Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.049%

Price spread now: Phoenix against GRVT−0.035%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.035% cheaper against GRVT than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRWV_USDT_Perp	85.850	0	get 0.0000% / 8h	1h 13m	$3K	$214K	10x
Short	Phoenix CRWV	85.820	0.0187	get 0.0023% / 1h	13m 12s	$1K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against GRVT. 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 GRVTbpFee PhoenixbpOrdersPrice spread, now −0.035%Rate

Funding earned: $39.22
Price spread: −0.035% → 0.000%: −$3.49
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $19.73
Costs to cover: 0.160%
Break-even: 3.5 days

Slippage unknown: GRVT: live order book, 4 min ago; Phoenix: 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 GRVT live order book, 4 min ago	2.33 bp	6.8 bp −$7	10.4 bp −$104	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
BloFin CRWV-USDT	−0.0016%	8h	85.790	−0.070%	$170K	$68K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	85.806	−0.052%	$37K	$35K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	85.781	−0.080%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	85.805	−0.053%	$9.7M	$18.4M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.830	−0.023%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.800	−0.058%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.820	−0.035%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.844	−0.007%	$313K	$396K	—	as long as short
GRVT CRWV_USDT_Perplong	0.0000%	8h	85.850	long leg	$3K	$214K	10x
SunX CRWV-USDT	0.0000%	8h	85.730	−0.140%	$2K	$5.4M	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWV-USDT	0.0000%	8h	85.800	−0.058%	$140K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0026%	1h	85.790	−0.070%	$1.3M	$3.3M	10x	as long as short
Lighter CRWV	+0.0032%	1h	85.850	0.000%	$104K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.800	−0.058%	$421K	$454K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.860	+0.012%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.600	−0.291%	$331K	$215K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0099%	1h	85.796	−0.063%	$9.6M	$7.6M	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.770	−0.093%	$363K	$509K	20x	as long as short
Bybit CRWVUSDT	+0.0157%	8h	85.820	−0.035%	$2.2M	$1.3M	25x	as long as short
edgeX CRWVUSDC	+0.0157%	4h	85.850	0.000%	$89K	$201K	10x	as long as short
Phoenix CRWVshort	+0.0187%	1h	85.820	−0.035%	$1K	$44K	10x
Polymarket Perps CRWV-USD	+0.0337%	1h	85.815	−0.041%	$65K	$197K	10x	as long as short
Arcus CRWV-USD	+0.0548%	1h	85.780	−0.082%	$61K	$76K	10x	as long as short