Funding you earn now, next payment 23:00 UTC−0.0483%/8h= −52.9% APRnext payment −$0.60 per $10,000 · paid last 24h −0.135%
Price spread now: Phoenix against Hyperliquid−0.121%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$500.496% of the position
Funding, last 7 days−0.707%−$71 on $10k
+Price spread, last 3 days (all we have)+0.358%+$36 · spread now −0.121%, 7d avg −0.140%
=Together, before fees−0.349%+ Points / potential airdropHyperliquid: Season 2 · farm board−$35 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.140%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CRV | 0.3706 | 0.0375 | pay 0.0047% / 1h | 51m 07s | $23.0M | $16.3M | 10x |
| Short | Phoenix CRV | 0.3702 | −0.0108 | pay 0.0014% / 1h | 51m 07s | $26K | $176K | 10x |
Hyperliquid CRV
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Hyperliquid. 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
- −$101.44
- Price spread: −0.121% → −0.140%
- $1.87
- Slippage, 4 orders
- −$33.56
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$149.13
- Costs to cover
- 0.496%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Phoenix: live order book, 20 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 Hyperliquid live order book, 12 min ago | 0.41 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 20 min ago | 1.09 bp | 14.0 bp −$14 | 49.3 bp −$493 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | −0.979% | $79 | $384K | 12x | as long as short |
| Phoenix CRVshort | −0.0108% | 1h | 0.3702 | −0.121% | $26K | $176K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3702 | −0.115% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0020% | 1h | 0.3704 | −0.062% | $57K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3698 | −0.211% | $38K | $5K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0080% | 1h | 0.3698 | −0.224% | $61K | $697K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3704 | −0.062% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3701 | −0.143% | $418K | $718K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3702 | −0.110% | $132K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3701 | −0.152% | $377K | $216K | 10x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3703 | −0.089% | $26.1M | $56.3M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3703 | −0.089% | $28.3M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3703 | −0.089% | $8.9M | $21.7M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3700 | −0.170% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3699 | −0.197% | $14.7M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3702 | −0.116% | $7.3M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3704 | −0.062% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3701 | −0.143% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3689 | −0.467% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3695 | −0.300% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3695 | −0.298% | $523K | $428K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3719 | +0.343% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3702 | −0.122% | $244K | $879K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3705 | −0.028% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0154% | 1h | 0.3706 | +0.003% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3701 | −0.143% | $1.4M | $4.3M | 75x | as long as short |
| Hyperliquid CRVlong | +0.0375% | 1h | 0.3706 | long leg | $23.0M | $16.3M | 10x | |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3703 | −0.089% | $385K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0452% / S −0.0192% | 1h | 0.3704 | −0.056% | $240K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0635% | 1h | 0.3704 | −0.059% | $108K | $316K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP