Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.045%

Price spread now: Gate against Reya−0.207%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Gate is 0.207% cheaper against Reya than usual: you would sell low and buy high (spread −0.207% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 4.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya CRVRUSDPERP	0.3588	−0.0048	get 0.0006% / 1h	50m 29s	$15	—	15x
Short	Gate CRV_USDT	0.3581	0.0100	get 0.0100% / 8h	1h 50m	$1.8M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee GatebpOrdersPrice spread, now −0.207%Rate

Funding earned: $31.16
Price spread: −0.207% → 0.000%: −$20.73
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$10.57
Costs to cover: 0.210%
Break-even: 9.4 days

Slippage unknown: Reya: no order-book sample; Gate: live order book, 2 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 Reya no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	2.80 bp	27.1 bp −$27	120.6 bp −$1,206	doesn't fit	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Reya CRVRUSDPERPlong	−0.0048%	1h	0.3588	long leg	$15	—	15x
Phoenix CRV	−0.0045%	1h	0.3583	−0.152%	$26K	$187K	10x	as long as short
Backpack CRV_USDC_PERP	−0.0042%	1h	0.3584	−0.129%	$94K	$214K	10x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3577	−0.318%	$37K	$8K	10x	as long as short
Deribit CRV_USDC-PERPETUAL	0.0000%	1h	0.3578	−0.291%	$54K	$45K	25x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+2.273%	$79	$384K	12x	as long as short
Variational Omni CRV	+0.0061%	8h	0.3574	−0.405%	$1.1M	$95K	—	as long as short
Lighter CRV	+0.0096%	1h	0.3584	−0.129%	$379K	$711K	10x	as long as short
Hyperliquid CRV	+0.0100%	1h	0.3591	+0.066%	$21.0M	$16.4M	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3585	−0.097%	$113K	$193K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRV	+0.0100%	1h	0.3583	−0.159%	$364K	$198K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3588	−0.005%	$24.7M	$56.9M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3584	−0.124%	$27.1M	$19.4M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3590	+0.043%	$8.7M	$20.4M	50x	as long as short
Gate CRV_USDTshort	+0.0100%	8h	0.3581	−0.207%	$1.8M	$1.3M	50x
MEXC CRV_USDT	+0.0100%	8h	0.3588	−0.012%	$12.6M	$5.6M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3587	−0.040%	$6.0M	$8.3M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3587	−0.040%	$6.7M	$5.3M	75x	as long as short
BingX CRV-USDT	+0.0100%	8h	0.3588	−0.012%	—	$23.5M	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3580	−0.243%	$37K	$174K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3580	−0.235%	$507K	$445K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3582	−0.179%	$53K	$681K	50x	as long as short
Orderly PERP_CRV_USDC	+0.0100%	8h	0.3578	−0.291%	$24K	$928	10x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3655	+1.855%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3585	−0.095%	$251K	$499K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3578	−0.305%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3579	−0.263%	$1.3M	$3.9M	75x	as long as short
Coinbase International CRV-PERP-INTX	+0.0384%	1h	0.3579	−0.263%	$352K	$4.4M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0415% / S −0.0177%	1h	0.3588	−0.003%	$210K	—	100x	as long as short
Kraken Futures PF_CRVUSD	+0.0559%	1h	0.3581	−0.208%	$3.0M	$2.7M	50x	as long as short