CRWV

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0310%/8h= −33.9% APRnext payment −$3.10 per $10,000 · paid last 24h −0.054%

Price spread now: BloFin against Bybit−0.104%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.104%, 7d avg +0.009%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.113% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRWVUSDT	86.640	0.0318	pay 0.0318% / 8h	7h 26m	$2.2M	$1.2M	25x
Short	BloFin CRWV-USDT	86.550	0.0008	get 0.0008% / 8h	7h 26m	$172K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$65.09
Price spread: −0.104% → +0.009%: −$11.26
Slippage, 4 orders: −$46.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$146.33
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 30 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 Bybit live order book, 5 min ago	2.89 bp	21.5 bp −$21	76.7 bp −$767	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	4.04 bp	19.6 bp −$20	37.6 bp −$376	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	86.654	+0.016%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.630	−0.012%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.590	−0.058%	$5.6M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.610	−0.035%	$2.3M	$1.9M	20x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.460	−0.208%	$2K	$5.0M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.430	−0.242%	$141K	$2K	20x	as long as short
BloFin CRWV-USDTshort	+0.0008%	8h	86.550	−0.104%	$172K	$69K	20x
QFEX CRWV-USD	+0.0029%	1h	86.510	−0.150%	$1.4M	$3.2M	10x	as long as short
Lighter CRWV	+0.0032%	1h	86.650	+0.012%	$105K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	86.570	−0.081%	$420K	$357K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRWV-USD-PERP	+0.0046%	1h	86.620	−0.023%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.170	−0.542%	$333K	$217K	10x	as long as short
Variational Omni CRWV	+0.0082%	8h	86.332	−0.356%	$315K	$391K	—	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.530	−0.127%	$366K	$513K	20x	as long as short
GRVT CRWV_USDT_Perp	+0.0134%	8h	86.343	−0.342%	$2K	$197K	10x	as long as short
Binance CRWVUSDT	+0.0147%	8h	86.580	−0.069%	$9.7M	$17.6M	25x	as long as short
Extended CRWV-USD	+0.0152%	1h	86.571	−0.079%	$17K	$364K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0159%	1h	86.573	−0.077%	$9.7M	$7.6M	10x	as long as short
Phoenix CRWV	+0.0278%	1h	86.340	−0.346%	$1K	$44K	10x	as long as short
Bybit CRWVUSDTlong	+0.0318%	8h	86.640	long leg	$2.2M	$1.2M	25x
Arcus CRWV-USD	+0.0340%	1h	86.410	−0.265%	$64K	$78K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0379%	1h	86.610	−0.035%	$71K	$254K	10x	as long as short
edgeX CRWVUSDC	+0.0711%	4h	86.449	−0.220%	$89K	$202K	10x	as long as short