Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.009%

Price spread now: GRVT against Lighter+0.023%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Lighter Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.023%, 7d avg +0.108%

Together, before fees+0.098%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.084% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.108%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRWV	85.130	0.0032	pay 0.0004% / 1h	21m 07s	$97K	$37K	10x
Short	GRVT CRWV_USDT_Perp	85.150	0	get 0.0000% / 8h	3h 21m	$2K	$193K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$6.72
Price spread: +0.023% → +0.108%: −$8.41
Slippage, 4 orders: −$47.92
Fee Lighter: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$72.05
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from Lighter: live order book, 78 min ago; GRVT: live order book, 27 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, 78 min ago	11.63 bp	11.6 bp −$12	13.8 bp −$138	doesn't fit	doesn't fit
Sell GRVT live order book, 27 min ago	2.92 bp	11.5 bp −$11	38.8 bp −$388	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
Bitget CRWVUSDT	−0.0077%	8h	85.220	+0.106%	$1.8M	$2.1M	20x	as long as short
Gate CRWV_USDT	−0.0037%	8h	85.210	+0.094%	$5.4M	$3.7M	50x	as long as short
BloFin CRWV-USDT	0.0000%	8h	85.110	−0.023%	$162K	$67K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	85.250	+0.141%	$37K	$33K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	85.167	+0.043%	$15K	$282K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	85.200	+0.083%	$9.4M	$17.4M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.200	+0.082%	$2.4M	$5.0M	25x	as long as short
Variational Omni CRWV	0.0000%	8h	85.159	+0.034%	$311K	$299K	—	as long as short
GRVT CRWV_USDT_Perpshort	0.0000%	8h	85.150	+0.023%	$2K	$193K	10x
SunX CRWV-USDT	0.0000%	8h	85.140	+0.012%	$2K	$4.5M	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWV-USDT	0.0000%	8h	85.110	−0.023%	$139K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0025%	1h	85.150	+0.023%	$1.4M	$2.5M	10x	as long as short
Lighter CRWVlong	+0.0032%	1h	85.130	long leg	$97K	$37K	10x
Lighter RH CRWV	+0.0032%	1h	85.150	+0.023%	$414K	$355K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.100	−0.035%	$63K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.140	+0.012%	—	$156K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	85.156	+0.031%	$9.3M	$8.1M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0050%	1h	85.132	+0.002%	$81K	$305K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.060	−0.082%	$319K	$149K	10x	as long as short
Phoenix CRWV	+0.0093%	1h	85.090	−0.047%	$1K	$45K	10x	as long as short
Bybit CRWVUSDT	+0.0096%	8h	85.160	+0.035%	$2.1M	$1.1M	25x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.130	0.000%	$360K	$524K	20x	as long as short
edgeX CRWVUSDC	+0.0182%	4h	85.083	−0.055%	$88K	$203K	10x	as long as short