Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.001%

Price spread now: Binance against Lighter RH+0.018%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 2 days (all we have)+0.091%+$9 · spread now +0.018%, 7d avg +0.057%

Together, before fees+0.114%+ Points / potential airdropLighter RH: Points live · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.039% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.057%). If the spread goes back, that is −$4 on $10k: about 3.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.023% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRWV	86.400	0.0032	pay 0.0004% / 1h	17m 28s	$424K	$445K	10x
Short	Binance CRWVUSDT	86.416	0.0074	get 0.0074% / 8h	17m 28s	$9.7M	$18.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter RH. 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 Lighter RHbpFee BinancebpOrdersPrice spread, now +0.018%Rate

Funding earned: $8.85
Price spread: +0.018% → +0.057%: −$3.93
Slippage, 4 orders: −$14.29
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.37
Costs to cover: 0.243%
Break-even: 22.3 days

Slippage from Lighter RH: live order book, 60 min ago; Binance: live order book, 8 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 RH live order book, 60 min ago	1.75 bp	2.6 bp −$3	6.2 bp −$62	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.58 bp	9.2 bp −$9	19.8 bp −$198	80.5 bp −$8,053	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
Aster CRWVUSDT	0.0000%	8h	86.495	+0.110%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.410	+0.012%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.390	−0.012%	$5.6M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.400	0.000%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.323	−0.089%	$315K	$391K	—	as long as short
SunX CRWV-USDT	0.0000%	8h	86.330	−0.081%	$1K	$5.3M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.400	0.000%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0015%	8h	86.390	−0.012%	$171K	$69K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.460	+0.069%	$105K	$32K	10x	as long as short
Lighter RH CRWVlong	+0.0032%	1h	86.400	long leg	$424K	$445K	10x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWV-USD	+0.0037%	1h	86.380	−0.023%	$1.4M	$3.3M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.510	+0.127%	—	$156K	10x	as long as short
GRVT CRWV_USDT_Perp	+0.0047%	8h	86.379	−0.024%	$2K	$205K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.290	−0.127%	$333K	$217K	10x	as long as short
Extended CRWV-USD	+0.0064%	1h	86.406	+0.007%	$14K	$228K	10x	as long as short
Binance CRWVUSDTshort	+0.0074%	8h	86.416	+0.018%	$9.7M	$18.0M	25x
KuCoin CRWVUSDTM	+0.0100%	8h	86.300	−0.116%	$365K	$515K	20x	as long as short
Phoenix CRWV	+0.0186%	1h	86.340	−0.069%	$1K	$44K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0213%	1h	86.399	−0.001%	$9.6M	$7.6M	10x	as long as short
Bybit CRWVUSDT	+0.0213%	8h	86.460	+0.069%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0323%	1h	86.442	+0.049%	$67K	$198K	10x	as long as short
Arcus CRWV-USD	+0.0456%	1h	86.370	−0.035%	$62K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0906%	4h	86.377	−0.027%	$89K	$201K	10x	as long as short