Funding you earn now, next payment 05:00 UTC+0.0055%/8h= +6.1% APRpaid last 24h +0.063%
Price spread now: BingX against Phoenix−0.616%94s7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as 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−$590.593% of the position
Funding, last 7 days+0.584%+$58 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BingX is 0.616% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.616% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$62 on $10k: about 37 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.584% in total) that is about 7.4 days. The two prices were read 94 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 | 0.3571 | 0.0045 | pay 0.0006% / 1h | 33m 48s | $25K | $177K | 10x |
| Short | BingX CRV-USDT | 0.3549 | 0.0100 | get 0.0100% / 8h | 2h 33m | — | $23.5M | — |
Phoenix CRV
BingX CRV-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $11.62
- Price spread: −0.616% → 0.000%
- −$61.61
- Slippage, 4 orders
- −$42.32
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$109.3
- Costs to cover
- 0.593%
- Break-even
- 72.9 days
Slippage from Phoenix: live order book, 8 min ago; BingX: live order book, 5 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, 8 min ago | 1.41 bp | 17.1 bp −$17 | 75.1 bp −$751 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.81 bp | 12.9 bp −$13 | 27.2 bp −$272 | 81.9 bp −$8,189 | 323.4 bp −$161.7K |
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 | −0.0103% | 1h | 0.3554 | −0.484% | $93K | $259K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3555 | −0.435% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0031% | 1h | 0.3552 | −0.532% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3566 | −0.154% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.772% | $79 | $384K | 12x | as long as short |
| Phoenix CRVlong | +0.0045% | 1h | 0.3571 | long leg | $25K | $177K | 10x | |
| Variational Omni CRV | +0.0095% | 8h | 0.3565 | −0.169% | $1.1M | $94K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3553 | −0.507% | $377K | $701K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3553 | −0.501% | $20.6M | $16.2M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3554 | −0.489% | $112K | $193K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Variational Omni CRV
Lighter CRV
Hyperliquid 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 | 0.3561 | −0.283% | $361K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3550 | −0.588% | $24.4M | $56.3M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3547 | −0.672% | $26.8M | $19.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3551 | −0.560% | $8.7M | $20.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3552 | −0.532% | $1.8M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3551 | −0.560% | $12.7M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3551 | −0.560% | $5.9M | $8.4M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3551 | −0.560% | $6.6M | $5.3M | 75x | as long as short |
| BingX CRV-USDTshort | +0.0100% | 8h | 0.3549 | −0.616% | — | $23.5M | — | |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3564 | −0.193% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3566 | −0.142% | $501K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3566 | −0.140% | $53K | $682K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3554 | −0.476% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3623 | +1.456% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3550 | −0.600% | $252K | $497K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3554 | −0.484% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3579 | +0.224% | $1.4M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3555 | −0.455% | $208K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3558 | −0.364% | $354K | $4.2M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0684% | 1h | 0.3556 | −0.426% | $3.0M | $2.6M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD