Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0357%/8h= +39.1% APRpaid last 24h −0.054%

Price spread now: Polymarket Perps against Bybit+0.011%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.205%+$21 · spread now +0.011%, 7d avg −0.040%

Together, before fees+0.234%+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Polymarket Perps is 0.051% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.040%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment. 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	85.700	0.0127	pay 0.0127% / 8h	1h 58m	$2.2M	$1.3M	25x
Short	Polymarket Perps CRWV-USD	85.709	0.0484	get 0.0061% / 1h	58m 59s	$68K	$193K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.011%Rate

Funding earned: $75.04
Price spread: +0.011% → −0.040%: $5.06
Slippage, 4 orders: −$28.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $32.89
Costs to cover: 0.472%
Break-even: 3.9 days

Slippage from Bybit: live order book, 3 min ago; Polymarket Perps: live order book, 23 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, 3 min ago	2.33 bp	16.5 bp −$17	66.4 bp −$664	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 23 min ago	3.44 bp	7.5 bp −$8	8.1 bp −$81	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	85.686	−0.016%	$37K	$35K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	85.676	−0.028%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	85.696	−0.005%	$9.7M	$18.3M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.690	−0.012%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.670	−0.035%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.670	−0.035%	$2.2M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.682	−0.021%	$312K	$396K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.663	−0.043%	$2K	$222K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.580	−0.140%	$1K	$5.4M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.700	0.000%	$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	+0.0025%	8h	85.700	0.000%	$171K	$68K	20x	as long as short
Lighter CRWV	+0.0032%	1h	85.730	+0.035%	$104K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.660	−0.047%	$421K	$454K	10x	as long as short
QFEX CRWV-USD	+0.0032%	1h	85.650	−0.058%	$1.3M	$3.3M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.670	−0.035%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.500	−0.233%	$331K	$215K	10x	as long as short
Phoenix CRWV	+0.0093%	1h	85.630	−0.082%	$1K	$43K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.650	−0.058%	$361K	$518K	20x	as long as short
Bybit CRWVUSDTlong	+0.0127%	8h	85.700	long leg	$2.2M	$1.3M	25x
tradeXYZ xyz:CRWV	+0.0309%	1h	85.647	−0.062%	$9.6M	$7.7M	10x	as long as short
Polymarket Perps CRWV-USDshort	+0.0484%	1h	85.709	+0.011%	$68K	$193K	10x
Arcus CRWV-USD	+0.0548%	1h	85.670	−0.035%	$61K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0651%	4h	85.682	−0.021%	$88K	$201K	10x	as long as short