Funding you earn now, next payment 21:00 UTC+0.0175%/8h= +19.2% APRnext payment +$0.22 per $10,000 · paid last 24h −0.005%
Price spread now: Polymarket Perps against Phoenix+0.107%7-day average — · you sell dearer than you buy
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—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Polymarket Perps is 0.107% dearer against Phoenix than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRWV | 85.630 | 0.0093 | pay 0.0012% / 1h | 1m 13s | $1K | $44K | 10x |
| Short | Polymarket Perps CRWV-USD | 85.722 | 0.0268 | get 0.0034% / 1h | 1m 13s | $68K | $193K | 10x |
Phoenix CRWV
Polymarket Perps CRWV-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $36.76
- Price spread: +0.107% → 0.000%
- $10.74
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $32.5
- Costs to cover
- 0.150%
- Break-even
- 0.8 days
Slippage unknown: Phoenix: no order-book sample; Polymarket Perps: live order book, 21 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 Polymarket Perps live order book, 21 min ago | 3.44 bp | 7.5 bp −$8 | 8.1 bp −$81 | 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 | −0.0005% | 8h | 85.710 | +0.093% | $171K | $68K | 20x | as long as short |
| Aster CRWVUSDT | 0.0000% | 8h | 85.686 | +0.065% | $37K | $35K | 20x | as long as short |
| Extended CRWV-USD | 0.0000% | 1h | 85.671 | +0.048% | $14K | $228K | 10x | as long as short |
| Binance CRWVUSDT | 0.0000% | 8h | 85.680 | +0.058% | $9.7M | $18.3M | 25x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 85.740 | +0.128% | $2.7M | $4.6M | 25x | as long as short |
| Gate CRWV_USDT | 0.0000% | 8h | 85.670 | +0.047% | $5.5M | $4.2M | 50x | as long as short |
| Bitget CRWVUSDT | 0.0000% | 8h | 85.680 | +0.058% | $2.2M | $2.0M | 20x | as long as short |
| Variational Omni CRWV | 0.0000% | 8h | 85.731 | +0.118% | $313K | $396K | — | as long as short |
| GRVT CRWV_USDT_Perp | 0.0000% | 8h | 85.711 | +0.095% | $2K | $222K | 10x | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 85.590 | −0.047% | $2K | $5.4M | 10x | as long as short |
BloFin CRWV-USDT
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-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CRWV-USDT | 0.0000% | 8h | 85.700 | +0.082% | $140K | $2K | 20x | as long as short |
| Lighter CRWV | +0.0032% | 1h | 85.740 | +0.128% | $104K | $32K | 10x | as long as short |
| Lighter RH CRWV | +0.0032% | 1h | 85.680 | +0.058% | $421K | $474K | 10x | as long as short |
| QFEX CRWV-USD | +0.0032% | 1h | 85.690 | +0.070% | $1.3M | $3.2M | 10x | as long as short |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 85.690 | +0.070% | — | $156K | 10x | as long as short |
| Ondo Perps CRWV-USD.P | +0.0050% | 1h | 85.520 | −0.128% | $331K | $215K | 10x | as long as short |
| tradeXYZ xyz:CRWV | +0.0087% | 1h | 85.635 | +0.006% | $9.6M | $7.7M | 10x | as long as short |
| Phoenix CRWVlong | +0.0093% | 1h | 85.630 | long leg | $1K | $44K | 10x | |
| KuCoin CRWVUSDTM | +0.0100% | 8h | 85.660 | +0.035% | $362K | $518K | 20x | as long as short |
| Bybit CRWVUSDT | +0.0124% | 8h | 85.700 | +0.082% | $2.2M | $1.3M | 25x | as long as short |
| Polymarket Perps CRWV-USDshort | +0.0268% | 1h | 85.722 | +0.107% | $68K | $193K | 10x | |
| Arcus CRWV-USD | +0.0402% | 1h | 85.680 | +0.058% | $61K | $76K | 10x | as long as short |
| edgeX CRWVUSDC | +0.0642% | 4h | 85.682 | +0.060% | $88K | $201K | 10x | as long as short |
HTX CRWV-USDT
Lighter CRWV
Lighter RH CRWV
QFEX CRWV-USD
Vest CRWV-USD-PERP
Ondo Perps CRWV-USD.P
tradeXYZ xyz:CRWV
KuCoin CRWVUSDTM
Bybit CRWVUSDT
Arcus CRWV-USD
edgeX CRWVUSDC