Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.031%

Price spread now: OKX against Lighter−0.012%7-day average +0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.012%, 7d avg +0.099%

Together, before fees+0.184%+ Points / potential airdropLighter: Season 3 · farm board+$18 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 OKX is 0.111% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.099%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRWV	86.460	0.0032	pay 0.0004% / 1h	15m 39s	$105K	$32K	10x
Short	OKX CRWV-USDT-SWAP	86.450	0	get 0.0000% / 8h	15m 39s	$2.7M	$4.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$6.72
Price spread: −0.012% → +0.099%: −$11.1
Slippage, 4 orders: −$45.64
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$73.46
Costs to cover: 0.556%
Break-even: never at this rate

Slippage from Lighter: live order book, 44 min ago; OKX: live order book, 2 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, 44 min ago	13.94 bp	13.9 bp −$14	16.1 bp −$161	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.16 bp	11.7 bp −$12	34.0 bp −$340	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	−0.012%	$171K	$69K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.501	+0.047%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAPshort	0.0000%	8h	86.450	−0.012%	$2.7M	$4.6M	25x
Gate CRWV_USDT	0.0000%	8h	86.370	−0.104%	$5.6M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.370	−0.104%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.392	−0.078%	$315K	$391K	—	as long as short
SunX CRWV-USDT	0.0000%	8h	86.300	−0.185%	$1K	$5.3M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.400	−0.069%	$141K	$2K	20x	as long as short
Lighter CRWVlong	+0.0032%	1h	86.460	long leg	$105K	$32K	10x
Lighter RH CRWV	+0.0032%	1h	86.400	−0.069%	$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	86.370	−0.104%	$1.4M	$3.3M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.480	+0.023%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.340	−0.139%	$333K	$217K	10x	as long as short
GRVT CRWV_USDT_Perp	+0.0060%	8h	86.390	−0.081%	$2K	$205K	10x	as long as short
Extended CRWV-USD	+0.0080%	1h	86.371	−0.103%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	+0.0083%	8h	86.385	−0.087%	$9.7M	$18.0M	25x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.340	−0.139%	$366K	$517K	20x	as long as short
Phoenix CRWV	+0.0186%	1h	86.340	−0.139%	$1K	$44K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0205%	1h	86.371	−0.103%	$9.6M	$7.6M	10x	as long as short
Bybit CRWVUSDT	+0.0212%	8h	86.440	−0.023%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0322%	1h	86.423	−0.043%	$67K	$198K	10x	as long as short
edgeX CRWVUSDC	+0.0363%	4h	86.406	−0.063%	$89K	$202K	10x	as long as short
Arcus CRWV-USD	+0.0456%	1h	86.360	−0.116%	$62K	$76K	10x	as long as short