Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0278%/8h= +30.4% APRpaid last 24h +0.049%

Price spread now: Phoenix against HTX−0.058%72s7-day average — · you buy dearer than you sell

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

Long on HTX 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—needs both histories

Funding pays, the price is against you. Phoenix is 0.058% cheaper against HTX than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$8 a day). The two prices were read 72 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	HTX CRWV-USDT	86.100	0	get 0.0000% / 8h	6h 46m	$141K	$2K	20x
Short	Phoenix CRWV	86.050	0.0278	get 0.0035% / 1h	46m 14s	$1K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against HTX. 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 HTXbpFee PhoenixbpOrdersPrice spread, now −0.058%Rate

Funding earned: $58.33
Price spread: −0.058% → 0.000%: −$5.81
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $33.53
Costs to cover: 0.190%
Break-even: 3.0 days

Slippage unknown: HTX: live order book, 20 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 HTX live order book, 20 min ago	4.63 bp	12.0 bp −$12	27.7 bp −$277	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	−0.0027%	8h	86.180	+0.093%	$171K	$68K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.050	−0.058%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.930	−0.197%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.970	−0.151%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.980	−0.139%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.100	0.000%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.900	−0.232%	$2K	$4.9M	10x	as long as short
HTX CRWV-USDTlong	0.0000%	8h	86.100	long leg	$141K	$2K	20x
QFEX CRWV-USD	+0.0018%	1h	85.970	−0.151%	$1.3M	$3.0M	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.940	−0.186%	$417K	$356K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRWV-USD	+0.0040%	1h	86.000	−0.116%	$64K	$78K	10x	as long as short
Variational Omni CRWV	+0.0041%	8h	85.967	−0.155%	$314K	$391K	—	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.980	−0.139%	—	$156K	10x	as long as short
Lighter CRWV	+0.0048%	1h	86.020	−0.093%	$104K	$30K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.110	+0.012%	$332K	$219K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.940	−0.186%	$364K	$518K	20x	as long as short
Extended CRWV-USD	+0.0112%	1h	85.936	−0.191%	$14K	$303K	10x	as long as short
Binance CRWVUSDT	+0.0112%	8h	85.969	−0.153%	$9.6M	$17.5M	25x	as long as short
Phoenix CRWVshort	+0.0278%	1h	86.050	−0.058%	$1K	$46K	10x
tradeXYZ xyz:CRWV	+0.0321%	1h	85.922	−0.207%	$9.9M	$7.9M	10x	as long as short
Bybit CRWVUSDT	+0.0368%	8h	86.000	−0.116%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0646%	1h	86.042	−0.067%	$70K	$266K	10x	as long as short
edgeX CRWVUSDC	+0.0879%	4h	86.086	−0.016%	$89K	$202K	10x	as long as short