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 −0.007%

Price spread now: QFEX against GRVT+0.063%7-day average −0.044% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.063%, 7d avg −0.044%

Together, before fees−0.253%+ Points / potential airdropGRVT: Active · farm board−$25 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 0.107% dearer against GRVT than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRWV_USDT_Perp	85.986	0	get 0.0000% / 8h	5h 04m	$2K	$192K	10x
Short	QFEX CRWV-USD	86.040	0.0032	get 0.0004% / 1h	4m 58s	$1.3M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.063%Rate

Funding earned: $6.79
Price spread: +0.063% → −0.044%: $10.68
Slippage, 4 orders: −$27.39
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$28.92
Costs to cover: 0.464%
Break-even: 36.8 days

Slippage from GRVT: live order book, 53 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 GRVT live order book, 53 min ago	1.75 bp	12.3 bp −$12	32.0 bp −$320	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.33 bp	9.6 bp −$10	11.7 bp −$117	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	86.151	+0.191%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.170	+0.214%	$2.5M	$4.8M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.140	+0.179%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.120	+0.156%	$2.0M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.013	+0.032%	$314K	$299K	—	as long as short
GRVT CRWV_USDT_Perplong	0.0000%	8h	85.986	long leg	$2K	$192K	10x
SunX CRWV-USDT	0.0000%	8h	86.020	+0.040%	$1K	$4.6M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.110	+0.144%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0005%	8h	86.030	+0.051%	$166K	$67K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.080	+0.109%	$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	86.030	+0.051%	$419K	$353K	10x	as long as short
QFEX CRWV-USDshort	+0.0032%	1h	86.040	+0.063%	$1.3M	$2.7M	10x
Binance CRWVUSDT	+0.0038%	8h	86.149	+0.189%	$9.6M	$17.0M	25x	as long as short
Extended CRWV-USD	+0.0040%	1h	86.131	+0.169%	$17K	$307K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.980	−0.007%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.140	+0.179%	—	$156K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	86.103	+0.136%	$9.7M	$7.9M	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.970	−0.019%	$331K	$137K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.020	+0.040%	$364K	$520K	20x	as long as short
Polymarket Perps CRWV-USD	+0.0125%	1h	86.081	+0.110%	$85K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0167%	8h	86.170	+0.214%	$2.2M	$1.2M	25x	as long as short
Phoenix CRWV	+0.0187%	1h	86.000	+0.016%	$1K	$46K	10x	as long as short
edgeX CRWVUSDC	+0.0910%	4h	85.999	+0.015%	$89K	$202K	10x	as long as short