Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.009%

Price spread now: Variational Omni against Lighter−0.010%7-day average +0.094% · you buy dearer than you sell

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 3 days (all we have)+0.132%+$13 · spread now −0.010%, 7d avg +0.094%

Together, before fees+0.104%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$10 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 Variational Omni is 0.104% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.094%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRWV	85.740	0.0032	pay 0.0004% / 1h	0m 56s	$104K	$32K	10x
Short	Variational Omni CRWV	85.731	0	get 0.0000% / 8h	2h 00m	$313K	$396K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.010%Rate

Funding earned: −$6.72
Price spread: −0.010% → +0.094%: −$10.39
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.11
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 12 min ago; Variational Omni: RFQ quote, 23 min ago. 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, 12 min ago	9.91 bp	9.9 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 23 min ago	4.62 bp	doesn't fit	11.8 bp −$118	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	−0.0005%	8h	85.710	−0.035%	$171K	$68K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	85.688	−0.061%	$37K	$35K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	85.671	−0.081%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	85.680	−0.070%	$9.7M	$18.3M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.740	0.000%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.670	−0.082%	$5.5M	$4.2M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.670	−0.082%	$2.2M	$2.0M	20x	as long as short
Variational Omni CRWVshort	0.0000%	8h	85.731	−0.010%	$313K	$396K	—
GRVT CRWV_USDT_Perp	0.0000%	8h	85.711	−0.033%	$2K	$222K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.590	−0.175%	$2K	$5.4M	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWV-USDT	0.0000%	8h	85.700	−0.047%	$140K	$2K	20x	as long as short
Lighter CRWVlong	+0.0032%	1h	85.740	long leg	$104K	$32K	10x
Lighter RH CRWV	+0.0032%	1h	85.680	−0.070%	$421K	$474K	10x	as long as short
QFEX CRWV-USD	+0.0032%	1h	85.690	−0.058%	$1.3M	$3.2M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.690	−0.058%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.520	−0.257%	$331K	$215K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0087%	1h	85.635	−0.122%	$9.6M	$7.7M	10x	as long as short
Phoenix CRWV	+0.0093%	1h	85.630	−0.128%	$1K	$44K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.660	−0.093%	$362K	$518K	20x	as long as short
Bybit CRWVUSDT	+0.0124%	8h	85.700	−0.047%	$2.2M	$1.3M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0268%	1h	85.722	−0.021%	$68K	$193K	10x	as long as short
Arcus CRWV-USD	+0.0402%	1h	85.680	−0.070%	$61K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0642%	4h	85.682	−0.068%	$88K	$201K	10x	as long as short