CRWV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%

Price spread now: QFEX against Lighter−0.081%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on Lighter Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.081%, 7d avg +0.063%

Together, before fees+0.186%+ Points / potential airdropLighter: Season 3 · farm board+$19 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: QFEX is 0.144% cheaper against Lighter than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRWV	86.450	0.0032	pay 0.0004% / 1h	17m 04s	$105K	$32K	10x
Short	QFEX CRWV-USD	86.380	0.0037	get 0.0005% / 1h	17m 04s	$1.4M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0.99
Price spread: −0.081% → +0.063%: −$14.41
Slippage, 4 orders: −$39.1
Fee Lighter: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$62.52
Costs to cover: 0.491%
Break-even: 448.5 days

Slippage from Lighter: live order book, 42 min ago; QFEX: live order book, 6 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, 42 min ago	13.94 bp	13.9 bp −$14	16.1 bp −$161	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.32 bp	9.6 bp −$10	12.6 bp −$126	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	0.000%	$171K	$69K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.496	+0.053%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.410	−0.046%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.390	−0.069%	$5.6M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.420	−0.035%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.323	−0.147%	$315K	$391K	—	as long as short
SunX CRWV-USDT	0.0000%	8h	86.320	−0.150%	$1K	$5.3M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.400	−0.058%	$141K	$2K	20x	as long as short
Lighter CRWVlong	+0.0032%	1h	86.450	long leg	$105K	$32K	10x
Lighter RH CRWV	+0.0032%	1h	86.400	−0.058%	$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-USDshort	+0.0037%	1h	86.380	−0.081%	$1.4M	$3.3M	10x
Vest CRWV-USD-PERP	+0.0046%	1h	86.510	+0.069%	—	$156K	10x	as long as short
GRVT CRWV_USDT_Perp	+0.0047%	8h	86.379	−0.082%	$2K	$205K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.290	−0.185%	$333K	$217K	10x	as long as short
Extended CRWV-USD	+0.0072%	1h	86.384	−0.077%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	+0.0074%	8h	86.400	−0.058%	$9.7M	$18.0M	25x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.310	−0.162%	$365K	$515K	20x	as long as short
Phoenix CRWV	+0.0186%	1h	86.340	−0.127%	$1K	$44K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0210%	1h	86.393	−0.066%	$9.6M	$7.6M	10x	as long as short
Bybit CRWVUSDT	+0.0213%	8h	86.460	+0.012%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0323%	1h	86.442	−0.009%	$67K	$198K	10x	as long as short
Arcus CRWV-USD	+0.0456%	1h	86.370	−0.093%	$62K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0906%	4h	86.377	−0.084%	$89K	$201K	10x	as long as short