Funding you earn now, next payment 01:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.068%
Price spread now: Bybit against Phoenix+0.041%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$620.622% of the position
Funding, last 7 days+0.509%+$51 on $10k
+Price spread, last 4 days (all we have)−1.594%−$159 · spread now +0.041%, 7d avg −0.062%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.103% dearer against Phoenix than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3644 | −0.0066 | get 0.0008% / 1h | 21m 21s | $26K | $162K | 10x |
| Short | Bybit CRVUSDT | 0.3646 | 0.0100 | get 0.0100% / 8h | 6h 21m | $27.7M | $18.0M | 75x |
Phoenix CRV
Bybit CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $34.84
- Price spread: +0.041% → −0.062%
- $10.35
- Slippage, 4 orders
- −$44.23
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$17.04
- Costs to cover
- 0.622%
- Break-even
- 10.4 days
Slippage from Phoenix: live order book, 40 min ago; Bybit: live order book, 2 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, 40 min ago | 1.38 bp | 17.1 bp −$17 | 75.0 bp −$750 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.37 bp | 13.5 bp −$14 | 36.2 bp −$362 | 152.5 bp −$15.2K | doesn't fit |
CRV on 29 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 | −0.0066% | 1h | 0.3644 | long leg | $26K | $162K | 10x | |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3647 | +0.065% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0024% | 1h | 0.3651 | +0.178% | $56K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3644 | −0.006% | $38K | $6K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.700% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3645 | +0.014% | $24K | $979 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3644 | −0.025% | $383K | $714K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3653 | +0.230% | $22.2M | $15.3M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3648 | +0.090% | $130K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3645 | +0.010% | $368K | $196K | 10x | as long as short |
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid CRV
Aster CRVUSDT
Pacifica CRVShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3648 | +0.096% | $25.2M | $55.5M | 75x | as long as short |
| Bybit CRVUSDTshort | +0.0100% | 8h | 0.3646 | +0.041% | $27.7M | $18.0M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3645 | +0.014% | $8.8M | $21.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3647 | +0.069% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3648 | +0.096% | $15.0M | $5.4M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3645 | +0.014% | $6.3M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3647 | +0.069% | $6.8M | $5.5M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3648 | +0.096% | — | $23.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3653 | +0.225% | $98K | $300K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3636 | −0.236% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3640 | −0.134% | $37K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3645 | +0.017% | $514K | $438K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3645 | +0.014% | $53K | $686K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3704 | +1.633% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3643 | −0.040% | $239K | $478K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3644 | −0.006% | $13K | $6K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0290% | 1h | 0.3651 | +0.170% | $3.1M | $2.7M | 50x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3653 | +0.233% | $382K | $4.2M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0456% / S −0.0203% | 1h | 0.3649 | +0.114% | $232K | — | 100x | as long as short |
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]