Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.002%

Price spread now: QFEX against Binance+0.008%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 2 days (all we have)+0.002%$0 · spread now +0.008%, 7d avg −0.021%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.029% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRWVUSDT	85.903	0	get 0.0000% / 8h	1h 08m	$9.6M	$18.4M	25x
Short	QFEX CRWV-USD	85.910	0.0026	get 0.0003% / 1h	8m 00s	$1.3M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Binance. 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 BinancebpFee QFEXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $5.48
Price spread: +0.008% → −0.021%: $2.94
Slippage, 4 orders: −$16.7
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$28.29
Costs to cover: 0.367%
Break-even: 43.2 days

Slippage from Binance: live order book, 3 min ago; QFEX: live order book, 10 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 Binance live order book, 3 min ago	0.58 bp	10.8 bp −$11	19.9 bp −$199	80.2 bp −$8,018	doesn't fit
Sell QFEX live order book, 10 min ago	1.75 bp	7.9 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit

CRWV on 23 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
Aster CRWVUSDT	0.0000%	8h	85.927	+0.028%	$37K	$35K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	85.886	−0.020%	$14K	$228K	10x	as long as short
Binance CRWVUSDTlong	0.0000%	8h	85.903	long leg	$9.6M	$18.4M	25x
OKX CRWV-USDT-SWAP	0.0000%	8h	85.910	+0.008%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.890	−0.015%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.900	−0.004%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.948	+0.053%	$313K	$396K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.825	−0.090%	$3K	$214K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.850	−0.062%	$1K	$5.4M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.950	+0.055%	$140K	$2K	20x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CRWV-USDT	+0.0014%	8h	85.950	+0.055%	$171K	$68K	20x	as long as short
QFEX CRWV-USDshort	+0.0026%	1h	85.910	+0.008%	$1.3M	$3.3M	10x
Lighter CRWV	+0.0032%	1h	85.970	+0.078%	$104K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.890	−0.015%	$422K	$454K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.020	+0.136%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.950	+0.055%	$332K	$216K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0090%	1h	85.871	−0.037%	$9.6M	$7.6M	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.880	−0.027%	$363K	$510K	20x	as long as short
Bybit CRWVUSDT	+0.0154%	8h	85.960	+0.066%	$2.2M	$1.3M	25x	as long as short
Phoenix CRWV	+0.0187%	1h	85.920	+0.020%	$1K	$44K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0318%	1h	85.988	+0.099%	$66K	$199K	10x	as long as short
Arcus CRWV-USD	+0.0548%	1h	85.920	+0.020%	$61K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0766%	4h	85.935	+0.038%	$89K	$200K	10x	as long as short