Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0278%/8h= −30.4% APRpaid last 24h −0.039%

Price spread now: GRVT against Phoenix+0.163%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.163% dearer against Phoenix than usual: you sell high and buy low (spread +0.163% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRWV	85.960	0.0278	pay 0.0035% / 1h	44m 20s	$1K	$46K	10x
Short	GRVT CRWV_USDT_Perp	86.100	0	get 0.0000% / 8h	6h 44m	$2K	$192K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phoenix. 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 PhoenixbpFee GRVTbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$58.33
Price spread: +0.163% → 0.000%: $16.29
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$58.05
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; GRVT: live order book, 19 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 Phoenix no order-book sample	—	—	—	—	—
Sell GRVT live order book, 19 min ago	2.32 bp	11.8 bp −$12	32.7 bp −$327	doesn't fit	doesn't fit

Phoenix: 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
BloFin CRWV-USDT	−0.0027%	8h	86.180	+0.256%	$171K	$68K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.099	+0.162%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.000	+0.047%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.970	+0.012%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.940	−0.023%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perpshort	0.0000%	8h	86.100	+0.163%	$2K	$192K	10x
SunX CRWV-USDT	0.0000%	8h	85.890	−0.081%	$2K	$4.9M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.990	+0.035%	$141K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0018%	1h	85.900	−0.070%	$1.4M	$3.0M	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.930	−0.035%	$417K	$356K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRWV-USD	+0.0040%	1h	85.940	−0.023%	$64K	$78K	10x	as long as short
Variational Omni CRWV	+0.0041%	8h	85.967	+0.008%	$314K	$391K	—	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.940	−0.023%	—	$156K	10x	as long as short
Lighter CRWV	+0.0048%	1h	86.020	+0.070%	$104K	$30K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.850	−0.128%	$332K	$219K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.930	−0.035%	$364K	$518K	20x	as long as short
Extended CRWV-USD	+0.0112%	1h	85.910	−0.059%	$14K	$303K	10x	as long as short
Binance CRWVUSDT	+0.0114%	8h	85.932	−0.032%	$9.6M	$17.5M	25x	as long as short
Phoenix CRWVlong	+0.0278%	1h	85.960	long leg	$1K	$46K	10x
tradeXYZ xyz:CRWV	+0.0334%	1h	85.935	−0.029%	$10.0M	$7.9M	10x	as long as short
Bybit CRWVUSDT	+0.0387%	8h	85.990	+0.035%	$2.2M	$1.2M	25x	as long as short
edgeX CRWVUSDC	+0.0636%	4h	85.992	+0.037%	$89K	$202K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0663%	1h	86.041	+0.094%	$70K	$266K	10x	as long as short