Funding you earn now, next payment 06:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.020%
Price spread now: GMX against Variational Omni−0.398%50s7-day average +0.095% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)+0.586%+$59 · spread now −0.398%, 7d avg +0.095%
=Together, before fees+0.798%+ Points / potential airdropVariational Omni: Active · farm board+$80 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.493% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.398% now, against its 7-day average of +0.095%). If the spread goes back, that is −$49 on $10k: about 20 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.212% in total) that is about 7.9 days. The two prices were read 50 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 | Variational Omni CRV | 0.3565 | 0.0095 | pay 0.0095% / 8h | 2h 31m | $1.1M | $94K | — |
| Short | GMX CRV/USD [ETH-USDC] | 0.3551 | L +0.0413% / S −0.0177% | get 0.0022% / 1h | 31m 32s | $208K | — | 100x |
Variational Omni CRV
GMX CRV/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- $17.23
- Price spread: −0.398% → +0.095%
- −$49.34
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$44.11
- Costs to cover
- 0.120%
- Break-even
- 24.9 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; GMX: no order-book sample. 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 Variational Omni RFQ quote, 3 min ago | 4.23 bp | doesn't fit | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0122% | 1h | 0.3552 | −0.355% | $93K | $259K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3551 | −0.392% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0032% | 1h | 0.3550 | −0.419% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3547 | −0.490% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.947% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | +0.0045% | 1h | 0.3552 | −0.377% | $25K | $177K | 10x | as long as short |
| Variational Omni CRVlong | +0.0095% | 8h | 0.3565 | long leg | $1.1M | $94K | — | |
| Lighter CRV | +0.0096% | 1h | 0.3551 | −0.391% | $377K | $701K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3555 | −0.285% | $20.6M | $16.2M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3551 | −0.396% | $112K | $193K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Phoenix CRV
Lighter CRV
Hyperliquid CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3551 | −0.393% | $360K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3552 | −0.363% | $24.5M | $56.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3548 | −0.475% | $26.8M | $19.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3551 | −0.391% | $8.7M | $20.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3551 | −0.391% | $1.8M | $1.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3552 | −0.363% | $12.6M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3550 | −0.419% | $5.9M | $8.4M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3552 | −0.363% | $6.6M | $5.3M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3550 | −0.419% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3550 | −0.423% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3551 | −0.399% | $499K | $431K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3553 | −0.335% | $53K | $682K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3551 | −0.391% | $24K | $902 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3626 | +1.713% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3551 | −0.404% | $252K | $498K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3550 | −0.420% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3549 | −0.447% | $1.3M | $3.9M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC]short | L +0.0413% / S −0.0177% | 1h | 0.3551 | −0.398% | $208K | — | 100x | |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3555 | −0.279% | $353K | $4.2M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0685% | 1h | 0.3553 | −0.336% | $3.0M | $2.6M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC 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
Kraken Futures PF_CRVUSD