Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.035%

Price spread now: Lighter against BloFin−0.023%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.023%, 7d avg −0.100%

Together, before fees−0.060%+ Points / potential airdropLighter: Season 3 · farm board−$6 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 Lighter is 0.077% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.100%. Mind the row above: over the last 7 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRWV-USDT	85.770	0.0009	pay 0.0009% / 8h	1h 45m	$170K	$68K	20x
Short	Lighter CRWV	85.750	0.0032	get 0.0004% / 1h	45m 11s	$104K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.023%Rate

Funding earned: $4.78
Price spread: −0.023% → −0.100%: $7.66
Slippage, 4 orders: −$41.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.14
Costs to cover: 0.536%
Break-even: 67.2 days

Slippage from BloFin: live order book, 29 min ago; Lighter: live order book, 28 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 BloFin live order book, 29 min ago	0.58 bp	10.7 bp −$11	26.7 bp −$267	doesn't fit	doesn't fit
Sell Lighter live order book, 28 min ago	9.91 bp	23.2 bp −$23	33.3 bp −$333	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	85.753	−0.019%	$37K	$35K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	85.704	−0.077%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	85.720	−0.058%	$9.7M	$18.3M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.710	−0.070%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.700	−0.082%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.710	−0.070%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.677	−0.109%	$313K	$396K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.750	−0.023%	$2K	$219K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.600	−0.198%	$2K	$5.4M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.760	−0.012%	$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-USDTlong	+0.0009%	8h	85.770	long leg	$170K	$68K	20x
QFEX CRWV-USD	+0.0026%	1h	85.660	−0.128%	$1.3M	$3.3M	10x	as long as short
Lighter CRWVshort	+0.0032%	1h	85.750	−0.023%	$104K	$32K	10x
Lighter RH CRWV	+0.0032%	1h	85.710	−0.070%	$421K	$454K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.720	−0.058%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.650	−0.140%	$331K	$215K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.700	−0.082%	$362K	$517K	20x	as long as short
Bybit CRWVUSDT	+0.0155%	8h	85.710	−0.070%	$2.2M	$1.3M	25x	as long as short
Phoenix CRWV	+0.0187%	1h	85.610	−0.187%	$1K	$44K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0227%	1h	85.660	−0.128%	$9.6M	$7.6M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0471%	1h	85.738	−0.037%	$68K	$193K	10x	as long as short
Arcus CRWV-USD	+0.0548%	1h	85.700	−0.082%	$61K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0556%	4h	85.715	−0.064%	$88K	$201K	10x	as long as short