Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter RH against Lighter−0.104%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Lighter Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.104%, 7d avg −0.011%

Together, before fees+0.067%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.093% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRWV	86.440	0.0032	pay 0.0004% / 1h	14m 46s	$105K	$32K	10x
Short	Lighter RH CRWV	86.350	0.0032	get 0.0004% / 1h	14m 46s	$424K	$445K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.011%: −$9.28
Slippage, 4 orders: −$37.27
Fee Lighter: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$46.55
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Lighter: live order book, 45 min ago; Lighter RH: live order book, 62 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, 45 min ago	13.94 bp	13.9 bp −$14	16.1 bp −$161	doesn't fit	doesn't fit
Sell Lighter RH live order book, 62 min ago	1.75 bp	2.5 bp −$3	9.2 bp −$92	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	−0.0009%	8h	86.460	+0.023%	$171K	$69K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.509	+0.080%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.370	−0.081%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.380	−0.069%	$5.6M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.350	−0.104%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.392	−0.055%	$315K	$391K	—	as long as short
SunX CRWV-USDT	0.0000%	8h	86.280	−0.185%	$1K	$5.3M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.450	+0.012%	$141K	$2K	20x	as long as short
Lighter CRWVlong	+0.0032%	1h	86.440	long leg	$105K	$32K	10x
Lighter RH CRWVshort	+0.0032%	1h	86.350	−0.104%	$424K	$445K	10x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWV-USD	+0.0037%	1h	86.370	−0.081%	$1.4M	$3.3M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.520	+0.093%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.340	−0.116%	$333K	$217K	10x	as long as short
GRVT CRWV_USDT_Perp	+0.0060%	8h	86.390	−0.058%	$2K	$205K	10x	as long as short
Extended CRWV-USD	+0.0080%	1h	86.362	−0.090%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	+0.0088%	8h	86.360	−0.093%	$9.7M	$18.0M	25x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.350	−0.104%	$365K	$517K	20x	as long as short
Phoenix CRWV	+0.0186%	1h	86.420	−0.023%	$1K	$44K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0201%	1h	86.342	−0.113%	$9.6M	$7.6M	10x	as long as short
Bybit CRWVUSDT	+0.0210%	8h	86.420	−0.023%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0319%	1h	86.438	−0.002%	$61K	$210K	10x	as long as short
edgeX CRWVUSDC	+0.0363%	4h	86.406	−0.040%	$89K	$202K	10x	as long as short
Arcus CRWV-USD	+0.0456%	1h	86.330	−0.127%	$62K	$76K	10x	as long as short