Settings8H · net · $10k
Funding arb · Price arb /

CRV

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.043%
Price spread now: Phoenix against Injective−2.278%7-day average +0.124% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.502%−$50 on $10k
Price spread, last 4 days (all we have)+2.506%+$251 · spread now −2.278%, 7d avg +0.124%
Together, before fees+2.004%+$200 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 2.402% cheaper against Injective than usual: you would sell low and buy high (spread −2.278% now, against its 7-day average of +0.124%). If the spread goes back, that is −$240 on $10k: about 24 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.502%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective CRV/USDC PERP0.36700.0033pay 0.0004% / 1h55m 36s$79$384K12x
ShortPhoenix CRV0.35860.0045get 0.0006% / 1h55m 36s$26K$187K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$2.38
Price spread: −2.278% → +0.124%
−$240.16
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$244.8
Costs to cover
0.070%
Break-even
726.6 days
Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 46 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Phoenix live order book, 46 min ago1.41 bp17.2 bp −$1763.7 bp −$637doesn't fitdoesn't fit
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack CRV_USDC_PERP−0.0075%1h0.3584−2.332%$94K$214K10xas long as short
Reya CRVRUSDPERP−0.0048%1h0.3583−2.359%$1515xas long as short
dYdX CRV-USD0.0000%1h0.3583−2.376%$37K$8K10xas long as short
Deribit CRV_USDC-PERPETUAL0.0000%1h0.3582−2.398%$54K$45K25xas long as short
Injective CRV/USDC PERPlong+0.0033%1h0.3670long leg$79$384K12x
Phoenix CRVshort+0.0045%1h0.3586−2.278%$26K$187K10x
Variational Omni CRV+0.0064%8h0.3581−2.429%$1.1M$95Kas long as short
Lighter CRV+0.0096%1h0.3583−2.376%$379K$710K10xas long as short
Hyperliquid CRV+0.0100%1h0.3587−2.256%$21.0M$16.5M10xas long as short
Aster CRVUSDT+0.0100%8h0.3583−2.361%$113K$193K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CRV+0.0100%1h0.3584−2.338%$364K$198K10xas long as short
Binance CRVUSDT+0.0100%8h0.3583−2.379%$24.7M$56.9M75xas long as short
Bybit CRVUSDT+0.0100%8h0.3580−2.452%$27.1M$19.4M75xas long as short
OKX CRV-USDT-SWAP+0.0100%8h0.3584−2.343%$8.7M$20.4M50xas long as short
Gate CRV_USDT+0.0100%8h0.3584−2.343%$1.9M$1.3M50xas long as short
MEXC CRV_USDT+0.0100%8h0.3584−2.343%$12.6M$5.6M125xas long as short
KuCoin CRVUSDTM+0.0100%8h0.3584−2.343%$5.9M$8.3M50xas long as short
Bitget CRVUSDT+0.0100%8h0.3584−2.343%$6.7M$5.3M75xas long as short
BingX CRV-USDT+0.0100%8h0.3582−2.398%$23.5Mas long as short
edgeX CRVUSDC+0.0100%4h0.3584−2.335%$37K$173K20xas long as short
GRVT CRV_USDT_Perp+0.0100%8h0.3588−2.245%$508K$445K10xas long as short
ApeX Omni CRVUSDT+0.0100%1h0.3584−2.343%$53K$681K50xas long as short
Orderly PERP_CRV_USDC+0.0100%8h0.3581−2.425%$24K$92810xas long as short
SunX CRV-USDT+0.0100%8h0.3662−0.218%$2K$1.3M20xas long as short
Extended CRV-USD+0.0104%1h0.3582−2.396%$253K$499K25xas long as short
Aevo CRV-PERP+0.0104%1h0.3583−2.383%$13K$6K3xas long as short
BloFin CRV-USDT+0.0220%8h0.3583−2.371%$1.3M$3.9M75xas long as short
Coinbase International CRV-PERP-INTX+0.0384%1h0.3588−2.234%$356K$4.3M50xas long as short
GMX CRV/USD [ETH-USDC]L +0.0415% / S −0.0177%1h0.3583−2.361%$210K100xas long as short
Kraken Futures PF_CRVUSD+0.0559%1h0.3585−2.317%$3.0M$2.7M50xas long as short