Funding you earn now, next payment 23:00 UTC+0.0478%/8h= +52.3% APRnext payment +$0.60 per $10,000 · paid last 24h +0.135%
Price spread now: Hyperliquid against Phoenix+0.497%61s7-day average +0.139% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.707%+$71 on $10k
+Price spread, last 3 days (all we have)−0.618%−$62 · spread now +0.497%, 7d avg +0.139%
=Together, before fees+0.089%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Hyperliquid is 0.359% dearer against Phoenix than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.139%. The two prices were read 61 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 | 0.3702 | −0.0108 | get 0.0014% / 1h | 50m 27s | $26K | $176K | 10x |
| Short | Hyperliquid CRV | 0.3720 | 0.0369 | get 0.0046% / 1h | 50m 27s | $23.0M | $16.3M | 10x |
Phoenix CRV
Hyperliquid CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $100.31
- Price spread: +0.497% → +0.139%
- $35.85
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $120.16
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 21 min ago; Hyperliquid: live order book, 3 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 Phoenix live order book, 21 min ago | 1.09 bp | 14.0 bp −$14 | 58.0 bp −$580 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.22 bp | 8.6 bp −$9 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | −0.859% | $79 | $384K | 12x | as long as short |
| Phoenix CRVlong | −0.0108% | 1h | 0.3702 | long leg | $26K | $176K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3714 | +0.330% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0020% | 1h | 0.3704 | +0.059% | $57K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3718 | +0.444% | $38K | $5K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0080% | 1h | 0.3698 | −0.103% | $61K | $697K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3704 | +0.059% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3717 | +0.400% | $420K | $719K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3717 | +0.407% | $133K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3717 | +0.403% | $378K | $216K | 10x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3715 | +0.364% | $26.2M | $56.3M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3715 | +0.357% | $28.4M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3714 | +0.330% | $8.9M | $21.7M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3716 | +0.384% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3717 | +0.411% | $14.7M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3721 | +0.519% | $7.3M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3718 | +0.438% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3717 | +0.411% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3689 | −0.346% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3695 | −0.179% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3695 | −0.177% | $523K | $428K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3719 | +0.465% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3714 | +0.331% | $246K | $880K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3705 | +0.093% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0154% | 1h | 0.3706 | +0.125% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3701 | −0.022% | $1.4M | $4.3M | 75x | as long as short |
| Hyperliquid CRVshort | +0.0369% | 1h | 0.3720 | +0.497% | $23.0M | $16.3M | 10x | |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3703 | +0.032% | $385K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0452% / S −0.0192% | 1h | 0.3704 | +0.065% | $240K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0635% | 1h | 0.3704 | +0.062% | $108K | $316K | 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
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP