Funding you earn now, next payment 22:00 UTC−0.0155%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.038%
Price spread now: Lighter RH against Phoenix−0.023%75s7-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 RH: Points live · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter RH is 0.023% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 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 | Phoenix CRWV | 85.690 | 0.0187 | pay 0.0023% / 1h | 46m 14s | $1K | $44K | 10x |
| Short | Lighter RH CRWV | 85.670 | 0.0032 | get 0.0004% / 1h | 46m 14s | $421K | $454K | 10x |
Phoenix CRWV
Lighter RH CRWVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$32.5
- Price spread: −0.023% → 0.000%
- −$2.33
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$41.84
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Lighter RH: live order book, 36 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 RH live order book, 36 min ago | 2.34 bp | 2.8 bp −$3 | 10.0 bp −$100 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CRWVUSDT | 0.0000% | 8h | 85.711 | +0.025% | $37K | $35K | 20x | as long as short |
| Extended CRWV-USD | 0.0000% | 1h | 85.672 | −0.021% | $14K | $228K | 10x | as long as short |
| Binance CRWVUSDT | 0.0000% | 8h | 85.688 | −0.003% | $9.7M | $18.3M | 25x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 85.710 | +0.023% | $2.7M | $4.6M | 25x | as long as short |
| Gate CRWV_USDT | 0.0000% | 8h | 85.670 | −0.023% | $5.5M | $4.0M | 50x | as long as short |
| Bitget CRWVUSDT | 0.0000% | 8h | 85.710 | +0.023% | $2.3M | $2.0M | 20x | as long as short |
| Variational Omni CRWV | 0.0000% | 8h | 85.773 | +0.097% | $313K | $396K | — | as long as short |
| GRVT CRWV_USDT_Perp | 0.0000% | 8h | 85.762 | +0.084% | $3K | $219K | 10x | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 85.560 | −0.152% | $2K | $5.4M | 10x | as long as short |
| HTX CRWV-USDT | 0.0000% | 8h | 85.760 | +0.082% | $140K | $2K | 20x | as long as short |
Aster CRWVUSDT
Extended CRWV-USD
Binance CRWVUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWV-USDT | +0.0011% | 8h | 85.770 | +0.093% | $170K | $68K | 20x | as long as short |
| QFEX CRWV-USD | +0.0026% | 1h | 85.690 | 0.000% | $1.3M | $3.3M | 10x | as long as short |
| Lighter CRWV | +0.0032% | 1h | 85.730 | +0.047% | $104K | $32K | 10x | as long as short |
| Lighter RH CRWVshort | +0.0032% | 1h | 85.670 | −0.023% | $421K | $454K | 10x | |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 85.680 | −0.012% | — | $156K | 10x | as long as short |
| Ondo Perps CRWV-USD.P | +0.0050% | 1h | 85.610 | −0.093% | $331K | $215K | 10x | as long as short |
| KuCoin CRWVUSDTM | +0.0100% | 8h | 85.680 | −0.012% | $362K | $517K | 20x | as long as short |
| Bybit CRWVUSDT | +0.0154% | 8h | 85.710 | +0.023% | $2.2M | $1.3M | 25x | as long as short |
| Phoenix CRWVlong | +0.0187% | 1h | 85.690 | long leg | $1K | $44K | 10x | |
| tradeXYZ xyz:CRWV | +0.0233% | 1h | 85.623 | −0.078% | $9.6M | $7.6M | 10x | as long as short |
| edgeX CRWVUSDC | +0.0434% | 4h | 85.771 | +0.094% | $89K | $200K | 10x | as long as short |
| Polymarket Perps CRWV-USD | +0.0477% | 1h | 85.703 | +0.015% | $68K | $193K | 10x | as long as short |
| Arcus CRWV-USD | +0.0548% | 1h | 85.660 | −0.035% | $61K | $76K | 10x | as long as short |
BloFin CRWV-USDT
QFEX CRWV-USD
Lighter CRWV
Vest CRWV-USD-PERP
Ondo Perps CRWV-USD.P
KuCoin CRWVUSDTM
Bybit CRWVUSDT
tradeXYZ xyz:CRWV
edgeX CRWVUSDC
Polymarket Perps CRWV-USD
Arcus CRWV-USD