Funding you earn now, next payment 02:00 UTC+0.0166%/8h= +18.2% APRnext payment +$0.21 per $10,000 · paid last 24h +0.025%
Price spread now: GMX against Injective−1.971%57s7-day average +0.243% · 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)+0.149%+$15 on $10k
+Price spread, last 3 days (all we have)+2.296%+$230 · spread now −1.971%, 7d avg +0.243%
=Funding pays, the price is against you. GMX is 2.214% cheaper against Injective than usual: you would sell low and buy high (spread −1.971% now, against its 7-day average of +0.243%). If the spread goes back, that is −$221 on $10k: about 44 days of funding at the current rate (+$5 a day). The two prices were read 57 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 | Injective CRV/USDC PERP | 0.3670 | 0.0033 | pay 0.0004% / 1h | 41m 56s | $79 | $384K | 12x |
| Short | GMX CRV/USD [ETH-USDC] | 0.3598 | L +0.0450% / S −0.0200% | get 0.0025% / 1h | 41m 56s | $229K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Injective. 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
- $34.92
- Price spread: −1.971% → +0.243%
- −$221.4
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$198.5
- Costs to cover
- 0.120%
- Break-even
- 46.8 days
Slippage unknown: Injective: no order-book sample; GMX: no order-book sample. 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 Injective no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Injective and 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CRVUSDT | −0.0134% | 1h | 0.3617 | −1.444% | $52K | $700K | 50x | as long as short |
| Phoenix CRV | −0.0066% | 1h | 0.3604 | −1.790% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3600 | −1.895% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0028% | 1h | 0.3598 | −1.962% | $55K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3602 | −1.840% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERPlong | +0.0033% | 1h | 0.3670 | long leg | $79 | $384K | 12x | |
| Backpack CRV_USDC_PERP | +0.0051% | 1h | 0.3603 | −1.839% | $97K | $300K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3598 | −1.962% | $24K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3599 | −1.921% | $378K | $708K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3607 | −1.728% | $22.2M | $16.8M | 10x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CRVUSDT | +0.0100% | 8h | 0.3604 | −1.786% | $128K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3602 | −1.860% | $363K | $209K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3602 | −1.855% | $25.0M | $56.1M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3599 | −1.935% | $27.4M | $18.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3600 | −1.907% | $8.6M | $21.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3601 | −1.880% | $1.8M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3601 | −1.880% | $14.7M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3602 | −1.853% | $6.3M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3604 | −1.798% | $6.8M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3600 | −1.907% | — | $23.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3607 | −1.718% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3616 | −1.473% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3610 | −1.636% | $506K | $419K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3642 | −0.763% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3601 | −1.877% | $235K | $631K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3598 | −1.962% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3634 | −0.981% | $1.4M | $4.1M | 75x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0294% | 1h | 0.3601 | −1.882% | $3.0M | $2.8M | 50x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3600 | −1.907% | $377K | $4.5M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC]short | L +0.0450% / S −0.0200% | 1h | 0.3598 | −1.971% | $229K | — | 100x |
Injective CRV/USDC PERP
GMX CRV/USD [ETH-USDC]
ApeX Omni CRVUSDT
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
Backpack CRV_USDC_PERP
Lighter CRV
Hyperliquid CRV
Aster CRVUSDT
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
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Extended CRV-USD
BloFin CRV-USDT
Kraken Futures PF_CRVUSD
Coinbase International CRV-PERP-INTX