Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.116%

Price spread now: HTX against Gate+0.012%50s7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as 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−$530.527% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.381%−$38 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.012%, 7d avg +0.053%

Together, before fees−0.432%−$43 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.042% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.053%. The two prices were read 50 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	Gate CRWV_USDT	86.390	0	get 0.0000% / 8h	17m 20s	$5.6M	$3.9M	50x
Short	HTX CRWV-USDT	86.400	0	get 0.0000% / 8h	17m 20s	$141K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.053%: −$4.19
Slippage, 4 orders: −$25.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$56.9
Costs to cover: 0.527%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; HTX: live order book, 59 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 Gate live order book, 1 min ago	3.47 bp	18.2 bp −$18	55.6 bp −$556	84.7 bp −$8,471	doesn't fit
Sell HTX live order book, 59 min ago	4.08 bp	11.2 bp −$11	28.1 bp −$281	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	86.494	+0.120%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.410	+0.023%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDTlong	0.0000%	8h	86.390	long leg	$5.6M	$3.9M	50x
Bitget CRWVUSDT	0.0000%	8h	86.410	+0.023%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.323	−0.077%	$315K	$391K	—	as long as short
SunX CRWV-USDT	0.0000%	8h	86.320	−0.081%	$1K	$5.3M	10x	as long as short
HTX CRWV-USDTshort	0.0000%	8h	86.400	+0.012%	$141K	$2K	20x
BloFin CRWV-USDT	+0.0015%	8h	86.390	0.000%	$171K	$69K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.460	+0.081%	$105K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	86.400	+0.012%	$424K	$445K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWV-USD	+0.0037%	1h	86.380	−0.012%	$1.4M	$3.3M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.510	+0.139%	—	$156K	10x	as long as short
GRVT CRWV_USDT_Perp	+0.0047%	8h	86.379	−0.013%	$2K	$205K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.290	−0.116%	$333K	$217K	10x	as long as short
Extended CRWV-USD	+0.0072%	1h	86.398	+0.009%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	+0.0074%	8h	86.415	+0.029%	$9.7M	$18.0M	25x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.310	−0.093%	$365K	$515K	20x	as long as short
Phoenix CRWV	+0.0186%	1h	86.340	−0.058%	$1K	$44K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0211%	1h	86.380	−0.012%	$9.6M	$7.6M	10x	as long as short
Bybit CRWVUSDT	+0.0213%	8h	86.460	+0.081%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0323%	1h	86.442	+0.060%	$67K	$198K	10x	as long as short
Arcus CRWV-USD	+0.0456%	1h	86.370	−0.023%	$62K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0906%	4h	86.377	−0.015%	$89K	$201K	10x	as long as short