Funding you earn now, next payment 10:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.052%
Price spread now: MEXC against Phoenix0.000%77s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs+$3as 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−$480.475% of the position
Funding, last 7 days+0.507%+$51 on $10k
+Price spread, last 4 days (all we have)−0.450%−$45 · spread now 0.000%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.043% dearer against Phoenix than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 77 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 | 0.3588 | −0.0022 | get 0.0003% / 1h | 6m 07s | $26K | $171K | 10x |
| Short | MEXC CRV_USDT | 0.3588 | 0.0100 | get 0.0100% / 8h | 5h 06m | $12.6M | $5.3M | 125x |
Phoenix CRV
MEXC CRV_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $25.71
- Price spread: 0.000% → −0.043%
- $4.28
- Slippage, 4 orders
- −$36.53
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$17.54
- Costs to cover
- 0.475%
- Break-even
- 11.8 days
Slippage from Phoenix: live order book, 33 min ago; MEXC: 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, 33 min ago | 1.40 bp | 17.1 bp −$17 | 74.7 bp −$747 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.40 bp | 7.3 bp −$7 | 19.6 bp −$196 | 69.7 bp −$6,971 | 120.0 bp −$60.0K |
CRV on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CRV | −0.0141% | 8h | 0.3579 | −0.262% | $1.1M | $129K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3588 | −0.012% | $15 | — | 15x | as long as short |
| Phoenix CRVlong | −0.0022% | 1h | 0.3588 | long leg | $26K | $171K | 10x | |
| dYdX CRV-USD | 0.0000% | 1h | 0.3590 | +0.044% | $40K | $13K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3589 | +0.028% | $55K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.285% | $79 | $384K | 12x | as long as short |
| Backpack CRV_USDC_PERP | +0.0057% | 1h | 0.3590 | +0.067% | $93K | $214K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3589 | +0.042% | $387K | $616K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3591 | +0.085% | $140K | $129K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3592 | +0.106% | $363K | $190K | 10x | as long as short |
Variational Omni CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Backpack CRV_USDC_PERP
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3588 | +0.004% | $24.9M | $51.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3584 | −0.111% | $26.8M | $18.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3585 | −0.084% | $8.7M | $18.7M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3590 | +0.056% | $1.8M | $1.1M | 50x | as long as short |
| MEXC CRV_USDTshort | +0.0100% | 8h | 0.3588 | 0.000% | $12.6M | $5.3M | 125x | |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3591 | +0.084% | $6.5M | $8.3M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3591 | +0.084% | $6.8M | $4.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3587 | −0.028% | — | $40.0M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3585 | −0.089% | $37K | $170K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3590 | +0.056% | $510K | $377K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3588 | 0.000% | $52K | $648K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3589 | +0.028% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3663 | +2.090% | $2K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3587 | −0.018% | $255K | $532K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3589 | +0.031% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3585 | −0.084% | $1.3M | $3.5M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0392% | 1h | 0.3591 | +0.084% | $357K | $4.0M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0416% / S −0.0178% | 1h | 0.3589 | +0.037% | $211K | — | 100x | as long as short |
| Hyperliquid CRV | +0.0486% | 1h | 0.3594 | +0.156% | $21.5M | $16.0M | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0656% | 1h | 0.3593 | +0.151% | $3.0M | $2.1M | 50x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
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
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV
Kraken Futures PF_CRVUSD