | 30.1 bp −$301 | 288.6 bp −$28.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0577% | 1h | 0.3626 | −0.031% | $56K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | +0.080% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3619 | −0.214% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3621 | −0.171% | $37K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3617 | −0.284% | $26K | $193K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3625 | −0.058% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3626 | −0.033% | $411K | $704K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3625 | −0.062% | $130K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3623 | −0.125% | $369K | $177K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3628 | +0.017% | $25.4M | $58.2M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDTshort | +0.0100% | 8h | 0.3627 | −0.003% | $27.5M | $17.3M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3628 | +0.025% | $8.6M | $22.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3624 | −0.086% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3619 | −0.224% | $14.4M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3623 | −0.113% | $7.0M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3627 | −0.003% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3624 | −0.086% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3614 | −0.352% | $1.1M | $154K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3625 | −0.066% | $37K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3629 | +0.052% | $505K | $450K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3624 | −0.086% | $60K | $694K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3668 | +1.127% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3625 | −0.055% | $241K | $886K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3627 | −0.003% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0164% | 1h | 0.3630 | +0.093% | $3.1M | $3.5M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3617 | −0.279% | $1.4M | $4.7M | 75x | as long as short |
| Hyperliquid CRV | +0.0247% | 1h | 0.3626 | −0.017% | $22.2M | $17.1M | 10x | as long as short |
| Backpack CRV_USDC_PERP | +0.0366% | 1h | 0.3623 | −0.113% | $104K | $362K | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3624 | −0.086% | $386K | $4.8M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC]long | L +0.0400% / S −0.0160% | 1h | 0.3627 | long leg | $215K | — | 100x |
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Hyperliquid CRV
Backpack CRV_USDC_PERP
Coinbase International CRV-PERP-INTX