Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.007%

Price spread now: Binance against Ondo Perps+0.208%7-day average +0.120% · you sell dearer than you buy

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.568%−$57 · spread now +0.208%, 7d avg +0.120%

Together, before fees−0.587%+ Points / potential airdropOndo Perps: Active · farm board−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.088% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.208% now, against its 7-day average of +0.120%): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRWV-USD.P	85.970	0.0050	pay 0.0006% / 1h	5m 00s	$331K	$137K	10x
Short	Binance CRWVUSDT	86.149	0.0038	get 0.0038% / 8h	5h 05m	$9.6M	$17.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.208%Rate

Funding earned: −$2.67
Price spread: +0.208% → +0.120%: $8.79
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.88
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 6 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	0.58 bp	9.3 bp −$9	28.9 bp −$289	75.4 bp −$7,544	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	86.151	+0.210%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.170	+0.233%	$2.5M	$4.8M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.140	+0.198%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.120	+0.174%	$2.0M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.013	+0.050%	$314K	$299K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.986	+0.019%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.020	+0.058%	$1K	$4.6M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.110	+0.163%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0005%	8h	86.030	+0.070%	$166K	$67K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.080	+0.128%	$103K	$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	86.030	+0.070%	$419K	$353K	10x	as long as short
QFEX CRWV-USD	+0.0032%	1h	86.040	+0.081%	$1.3M	$2.7M	10x	as long as short
Binance CRWVUSDTshort	+0.0038%	8h	86.149	+0.208%	$9.6M	$17.0M	25x
Extended CRWV-USD	+0.0040%	1h	86.131	+0.188%	$17K	$307K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.980	+0.012%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.140	+0.198%	—	$156K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	86.103	+0.155%	$9.7M	$7.9M	10x	as long as short
Ondo Perps CRWV-USD.Plong	+0.0050%	1h	85.970	long leg	$331K	$137K	10x
KuCoin CRWVUSDTM	+0.0100%	8h	86.020	+0.058%	$364K	$520K	20x	as long as short
Polymarket Perps CRWV-USD	+0.0125%	1h	86.081	+0.129%	$85K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0167%	8h	86.170	+0.233%	$2.2M	$1.2M	25x	as long as short
Phoenix CRWV	+0.0187%	1h	86.000	+0.035%	$1K	$46K	10x	as long as short
edgeX CRWVUSDC	+0.0910%	4h	85.999	+0.034%	$89K	$202K	10x	as long as short