Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.018%

Price spread now: QFEX against KuCoin+0.046%7-day average +0.014% · 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−$187as in the Price arb table

costs, in and out, $10k−$1911.907% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.046%, 7d avg +0.014%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.033% dearer against KuCoin than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.014%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRWVUSDTM	86.080	0.0100	pay 0.0100% / 8h	5h 02m	$364K	$520K	20x
Short	QFEX CRWV-USD	86.120	0.0032	get 0.0004% / 1h	2m 04s	$1.4M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$14.21
Price spread: +0.046% → +0.014%: $3.25
Slippage, 4 orders: −$168.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$201.63
Costs to cover: 1.907%
Break-even: never at this rate

Slippage from KuCoin: live order book, 21 min ago; QFEX: live order book, 6 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 KuCoin live order book, 21 min ago	14.55 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 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
BloFin CRWV-USDT	−0.0002%	8h	86.120	+0.046%	$166K	$67K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.217	+0.159%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.110	+0.035%	$2.5M	$4.8M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.130	+0.058%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.130	+0.058%	$2.0M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.013	−0.078%	$314K	$299K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.071	−0.010%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.070	−0.012%	$1K	$4.6M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.110	+0.035%	$141K	$2K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.150	+0.081%	$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	86.100	+0.023%	$419K	$353K	10x	as long as short
Extended CRWV-USD	+0.0032%	1h	86.113	+0.039%	$17K	$307K	10x	as long as short
QFEX CRWV-USDshort	+0.0032%	1h	86.120	+0.046%	$1.4M	$2.7M	10x
Binance CRWVUSDT	+0.0036%	8h	86.139	+0.069%	$9.6M	$17.0M	25x	as long as short
Arcus CRWV-USD	+0.0040%	1h	86.040	−0.046%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.200	+0.139%	—	$156K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	86.074	−0.007%	$9.7M	$7.9M	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.970	−0.128%	$331K	$138K	10x	as long as short
KuCoin CRWVUSDTMlong	+0.0100%	8h	86.080	long leg	$364K	$520K	20x
Polymarket Perps CRWV-USD	+0.0120%	1h	86.129	+0.057%	$85K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0160%	8h	86.150	+0.081%	$2.2M	$1.2M	25x	as long as short
Phoenix CRWV	+0.0187%	1h	86.070	−0.012%	$1K	$46K	10x	as long as short
edgeX CRWVUSDC	+0.0898%	4h	86.060	−0.023%	$89K	$203K	10x	as long as short