Funding you earn now, next payment 08:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.055%
Price spread now: Binance against Phoenix+0.022%65s7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as 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−$500.498% of the position
Funding, last 7 days+0.521%+$52 on $10k
+Price spread, last 4 days (all we have)−0.934%−$93 · spread now +0.022%, 7d avg −0.044%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.067% dearer against Phoenix than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.044%. The two prices were read 65 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 | 0.3595 | −0.0022 | get 0.0003% / 1h | 0m 30s | $26K | $190K | 10x |
| Short | Binance CRVUSDT | 0.3596 | 0.0100 | get 0.0100% / 8h | 7h 00m | $24.9M | $56.1M | 75x |
Phoenix CRV
Binance CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $25.7
- Price spread: +0.022% → −0.044%
- $6.67
- Slippage, 4 orders
- −$32.81
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$17.44
- Costs to cover
- 0.498%
- Break-even
- 11.7 days
Slippage from Phoenix: live order book, 26 min ago; Binance: live order book, 12 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, 26 min ago | 1.13 bp | 12.7 bp −$13 | 51.7 bp −$517 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.39 bp | 12.8 bp −$13 | 22.6 bp −$226 | 109.1 bp −$10.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3594 | −0.024% | $15 | — | 15x | as long as short |
| Variational Omni CRV | −0.0047% | 8h | 0.3590 | −0.149% | $1.1M | $105K | — | as long as short |
| Phoenix CRVlong | −0.0022% | 1h | 0.3595 | long leg | $26K | $190K | 10x | |
| dYdX CRV-USD | 0.0000% | 1h | 0.3598 | +0.070% | $40K | $13K | 10x | as long as short |
| Backpack CRV_USDC_PERP | +0.0006% | 1h | 0.3598 | +0.067% | $94K | $251K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0028% | 1h | 0.3597 | +0.050% | $54K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.081% | $79 | $384K | 12x | as long as short |
| Bybit CRVUSDT | +0.0085% | 8h | 0.3592 | −0.089% | $27.0M | $19.0M | 75x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3597 | +0.050% | $379K | $688K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3600 | +0.134% | $120K | $201K | 10x | as long as short |
Reya CRVRUSDPERP
Variational Omni CRV
dYdX CRV-USD
Backpack CRV_USDC_PERP
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Bybit CRVUSDT
Lighter CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3597 | +0.041% | $363K | $200K | 10x | as long as short |
| Binance CRVUSDTshort | +0.0100% | 8h | 0.3596 | +0.022% | $24.9M | $56.1M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3594 | −0.033% | $8.7M | $20.1M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3598 | +0.078% | $1.9M | $1.2M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3594 | −0.033% | $12.5M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3600 | +0.134% | $6.8M | $8.4M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3598 | +0.078% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3595 | −0.006% | — | $1.7M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3594 | −0.033% | $37K | $175K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3595 | −0.011% | $502K | $416K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3594 | −0.033% | $52K | $653K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3596 | +0.022% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3662 | +1.858% | $2K | $1.3M | 20x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3597 | +0.059% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3596 | +0.022% | $1.3M | $3.8M | 75x | as long as short |
| Extended CRV-USD | +0.0240% | 1h | 0.3594 | −0.034% | $256K | $510K | 25x | as long as short |
| Hyperliquid CRV | +0.0250% | 1h | 0.3602 | +0.181% | $21.4M | $16.7M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0408% | 1h | 0.3600 | +0.134% | $354K | $4.3M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3596 | +0.032% | $210K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0664% | 1h | 0.3602 | +0.177% | $3.0M | $2.5M | 50x | as long as short |
Pacifica CRV
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Aevo CRV-PERP
BloFin CRV-USDT
Extended CRV-USD
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSD