Funding you earn now, next payment 04:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.042%
Price spread now: Phoenix against Lighter+0.082%104s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.082% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 104 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 | 85.130 | 0.0032 | pay 0.0004% / 1h | 21m 41s | $97K | $37K | 10x |
| Short | Phoenix CRWV | 85.200 | 0.0093 | get 0.0012% / 1h | 21m 41s | $1K | $45K | 10x |
Lighter CRWV
Phoenix CRWVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $12.91
- Price spread: +0.082% → 0.000%
- $8.22
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $14.13
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 78 min ago; Phoenix: 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, 78 min ago | 11.63 bp | 11.6 bp −$12 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CRWVUSDT | −0.0077% | 8h | 85.170 | +0.047% | $1.8M | $2.1M | 20x | as long as short |
| Gate CRWV_USDT | −0.0037% | 8h | 85.200 | +0.082% | $5.4M | $3.7M | 50x | as long as short |
| Aster CRWVUSDT | 0.0000% | 8h | 85.234 | +0.122% | $37K | $33K | 20x | as long as short |
| Extended CRWV-USD | 0.0000% | 1h | 85.145 | +0.017% | $15K | $288K | 10x | as long as short |
| Binance CRWVUSDT | 0.0000% | 8h | 85.159 | +0.034% | $9.4M | $17.4M | 25x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 85.170 | +0.047% | $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_Perp | 0.0000% | 8h | 85.150 | +0.023% | $2K | $193K | 10x | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 85.020 | −0.129% | $1K | $4.5M | 10x | as long as short |
| HTX CRWV-USDT | 0.0000% | 8h | 85.110 | −0.023% | $139K | $2K | 20x | as long as short |
Bitget CRWVUSDT
Gate CRWV_USDT
Aster CRWVUSDT
Extended CRWV-USD
Binance CRWVUSDT
OKX CRWV-USDT-SWAP
Variational Omni CRWV
GRVT CRWV_USDT_Perp
SunX CRWV-USDT
HTX CRWV-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWV-USDT | +0.0005% | 8h | 85.080 | −0.059% | $161K | $67K | 20x | as long as short |
| QFEX CRWV-USD | +0.0025% | 1h | 85.070 | −0.070% | $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 | 85.140 | +0.012% | $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 | 85.090 | −0.047% | — | $156K | 10x | as long as short |
| tradeXYZ xyz:CRWV | +0.0050% | 1h | 85.139 | +0.011% | $9.3M | $8.1M | 10x | as long as short |
| Polymarket Perps CRWV-USD | +0.0050% | 1h | 85.053 | −0.090% | $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 CRWVshort | +0.0093% | 1h | 85.200 | +0.082% | $1K | $45K | 10x | |
| 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 | +0.0307% | 4h | 85.319 | +0.222% | $88K | $202K | 10x | as long as short |
BloFin CRWV-USDT
QFEX CRWV-USD
Lighter RH CRWV
Arcus CRWV-USD
Vest CRWV-USD-PERP
tradeXYZ xyz:CRWV
Polymarket Perps CRWV-USD
Ondo Perps CRWV-USD.P
Bybit CRWVUSDT
KuCoin CRWVUSDTM
edgeX CRWVUSDC