Funding you earn now, next payment 10:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.051%
Price spread now: Phoenix against Orderly−0.042%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.042% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_CRV_USDC | 0.3554 | 0.0100 | pay 0.0100% / 8h | 5h 53m | $24K | $850 | 10x |
| Short | Phoenix CRV | 0.3553 | −0.0022 | pay 0.0003% / 1h | 53m 16s | $25K | $171K | 10x |
Orderly PERP_CRV_USDC
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Orderly. 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
- −$25.71
- Price spread: −0.042% → 0.000%
- −$4.22
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$42.93
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 53 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 53 min ago | 1.40 bp | 17.1 bp −$17 | 63.1 bp −$631 | doesn't fit | doesn't fit |
Orderly: 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 exchanges
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 | −0.0326% | 1h | 0.3555 | +0.031% | $92K | $244K | 10x | as long as short |
| Variational Omni CRV | −0.0104% | 8h | 0.3556 | +0.045% | $1.1M | $132K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3551 | −0.094% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0031% | 1h | 0.3554 | 0.000% | $54K | $45K | 25x | as long as short |
| Phoenix CRVshort | −0.0022% | 1h | 0.3553 | −0.042% | $25K | $171K | 10x | |
| dYdX CRV-USD | 0.0000% | 1h | 0.3555 | +0.030% | $40K | $13K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.264% | $79 | $384K | 12x | as long as short |
| Bybit CRVUSDT | +0.0091% | 8h | 0.3550 | −0.113% | $26.6M | $18.0M | 75x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3554 | +0.006% | $376K | $599K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3555 | +0.027% | $138K | $153K | 10x | as long as short |
Backpack CRV_USDC_PERP
Variational Omni CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Bybit CRVUSDT
Lighter CRV
Aster CRVUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3554 | +0.008% | $359K | $192K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3553 | −0.028% | $24.6M | $51.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3551 | −0.084% | $8.6M | $18.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3555 | +0.028% | $1.9M | $989K | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3552 | −0.056% | $12.2M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3554 | 0.000% | $6.5M | $8.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3555 | +0.028% | $6.7M | $4.1M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3553 | −0.028% | — | $40.0M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3560 | +0.170% | $37K | $170K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3560 | +0.169% | $505K | $390K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3557 | +0.084% | $51K | $650K | 50x | as long as short |
| Orderly PERP_CRV_USDClong | +0.0100% | 8h | 0.3554 | long leg | $24K | $850 | 10x | |
| SunX CRV-USDT | +0.0100% | 8h | 0.3640 | +2.420% | $1K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3552 | −0.068% | $252K | $518K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3554 | +0.004% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3547 | −0.197% | $1.3M | $3.5M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0392% | 1h | 0.3556 | +0.056% | $354K | $3.9M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0413% / S −0.0178% | 1h | 0.3553 | −0.035% | $209K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0484% | 1h | 0.3558 | +0.118% | $21.1M | $16.0M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0662% | 1h | 0.3557 | +0.090% | $3.0M | $2.1M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV
Kraken Futures PF_CRVUSD