Funding you earn now, next payment 00:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.068%
Price spread now: Aster against Phoenix+0.183%75s7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1151.147% of the position
Funding, last 7 days+0.609%+$61 on $10k
+Price spread, last 3 days (all we have)−0.341%−$34 · spread now +0.183%, 7d avg +0.026%
=Together, before fees+0.268%+ Points / potential airdropAster: Stage 5 · farm board+$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aster is 0.157% dearer against Phoenix than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.026%. The two prices were read 75 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 | Phoenix CRV | 0.3676 | −0.0087 | get 0.0011% / 1h | 8m 05s | $26K | $168K | 10x |
| Short | Aster CRVUSDT | 0.3682 | 0.0100 | get 0.0100% / 8h | 7h 08m | $131K | $182K | 10x |
Phoenix CRV
Aster CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- $39.26
- Price spread: +0.183% → +0.026%
- $15.68
- Slippage, 4 orders
- −$99.71
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$59.77
- Costs to cover
- 1.147%
- Break-even
- 17.7 days
Slippage from Phoenix: live order book, 58 min ago; Aster: live order book, 63 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 Phoenix live order book, 58 min ago | 1.09 bp | 13.1 bp −$13 | 53.9 bp −$539 | doesn't fit | doesn't fit |
| Sell Aster live order book, 63 min ago | 13.68 bp | 39.8 bp −$40 | 276.1 bp −$2,761 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRVlong | −0.0087% | 1h | 0.3676 | long leg | $26K | $168K | 10x | |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3681 | +0.145% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3682 | +0.171% | $38K | $5K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0022% | 1h | 0.3684 | +0.229% | $57K | $50K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | −0.152% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0088% | 1h | 0.3688 | +0.342% | $3.1M | $2.8M | 50x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3686 | +0.286% | $412K | $727K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3686 | +0.283% | $25K | $929 | 10x | as long as short |
| Aster CRVUSDTshort | +0.0100% | 8h | 0.3682 | +0.183% | $131K | $182K | 10x | |
| Pacifica CRV | +0.0100% | 1h | 0.3681 | +0.147% | $375K | $211K | 10x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Kraken Futures PF_CRVUSD
Lighter CRV
Orderly PERP_CRV_USDC
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3685 | +0.262% | $25.7M | $55.8M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3685 | +0.256% | $28.1M | $17.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3682 | +0.174% | $8.9M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3684 | +0.229% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3685 | +0.256% | $15.2M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3687 | +0.310% | $6.6M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3684 | +0.229% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3680 | +0.120% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3672 | −0.101% | $1.1M | $114K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3673 | −0.064% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3683 | +0.199% | $520K | $407K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3675 | −0.016% | $53K | $697K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3719 | +1.181% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3683 | +0.192% | $247K | $843K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3685 | +0.262% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3689 | +0.365% | $1.4M | $4.3M | 75x | as long as short |
| Hyperliquid CRV | +0.0312% | 1h | 0.3688 | +0.348% | $22.9M | $16.5M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3685 | +0.256% | $385K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0418% / S −0.0174% | 1h | 0.3685 | +0.257% | $219K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0542% | 1h | 0.3685 | +0.264% | $99K | $295K | 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-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP