Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0418%/8h= +45.8% APRpaid last 24h +0.002%

Price spread now: Polymarket Perps against OKX+0.152%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now +0.152%, 7d avg −0.048%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Polymarket Perps is 0.200% dearer against OKX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.048%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRWV-USDT-SWAP	86.410	0	get 0.0000% / 8h	7h 05m	$2.7M	$4.6M	25x
Short	Polymarket Perps CRWV-USD	86.541	0.0418	get 0.0052% / 1h	5m 19s	$71K	$260K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.152%Rate

Funding earned: $87.75
Price spread: +0.152% → −0.048%: $20
Slippage, 4 orders: −$20.75
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $69
Costs to cover: 0.387%
Break-even: 1.5 days

Slippage from OKX: live order book, 2 min ago; Polymarket Perps: live order book, 2 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 OKX live order book, 2 min ago	2.89 bp	13.2 bp −$13	36.6 bp −$366	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.71 bp	7.0 bp −$7	8.3 bp −$83	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	−0.0029%	8h	86.480	+0.081%	$170K	$68K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.574	+0.190%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAPlong	0.0000%	8h	86.410	long leg	$2.7M	$4.6M	25x
Gate CRWV_USDT	0.0000%	8h	86.440	+0.035%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.450	+0.046%	$2.3M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.448	+0.044%	$2K	$193K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.380	−0.035%	$2K	$4.9M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.480	+0.081%	$141K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0029%	1h	86.400	−0.012%	$1.3M	$3.1M	10x	as long as short
Lighter CRWV	+0.0032%	1h	86.510	+0.116%	$105K	$32K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	86.470	+0.069%	$420K	$358K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.540	+0.150%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.310	−0.116%	$332K	$218K	10x	as long as short
Variational Omni CRWV	+0.0061%	8h	86.444	+0.039%	$315K	$391K	—	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.390	−0.023%	$366K	$514K	20x	as long as short
Extended CRWV-USD	+0.0128%	1h	86.438	+0.033%	$14K	$306K	10x	as long as short
Binance CRWVUSDT	+0.0128%	8h	86.457	+0.055%	$9.6M	$17.5M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0156%	1h	86.423	+0.015%	$9.7M	$7.6M	10x	as long as short
edgeX CRWVUSDC	+0.0250%	4h	86.443	+0.039%	$89K	$201K	10x	as long as short
Phoenix CRWV	+0.0278%	1h	86.420	+0.012%	$1K	$44K	10x	as long as short
Bybit CRWVUSDT	+0.0315%	8h	86.500	+0.104%	$2.2M	$1.2M	25x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.400	−0.012%	$64K	$78K	10x	as long as short
Polymarket Perps CRWV-USDshort	+0.0418%	1h	86.541	+0.152%	$71K	$260K	10x