Funding you earn now, next payment 03:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.040%
Price spread now: Lighter against Phoenix−0.105%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.105% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRWV | 85.930 | 0.0186 | pay 0.0023% / 1h | 15m 01s | $1K | $46K | 10x |
| Short | Lighter CRWV | 85.840 | 0.0032 | get 0.0004% / 1h | 15m 01s | $103K | $32K | 10x |
Phoenix CRWV
Lighter CRWVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$32.32
- Price spread: −0.105% → 0.000%
- −$10.47
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$49.79
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Lighter: live order book, 24 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 Lighter live order book, 24 min ago | 11.63 bp | 15.1 bp −$15 | 29.2 bp −$292 | 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 | −0.0022% | 8h | 85.900 | −0.035% | $164K | $67K | 20x | as long as short |
| Aster CRWVUSDT | 0.0000% | 8h | 85.932 | +0.003% | $37K | $35K | 20x | as long as short |
| Extended CRWV-USD | 0.0000% | 1h | 85.787 | −0.167% | $14K | $301K | 10x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 85.800 | −0.151% | $2.5M | $4.8M | 25x | as long as short |
| Gate CRWV_USDT | 0.0000% | 8h | 85.840 | −0.105% | $5.5M | $3.8M | 50x | as long as short |
| Bitget CRWVUSDT | 0.0000% | 8h | 85.800 | −0.151% | $1.9M | $2.1M | 20x | as long as short |
| Variational Omni CRWV | 0.0000% | 8h | 85.945 | +0.017% | $314K | $299K | — | as long as short |
| GRVT CRWV_USDT_Perp | 0.0000% | 8h | 85.966 | +0.042% | $2K | $193K | 10x | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 85.790 | −0.163% | $1K | $4.5M | 10x | as long as short |
| HTX CRWV-USDT | 0.0000% | 8h | 85.970 | +0.047% | $141K | $2K | 20x | as long as short |
BloFin CRWV-USDT
Aster CRWVUSDT
Extended CRWV-USD
OKX CRWV-USDT-SWAP
Gate CRWV_USDT
Bitget CRWVUSDT
Variational Omni CRWV
GRVT CRWV_USDT_Perp
SunX CRWV-USDT
HTX CRWV-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRWVUSDT | 0.0000% | 8h | 85.810 | −0.140% | $9.5M | $17.0M | 25x | as long as short |
| QFEX CRWV-USD | +0.0010% | 1h | 85.830 | −0.116% | $1.3M | $2.6M | 10x | as long as short |
| Lighter CRWVshort | +0.0032% | 1h | 85.840 | −0.105% | $103K | $32K | 10x | |
| Lighter RH CRWV | +0.0032% | 1h | 85.780 | −0.175% | $419K | $351K | 10x | as long as short |
| Arcus CRWV-USD | +0.0040% | 1h | 85.900 | −0.035% | $64K | $79K | 10x | as long as short |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 85.890 | −0.047% | — | $156K | 10x | as long as short |
| tradeXYZ xyz:CRWV | +0.0050% | 1h | 85.754 | −0.205% | $9.5M | $8.0M | 10x | as long as short |
| Polymarket Perps CRWV-USD | +0.0050% | 1h | 85.780 | −0.175% | $83K | $290K | 10x | as long as short |
| Ondo Perps CRWV-USD.P | +0.0050% | 1h | 85.930 | 0.000% | $323K | $147K | 10x | as long as short |
| KuCoin CRWVUSDTM | +0.0100% | 8h | 85.820 | −0.128% | $363K | $519K | 20x | as long as short |
| Bybit CRWVUSDT | +0.0129% | 8h | 85.860 | −0.081% | $2.2M | $1.1M | 25x | as long as short |
| Phoenix CRWVlong | +0.0186% | 1h | 85.930 | long leg | $1K | $46K | 10x | |
| edgeX CRWVUSDC | +0.0520% | 4h | 85.952 | +0.026% | $88K | $203K | 10x | as long as short |
Binance CRWVUSDT
QFEX CRWV-USD
Lighter RH CRWV
Arcus CRWV-USD
Vest CRWV-USD-PERP
tradeXYZ xyz:CRWV
Polymarket Perps CRWV-USD
Ondo Perps CRWV-USD.P
KuCoin CRWVUSDTM
Bybit CRWVUSDT
edgeX CRWVUSDC