Funding you earn now, next payment 04:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h −0.021%
Price spread now: Phoenix against Reya+0.255%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.255% dearer against Reya than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya CRVRUSDPERP | 0.3637 | −0.0048 | get 0.0006% / 1h | 46m 39s | $16 | — | 15x |
| Short | Phoenix CRV | 0.3647 | 0.0044 | get 0.0006% / 1h | 46m 39s | $26K | $176K | 10x |
Reya CRVRUSDPERP
Phoenix CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Reya. 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
- $19.41
- Price spread: +0.255% → 0.000%
- $25.53
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $31.94
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Phoenix: live order book, 65 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 Phoenix live order book, 65 min ago | 1.39 bp | 16.9 bp −$17 | 63.4 bp −$634 | 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 | 0.3637 | long leg | $16 | — | 15x | |
| dYdX CRV-USD | 0.0000% | 1h | 0.3641 | +0.104% | $38K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3638 | +0.016% | $55K | $47K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.896% | $79 | $384K | 12x | as long as short |
| Phoenix CRVshort | +0.0044% | 1h | 0.3647 | +0.255% | $26K | $176K | 10x | |
| Lighter CRV | +0.0096% | 1h | 0.3641 | +0.093% | $385K | $698K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3639 | +0.044% | $24K | $902 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3641 | +0.090% | $130K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3641 | +0.093% | $369K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3641 | +0.099% | $25.0M | $54.5M | 75x | as long as short |
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3639 | +0.044% | $27.5M | $17.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3641 | +0.099% | $8.8M | $20.3M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3641 | +0.099% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3640 | +0.071% | $13.5M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3642 | +0.126% | $6.1M | $8.6M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3643 | +0.154% | $6.8M | $5.0M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3639 | +0.044% | — | $1.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3641 | +0.104% | $102K | $256K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3646 | +0.232% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3633 | −0.110% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3637 | −0.015% | $514K | $451K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3637 | −0.011% | $52K | $685K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3692 | +1.501% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3638 | +0.022% | $258K | $493K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3639 | +0.044% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3638 | +0.016% | $1.4M | $4.1M | 75x | as long as short |
| Hyperliquid CRV | +0.0363% | 1h | 0.3648 | +0.277% | $22.0M | $14.9M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0177% | 1h | 0.3639 | +0.036% | $213K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3646 | +0.236% | $373K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0723% | 1h | 0.3641 | +0.110% | $3.1M | $2.6M | 50x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
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
BloFin CRV-USDT
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD