Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.021%

Price spread now: HTX against Extended+0.117%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 3 days (all we have)−0.105%−$10 · spread now +0.117%, 7d avg +0.073%

Together, before fees−0.202%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.044% dearer against Extended than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.073%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 7 days (−0.097% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRWV-USD	85.849	0.0112	pay 0.0014% / 1h	15m 51s	$16K	$312K	10x
Short	HTX CRWV-USDT	85.950	0	get 0.0000% / 8h	6h 15m	$140K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$23.52
Price spread: +0.117% → +0.073%: $4.44
Slippage, 4 orders: −$33.23
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$69.31
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from Extended: live order book, 51 min ago; HTX: live order book, 50 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 Extended live order book, 51 min ago	2.89 bp	13.2 bp −$13	79.6 bp −$796	doesn't fit	doesn't fit
Sell HTX live order book, 50 min ago	4.63 bp	11.8 bp −$12	31.2 bp −$312	doesn't fit	doesn't fit

CRWV on 22 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	86.030	+0.210%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.880	+0.036%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.870	+0.024%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.840	−0.011%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.835	−0.017%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.800	−0.058%	$1K	$4.8M	10x	as long as short
HTX CRWV-USDTshort	0.0000%	8h	85.950	+0.117%	$140K	$2K	20x
QFEX CRWV-USD	+0.0018%	1h	85.850	+0.001%	$1.3M	$2.9M	10x	as long as short
Lighter CRWV	+0.0032%	1h	85.890	+0.047%	$104K	$30K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.840	−0.011%	$418K	$357K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRWV	+0.0036%	8h	85.854	+0.006%	$313K	$309K	—	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.810	−0.046%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.910	+0.071%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.850	+0.001%	$332K	$133K	10x	as long as short
edgeX CRWVUSDC	+0.0055%	4h	85.773	−0.089%	$88K	$202K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.870	+0.024%	$363K	$528K	20x	as long as short
Binance CRWVUSDT	+0.0108%	8h	85.870	+0.024%	$9.6M	$17.3M	25x	as long as short
Extended CRWV-USDlong	+0.0112%	1h	85.849	long leg	$16K	$312K	10x
tradeXYZ xyz:CRWV	+0.0180%	1h	85.807	−0.049%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0278%	1h	85.910	+0.071%	$1K	$46K	10x	as long as short
Bybit CRWVUSDT	+0.0331%	8h	85.920	+0.082%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0599%	1h	85.914	+0.075%	$84K	$288K	10x	as long as short