CRWV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.006%

Price spread now: Ondo Perps against Lighter−0.220%55s7-day average −0.022% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.220%, 7d avg −0.022%

Together, before fees+0.276%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.197% cheaper against Lighter than usual: you would sell low and buy high (spread −0.220% now, against its 7-day average of −0.022%). If the spread goes back, that is −$20 on $10k: about 36 days of funding at the current rate (+$1 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRWV	86.500	0.0032	pay 0.0004% / 1h	0m 49s	$105K	$32K	10x
Short	Ondo Perps CRWV-USD.P	86.310	0.0050	get 0.0006% / 1h	0m 49s	$333K	$219K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.220%Rate

Funding earned: $3.86
Price spread: −0.220% → −0.022%: −$19.72
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$20.85
Costs to cover: 0.050%
Break-even: 44.8 days

Slippage unknown: Lighter: live order book, 54 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 54 min ago	10.39 bp	10.4 bp −$10	12.9 bp −$129	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster CRWVUSDT	0.0000%	8h	86.561	+0.070%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.420	−0.092%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.420	−0.092%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.420	−0.092%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.443	−0.066%	$2K	$193K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.380	−0.139%	$1K	$4.9M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.460	−0.046%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0028%	8h	86.430	−0.081%	$170K	$68K	20x	as long as short
QFEX CRWV-USD	+0.0029%	1h	86.400	−0.116%	$1.4M	$3.1M	10x	as long as short
Lighter CRWVlong	+0.0032%	1h	86.500	long leg	$105K	$32K	10x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	86.410	−0.104%	$420K	$358K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.520	+0.023%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.Pshort	+0.0050%	1h	86.310	−0.220%	$333K	$219K	10x
Variational Omni CRWV	+0.0060%	8h	86.430	−0.081%	$315K	$391K	—	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.400	−0.116%	$365K	$513K	20x	as long as short
Binance CRWVUSDT	+0.0126%	8h	86.435	−0.075%	$9.7M	$17.5M	25x	as long as short
Extended CRWV-USD	+0.0128%	1h	86.397	−0.119%	$14K	$306K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0159%	1h	86.400	−0.116%	$9.7M	$7.6M	10x	as long as short
Phoenix CRWV	+0.0278%	1h	86.350	−0.173%	$1K	$44K	10x	as long as short
Bybit CRWVUSDT	+0.0312%	8h	86.480	−0.023%	$2.2M	$1.1M	25x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.380	−0.139%	$64K	$78K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0429%	1h	86.526	+0.030%	$71K	$263K	10x	as long as short
edgeX CRWVUSDC	+0.0971%	4h	86.392	−0.125%	$89K	$202K	10x	as long as short