Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0317%/8h= +34.7% APRpaid last 24h +0.029%

Price spread now: tradeXYZ against HTX−0.128%49s7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as 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−$450.448% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 3 days (all we have)+0.080%+$8 · spread now −0.128%, 7d avg −0.131%

Together, before fees+0.218%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.131%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.138% in total (about 7.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CRWV-USDT	85.830	0	get 0.0000% / 8h	6h 36m	$140K	$2K	20x
Short	tradeXYZ xyz:CRWV	85.720	0.0317	get 0.0040% / 1h	36m 24s	$9.9M	$8.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.128%Rate

Funding earned: $66.53
Price spread: −0.128% → −0.131%: $0.32
Slippage, 4 orders: −$14.8
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $22.05
Costs to cover: 0.448%
Break-even: 4.7 days

Slippage from HTX: live order book, 30 min ago; tradeXYZ: live order book, 12 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 HTX live order book, 30 min ago	4.63 bp	12.0 bp −$12	27.7 bp −$277	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.47 bp	9.5 bp −$9	14.8 bp −$148	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	−0.0027%	8h	86.180	+0.408%	$171K	$68K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	85.925	+0.110%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.830	0.000%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.770	−0.070%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.770	−0.070%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.787	−0.050%	$3K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.700	−0.151%	$2K	$4.9M	10x	as long as short
HTX CRWV-USDTlong	0.0000%	8h	85.830	long leg	$140K	$2K	20x
QFEX CRWV-USD	+0.0018%	1h	85.720	−0.128%	$1.3M	$2.9M	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.740	−0.105%	$417K	$357K	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	85.730	−0.117%	$64K	$78K	10x	as long as short
Variational Omni CRWV	+0.0041%	8h	85.842	+0.014%	$313K	$391K	—	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.760	−0.082%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.740	−0.105%	$331K	$218K	10x	as long as short
Lighter CRWV	+0.0056%	1h	85.830	0.000%	$104K	$30K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.740	−0.105%	$363K	$518K	20x	as long as short
Extended CRWV-USD	+0.0112%	1h	85.730	−0.116%	$19K	$309K	10x	as long as short
Binance CRWVUSDT	+0.0115%	8h	85.752	−0.091%	$9.6M	$17.5M	25x	as long as short
edgeX CRWVUSDC	+0.0142%	4h	85.783	−0.055%	$88K	$201K	10x	as long as short
Phoenix CRWV	+0.0278%	1h	85.890	+0.070%	$1K	$46K	10x	as long as short
tradeXYZ xyz:CRWVshort	+0.0317%	1h	85.720	−0.128%	$9.9M	$8.0M	10x
Bybit CRWVUSDT	+0.0428%	8h	85.790	−0.047%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0692%	1h	85.844	+0.016%	$70K	$268K	10x	as long as short