Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h −0.029%

Price spread now: Lighter RH against BloFin−0.476%571s7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.349% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 3 days (all we have)+0.443%+$44 · spread now −0.476%, 7d avg −0.109%

Together, before fees+0.326%+ Points / potential airdropLighter RH: Points live · farm board+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.367% cheaper against BloFin than usual: you would sell low and buy high (spread −0.476% now, against its 7-day average of −0.109%). If the spread goes back, that is −$37 on $10k: about 21 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.117%, so the current rate has only just turned in your favour. The two prices were read 571 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	BloFin CRWV-USDT	86.180	−0.0027	get 0.0027% / 8h	6h 39m	$171K	$68K	20x
Short	Lighter RH CRWV	85.770	0.0032	get 0.0004% / 1h	39m 33s	$417K	$356K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.476%Rate

Funding earned: $12.29
Price spread: −0.476% → −0.109%: −$36.66
Slippage, 4 orders: −$22.87
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$59.25
Costs to cover: 0.349%
Break-even: 40.8 days

Slippage from BloFin: live order book, 12 min ago; Lighter RH: 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, 12 min ago	2.90 bp	12.0 bp −$12	23.1 bp −$231	doesn't fit	doesn't fit
Sell Lighter RH live order book, 28 min ago	2.89 bp	3.5 bp −$3	10.4 bp −$104	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
BloFin CRWV-USDTlong	−0.0027%	8h	86.180	long leg	$171K	$68K	20x
Aster CRWVUSDT	0.0000%	8h	85.911	−0.312%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.800	−0.441%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.810	−0.429%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.890	−0.337%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.870	−0.359%	$3K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.760	−0.487%	$1K	$4.9M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.860	−0.371%	$140K	$2K	20x	as long as short
edgeX CRWVUSDC	+0.0012%	4h	85.867	−0.363%	$88K	$201K	10x	as long as short
QFEX CRWV-USD	+0.0018%	1h	85.730	−0.522%	$1.3M	$3.0M	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWVshort	+0.0032%	1h	85.770	−0.476%	$417K	$356K	10x
Arcus CRWV-USD	+0.0040%	1h	85.790	−0.453%	$64K	$78K	10x	as long as short
Variational Omni CRWV	+0.0041%	8h	85.842	−0.393%	$313K	$391K	—	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.770	−0.476%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.630	−0.638%	$331K	$218K	10x	as long as short
Lighter CRWV	+0.0056%	1h	85.840	−0.395%	$104K	$30K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.740	−0.511%	$363K	$519K	20x	as long as short
Extended CRWV-USD	+0.0112%	1h	85.767	−0.479%	$19K	$309K	10x	as long as short
Binance CRWVUSDT	+0.0114%	8h	85.756	−0.492%	$9.6M	$17.5M	25x	as long as short
Phoenix CRWV	+0.0278%	1h	85.890	−0.337%	$1K	$46K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0331%	1h	85.768	−0.478%	$9.9M	$8.0M	10x	as long as short
Bybit CRWVUSDT	+0.0407%	8h	85.800	−0.441%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0677%	1h	85.840	−0.395%	$70K	$268K	10x	as long as short