Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0813%/8h= −89.0% APRpaid last 24h −0.152%

Price spread now: Lighter against edgeX+0.322%79s7-day average −0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as 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−$570.568% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.594%+$59 on $10k

Price spread, last 3 days (all we have)−0.363%−$36 · spread now +0.322%, 7d avg −0.095%

Together, before fees+0.231%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.417% dearer against edgeX than usual: you sell high and buy low (spread +0.322% now, against its 7-day average of −0.095%): +$42 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 41 hours. Mind the row above: over the last 7 days funding on this pair paid +0.594%, so the current rate has only just turned against you. The two prices were read 79 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	edgeX CRWVUSDC	86.202	0.0845	pay 0.0422% / 4h	18m 02s	$89K	$201K	10x
Short	Lighter CRWV	86.480	0.0032	get 0.0004% / 1h	18m 02s	$105K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.322%Rate

Funding earned: −$170.69
Price spread: +0.322% → −0.095%: $41.7
Slippage, 4 orders: −$47.83
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$185.82
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from edgeX: live order book, 59 min ago; Lighter: live order book, 41 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 edgeX live order book, 59 min ago	4.66 bp	13.8 bp −$14	39.4 bp −$394	doesn't fit	doesn't fit
Sell Lighter live order book, 41 min ago	13.94 bp	18.2 bp −$18	25.2 bp −$252	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	86.516	+0.363%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.460	+0.299%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.390	+0.218%	$5.6M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.390	+0.218%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.323	+0.140%	$315K	$391K	—	as long as short
SunX CRWV-USDT	0.0000%	8h	86.330	+0.148%	$1K	$5.3M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.400	+0.229%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0015%	8h	86.390	+0.218%	$171K	$69K	20x	as long as short
GRVT CRWV_USDT_Perp	+0.0029%	8h	86.212	+0.011%	$2K	$205K	10x	as long as short
Lighter CRWVshort	+0.0032%	1h	86.480	+0.322%	$105K	$32K	10x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	86.440	+0.276%	$424K	$445K	10x	as long as short
QFEX CRWV-USD	+0.0037%	1h	86.380	+0.206%	$1.4M	$3.3M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.500	+0.345%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.290	+0.102%	$333K	$217K	10x	as long as short
Extended CRWV-USD	+0.0064%	1h	86.414	+0.245%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	+0.0068%	8h	86.430	+0.264%	$9.7M	$18.0M	25x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.290	+0.102%	$365K	$515K	20x	as long as short
Phoenix CRWV	+0.0186%	1h	86.340	+0.160%	$1K	$44K	10x	as long as short
Bybit CRWVUSDT	+0.0213%	8h	86.450	+0.287%	$2.2M	$1.2M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0214%	1h	86.404	+0.234%	$9.6M	$7.6M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0325%	1h	86.455	+0.293%	$67K	$198K	10x	as long as short
Arcus CRWV-USD	+0.0456%	1h	86.390	+0.218%	$62K	$76K	10x	as long as short
edgeX CRWVUSDClong	+0.0845%	4h	86.202	long leg	$89K	$201K	10x