Funding you earn now, next payment 22:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.066%
Price spread now: OKX against Phoenix+0.201%7-day average −0.047% · 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−$31as in the Price arb table
costs, in and out, $10k−$560.560% of the position
Funding, last 7 days+0.533%+$53 on $10k
+Price spread, last 3 days (all we have)−0.673%−$67 · spread now +0.201%, 7d avg −0.047%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.248% dearer against Phoenix than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRV | 0.3680 | −0.0176 | get 0.0022% / 1h | 3m 30s | $26K | $181K | 10x |
| Short | OKX CRV-USDT-SWAP | 0.3687 | 0.0100 | get 0.0100% / 8h | 1h 03m | $8.8M | $21.8M | 50x |
Phoenix CRV
OKX CRV-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $57.99
- Price spread: +0.201% → −0.047%
- $24.81
- Slippage, 4 orders
- −$39.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $26.79
- Costs to cover
- 0.560%
- Break-even
- 3.8 days
Slippage from Phoenix: live order book, 8 min ago; OKX: 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 | 1.09 bp | 14.0 bp −$14 | 58.0 bp −$580 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.72 bp | 15.2 bp −$15 | 41.9 bp −$419 | 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 | −0.0228% | 1h | 0.3670 | −0.261% | $79 | $384K | 12x | as long as short |
| Phoenix CRVlong | −0.0176% | 1h | 0.3680 | long leg | $26K | $181K | 10x | |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3689 | +0.242% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0021% | 1h | 0.3691 | +0.310% | $57K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3689 | +0.256% | $38K | $5K | 10x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0027% | 1h | 0.3695 | +0.429% | $3.1M | $3.0M | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3691 | +0.310% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3690 | +0.280% | $417K | $708K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3691 | +0.322% | $132K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3690 | +0.289% | $371K | $208K | 10x | as long as short |
Injective CRV/USDC PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Kraken Futures PF_CRVUSD
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 | 0.3686 | +0.165% | $25.9M | $56.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3687 | +0.201% | $28.2M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAPshort | +0.0100% | 8h | 0.3687 | +0.201% | $8.8M | $21.8M | 50x | |
| Gate CRV_USDT | +0.0100% | 8h | 0.3691 | +0.310% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3689 | +0.255% | $14.7M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3691 | +0.310% | $7.3M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3691 | +0.310% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3690 | +0.283% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3668 | −0.315% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3674 | −0.144% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3674 | −0.140% | $520K | $427K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3673 | −0.179% | $60K | $698K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3715 | +0.962% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3689 | +0.263% | $244K | $882K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3691 | +0.310% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3684 | +0.120% | $1.4M | $4.2M | 75x | as long as short |
| Hyperliquid CRV | +0.0354% | 1h | 0.3695 | +0.421% | $22.9M | $16.3M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3694 | +0.391% | $387K | $4.8M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0450% / S −0.0189% | 1h | 0.3693 | +0.351% | $239K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0508% | 1h | 0.3698 | +0.486% | $108K | $354K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP