Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h −0.152%

Price spread now: Ondo Perps against edgeX−0.109%54s7-day average −0.116% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.629%+$63 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.109%, 7d avg −0.116%

Together, before fees+0.620%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board+$62 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.116%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.629%, so the current rate has only just turned against you. The two prices were read 54 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	85.393	0.0599	pay 0.0299% / 4h	3h 46m	$88K	$203K	10x
Short	Ondo Perps CRWV-USD.P	85.300	0.0050	get 0.0006% / 1h	46m 20s	$321K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$115.15
Price spread: −0.109% → −0.116%: $0.67
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$128.48
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 5 min ago	6.43 bp	12.5 bp −$12	39.3 bp −$393	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	85.677	+0.332%	$37K	$33K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	85.496	+0.120%	$19K	$301K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	85.551	+0.185%	$9.5M	$17.3M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.580	+0.218%	$2.5M	$4.9M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.590	+0.230%	$5.4M	$3.7M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.560	+0.195%	$1.9M	$2.1M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.600	+0.242%	$312K	$299K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.390	−0.004%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.480	+0.101%	$1K	$4.5M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	84.990	−0.472%	$139K	$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	+0.0010%	8h	85.510	+0.136%	$162K	$67K	20x	as long as short
QFEX CRWV-USD	+0.0025%	1h	85.530	+0.160%	$1.3M	$2.5M	10x	as long as short
Lighter CRWV	+0.0032%	1h	85.560	+0.195%	$102K	$29K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.480	+0.101%	$415K	$355K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.480	+0.101%	$64K	$78K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.550	+0.183%	—	$156K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	85.532	+0.162%	$9.5M	$8.0M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0050%	1h	85.501	+0.126%	$83K	$294K	10x	as long as short
Ondo Perps CRWV-USD.Pshort	+0.0050%	1h	85.300	−0.109%	$321K	$147K	10x
Phoenix CRWV	+0.0093%	1h	85.350	−0.051%	$1K	$45K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.450	+0.066%	$361K	$517K	20x	as long as short
Bybit CRWVUSDT	+0.0121%	8h	85.540	+0.172%	$2.1M	$1.1M	25x	as long as short
edgeX CRWVUSDClong	+0.0599%	4h	85.393	long leg	$88K	$203K	10x