Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.071%

Price spread now: QFEX against Gate−0.012%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.096%−$10 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.012%, 7d avg −0.051%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.040% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.051%. Mind the row above: over the last 4 days funding on this pair cost −0.096%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRWV_USDT	86.020	0	get 0.0000% / 8h	5h 09m	$5.5M	$3.9M	50x
Short	QFEX CRWV-USD	86.010	0.0032	get 0.0004% / 1h	9m 15s	$1.3M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $6.79
Price spread: −0.012% → −0.051%: $3.97
Slippage, 4 orders: −$23.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$37.45
Costs to cover: 0.482%
Break-even: 45.6 days

Slippage from Gate: live order book, 4 min ago; QFEX: live order book, 3 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, 4 min ago	2.33 bp	14.5 bp −$14	45.3 bp −$453	78.2 bp −$7,823	doesn't fit
Sell QFEX live order book, 3 min ago	2.91 bp	9.1 bp −$9	11.2 bp −$112	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
BloFin CRWV-USDT	−0.0006%	8h	85.990	−0.035%	$165K	$67K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.129	+0.126%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.010	−0.012%	$2.5M	$4.8M	25x	as long as short
Gate CRWV_USDTlong	0.0000%	8h	86.020	long leg	$5.5M	$3.9M	50x
Bitget CRWVUSDT	0.0000%	8h	85.990	−0.035%	$2.0M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.948	−0.083%	$314K	$300K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.958	−0.072%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.900	−0.140%	$1K	$4.6M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.050	+0.035%	$141K	$2K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.040	+0.023%	$103K	$32K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	85.970	−0.058%	$418K	$353K	10x	as long as short
QFEX CRWV-USDshort	+0.0032%	1h	86.010	−0.012%	$1.3M	$2.7M	10x
Arcus CRWV-USD	+0.0040%	1h	85.940	−0.093%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.060	+0.047%	—	$156K	10x	as long as short
Binance CRWVUSDT	+0.0046%	8h	85.990	−0.035%	$9.6M	$17.0M	25x	as long as short
Extended CRWV-USD	+0.0048%	1h	85.968	−0.061%	$17K	$307K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	85.945	−0.087%	$9.7M	$7.8M	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.920	−0.116%	$330K	$137K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.960	−0.070%	$363K	$523K	20x	as long as short
Polymarket Perps CRWV-USD	+0.0136%	1h	85.998	−0.026%	$85K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0173%	8h	86.050	+0.035%	$2.2M	$1.2M	25x	as long as short
Phoenix CRWV	+0.0187%	1h	86.000	−0.023%	$1K	$46K	10x	as long as short
edgeX CRWVUSDC	+0.0227%	4h	85.949	−0.082%	$89K	$202K	10x	as long as short