Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.077%

Price spread now: Bybit against Ondo Perps+0.139%47s7-day average +0.110% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.139%, 7d avg +0.110%

Together, before fees−0.010%+ Points / potential airdropOndo Perps: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.029% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.110%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRWV-USD.P	86.390	0.0050	pay 0.0006% / 1h	51m 54s	$334K	$218K	10x
Short	Bybit CRWVUSDT	86.510	0.0209	get 0.0209% / 8h	7h 51m	$2.2M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.139%Rate

Funding earned: $33.35
Price spread: +0.139% → +0.110%: $2.89
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $20.25
Costs to cover: 0.160%
Break-even: 2.8 days

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	5.20 bp	21.8 bp −$22	118.7 bp −$1,187	doesn't fit	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	86.627	+0.274%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.540	+0.174%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.500	+0.127%	$5.6M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.480	+0.104%	$2.3M	$1.9M	20x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.440	+0.058%	$2K	$5.2M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.520	+0.150%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0004%	8h	86.550	+0.185%	$171K	$69K	20x	as long as short
QFEX CRWV-USD	+0.0029%	1h	86.500	+0.127%	$1.4M	$3.3M	10x	as long as short
Lighter CRWV	+0.0032%	1h	86.600	+0.243%	$105K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	86.490	+0.116%	$422K	$354K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRWV-USD-PERP	+0.0046%	1h	86.630	+0.278%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.Plong	+0.0050%	1h	86.390	long leg	$334K	$218K	10x
Variational Omni CRWV	+0.0054%	8h	86.593	+0.235%	$316K	$391K	—	as long as short
edgeX CRWVUSDC	+0.0086%	4h	86.511	+0.140%	$89K	$200K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.440	+0.058%	$366K	$514K	20x	as long as short
Extended CRWV-USD	+0.0136%	1h	86.472	+0.094%	$16K	$230K	10x	as long as short
Binance CRWVUSDT	+0.0137%	8h	86.490	+0.116%	$9.7M	$18.1M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0154%	1h	86.497	+0.124%	$9.7M	$7.6M	10x	as long as short
Bybit CRWVUSDTshort	+0.0209%	8h	86.510	+0.139%	$2.2M	$1.2M	25x
Phoenix CRWV	+0.0278%	1h	86.510	+0.139%	$1K	$44K	10x	as long as short
GRVT CRWV_USDT_Perp	+0.0280%	8h	86.547	+0.182%	$2K	$202K	10x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.450	+0.069%	$64K	$79K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0343%	1h	86.590	+0.232%	$71K	$254K	10x	as long as short