Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0874%/8h= +95.7% APRpaid last 24h +0.152%

Price spread now: edgeX against Lighter−0.084%7-day average +0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.594%−$59 on $10k

Price spread, last 3 days (all we have)+0.126%+$13 · spread now −0.084%, 7d avg +0.095%

Together, before fees−0.468%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.180% cheaper against Lighter than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.095%). If the spread goes back, that is −$18 on $10k: about 16 hours of funding at the current rate (+$26 a day). Mind the row above: over the last 7 days funding on this pair cost −0.594%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.594% in total (about -31.0% 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	Lighter CRWV	86.450	0.0032	pay 0.0004% / 1h	16m 59s	$105K	$32K	10x
Short	edgeX CRWVUSDC	86.377	0.0906	get 0.0453% / 4h	16m 59s	$89K	$201K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter. 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 LighterbpFee edgeXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $183.45
Price spread: −0.084% → +0.095%: −$17.95
Slippage, 4 orders: −$47.83
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $108.66
Costs to cover: 0.568%
Break-even: 2.9 days

Slippage from Lighter: live order book, 42 min ago; edgeX: live order book, 60 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 Lighter live order book, 42 min ago	13.94 bp	13.9 bp −$14	16.1 bp −$161	doesn't fit	doesn't fit
Sell edgeX live order book, 60 min ago	4.66 bp	10.9 bp −$11	39.2 bp −$392	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	−0.0013%	8h	86.450	0.000%	$171K	$69K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.496	+0.053%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.410	−0.046%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.390	−0.069%	$5.6M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.420	−0.035%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.323	−0.147%	$315K	$391K	—	as long as short
SunX CRWV-USDT	0.0000%	8h	86.320	−0.150%	$1K	$5.3M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.400	−0.058%	$141K	$2K	20x	as long as short
Lighter CRWVlong	+0.0032%	1h	86.450	long leg	$105K	$32K	10x
Lighter RH CRWV	+0.0032%	1h	86.400	−0.058%	$424K	$445K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWV-USD	+0.0037%	1h	86.380	−0.081%	$1.4M	$3.3M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.510	+0.069%	—	$156K	10x	as long as short
GRVT CRWV_USDT_Perp	+0.0047%	8h	86.379	−0.082%	$2K	$205K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.290	−0.185%	$333K	$217K	10x	as long as short
Extended CRWV-USD	+0.0072%	1h	86.384	−0.077%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	+0.0074%	8h	86.400	−0.058%	$9.7M	$18.0M	25x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.310	−0.162%	$365K	$515K	20x	as long as short
Phoenix CRWV	+0.0186%	1h	86.340	−0.127%	$1K	$44K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0210%	1h	86.393	−0.066%	$9.6M	$7.6M	10x	as long as short
Bybit CRWVUSDT	+0.0213%	8h	86.460	+0.012%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0323%	1h	86.442	−0.009%	$67K	$198K	10x	as long as short
Arcus CRWV-USD	+0.0456%	1h	86.370	−0.093%	$62K	$76K	10x	as long as short
edgeX CRWVUSDCshort	+0.0906%	4h	86.377	−0.084%	$89K	$201K	10x