CRV

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

Long on Injective Short on Phoenix

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.

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	55m 36s	$79	$384K	12x
Short	Phoenix CRV	0.3586	0.0045	get 0.0006% / 1h	55m 36s	$26K	$187K	10x

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

Position, each leg$Hold fordaysFee InjectivebpFee PhoenixbpOrdersPrice spread, now −2.278%Rate

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 46 min ago	1.41 bp	17.2 bp −$17	63.7 bp −$637	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack CRV_USDC_PERP	−0.0075%	1h	0.3584	−2.332%	$94K	$214K	10x	as long as short
Reya CRVRUSDPERP	−0.0048%	1h	0.3583	−2.359%	$15	—	15x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3583	−2.376%	$37K	$8K	10x	as long as short
Deribit CRV_USDC-PERPETUAL	0.0000%	1h	0.3582	−2.398%	$54K	$45K	25x	as long as short
Injective CRV/USDC PERPlong	+0.0033%	1h	0.3670	long leg	$79	$384K	12x
Phoenix CRVshort	+0.0045%	1h	0.3586	−2.278%	$26K	$187K	10x
Variational Omni CRV	+0.0064%	8h	0.3581	−2.429%	$1.1M	$95K	—	as long as short
Lighter CRV	+0.0096%	1h	0.3583	−2.376%	$379K	$710K	10x	as long as short
Hyperliquid CRV	+0.0100%	1h	0.3587	−2.256%	$21.0M	$16.5M	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3583	−2.361%	$113K	$193K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRV	+0.0100%	1h	0.3584	−2.338%	$364K	$198K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3583	−2.379%	$24.7M	$56.9M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3580	−2.452%	$27.1M	$19.4M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3584	−2.343%	$8.7M	$20.4M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3584	−2.343%	$1.9M	$1.3M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3584	−2.343%	$12.6M	$5.6M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3584	−2.343%	$5.9M	$8.3M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3584	−2.343%	$6.7M	$5.3M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3582	−2.398%	—	$23.5M	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3584	−2.335%	$37K	$173K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3588	−2.245%	$508K	$445K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3584	−2.343%	$53K	$681K	50x	as long as short
Orderly PERP_CRV_USDC	+0.0100%	8h	0.3581	−2.425%	$24K	$928	10x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3662	−0.218%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3582	−2.396%	$253K	$499K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3583	−2.383%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3583	−2.371%	$1.3M	$3.9M	75x	as long as short
Coinbase International CRV-PERP-INTX	+0.0384%	1h	0.3588	−2.234%	$356K	$4.3M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0415% / S −0.0177%	1h	0.3583	−2.361%	$210K	—	100x	as long as short
Kraken Futures PF_CRVUSD	+0.0559%	1h	0.3585	−2.317%	$3.0M	$2.7M	50x	as long as short