Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0186%/8h= +20.4% APRpaid last 24h +0.035%

Price spread now: Phoenix against Bitget−0.023%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.023% cheaper against Bitget than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRWVUSDT	86.040	0	get 0.0000% / 8h	47m 18s	$2.3M	$2.0M	20x
Short	Phoenix CRWV	86.020	0.0186	get 0.0023% / 1h	47m 18s	$1K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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 BitgetbpFee PhoenixbpOrdersPrice spread, now −0.023%Rate

Funding earned: $39.09
Price spread: −0.023% → 0.000%: −$2.32
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $17.76
Costs to cover: 0.190%
Break-even: 3.8 days

Slippage unknown: Bitget: live order book, 5 min ago; Phoenix: 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 Bitget live order book, 5 min ago	2.90 bp	16.4 bp −$16	30.5 bp −$305	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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.

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
BloFin CRWV-USDT	−0.0019%	8h	86.030	−0.012%	$170K	$69K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.028	−0.014%	$37K	$35K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	86.034	−0.007%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	86.046	+0.008%	$9.6M	$18.2M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.050	+0.012%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.030	−0.012%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDTlong	0.0000%	8h	86.040	long leg	$2.3M	$2.0M	20x
Variational Omni CRWV	0.0000%	8h	86.049	+0.011%	$314K	$394K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.037	−0.003%	$2K	$206K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.960	−0.093%	$1K	$5.3M	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWV-USDT	0.0000%	8h	86.090	+0.058%	$141K	$2K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.110	+0.081%	$104K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	86.040	0.000%	$422K	$445K	10x	as long as short
QFEX CRWV-USD	+0.0037%	1h	86.030	−0.012%	$1.3M	$3.3M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.080	+0.046%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.910	−0.151%	$332K	$216K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.010	−0.035%	$365K	$515K	20x	as long as short
Phoenix CRWVshort	+0.0186%	1h	86.020	−0.023%	$1K	$44K	10x
Bybit CRWVUSDT	+0.0191%	8h	86.070	+0.035%	$2.2M	$1.2M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0325%	1h	86.025	−0.017%	$9.6M	$7.6M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0417%	1h	86.084	+0.051%	$66K	$198K	10x	as long as short
Arcus CRWV-USD	+0.0456%	1h	86.020	−0.023%	$61K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0678%	4h	86.037	−0.003%	$89K	$201K	10x	as long as short