Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter against Lighter RH+0.093%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Lighter RH Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.093%, 7d avg +0.011%

Together, before fees−0.056%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board−$6 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: Lighter is 0.082% dearer against Lighter RH than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRWV	86.000	0.0032	pay 0.0004% / 1h	39m 20s	$422K	$445K	10x
Short	Lighter CRWV	86.080	0.0032	get 0.0004% / 1h	39m 20s	$104K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → +0.011%: $8.17
Slippage, 4 orders: −$37.27
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$29.1
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 38 min ago; Lighter: live order book, 20 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, 38 min ago	1.75 bp	2.6 bp −$3	6.2 bp −$62	doesn't fit	doesn't fit
Sell Lighter live order book, 20 min ago	13.94 bp	18.2 bp −$18	25.2 bp −$252	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
Aster CRWVUSDT	0.0000%	8h	86.034	+0.039%	$37K	$35K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	86.002	+0.002%	$14K	$228K	10x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.010	+0.012%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.990	−0.012%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.010	+0.012%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.994	−0.007%	$314K	$391K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.019	+0.022%	$2K	$206K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.920	−0.093%	$1K	$5.3M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.020	+0.023%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0002%	8h	86.000	0.000%	$171K	$69K	20x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRWVUSDT	+0.0003%	8h	86.018	+0.021%	$9.6M	$18.1M	25x	as long as short
Lighter CRWVshort	+0.0032%	1h	86.080	+0.093%	$104K	$32K	10x
Lighter RH CRWVlong	+0.0032%	1h	86.000	long leg	$422K	$445K	10x
QFEX CRWV-USD	+0.0037%	1h	85.990	−0.012%	$1.3M	$3.3M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.040	+0.047%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.840	−0.186%	$332K	$216K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.000	0.000%	$364K	$517K	20x	as long as short
Phoenix CRWV	+0.0186%	1h	85.960	−0.047%	$1K	$44K	10x	as long as short
Bybit CRWVUSDT	+0.0199%	8h	86.030	+0.035%	$2.2M	$1.2M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0270%	1h	85.981	−0.022%	$9.6M	$7.6M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0383%	1h	86.041	+0.048%	$66K	$198K	10x	as long as short
Arcus CRWV-USD	+0.0456%	1h	85.990	−0.012%	$61K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0786%	4h	85.989	−0.013%	$89K	$200K	10x	as long as short