CRWV

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.038%

Price spread now: QFEX against Phoenix+0.047%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. QFEX is 0.047% dearer against Phoenix than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRWV	86.000	0.0187	pay 0.0023% / 1h	5m 21s	$1K	$46K	10x
Short	QFEX CRWV-USD	86.040	0.0032	get 0.0004% / 1h	5m 21s	$1.3M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$32.44
Price spread: +0.047% → 0.000%: $4.65
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$44.79
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; QFEX: live order book, 2 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 QFEX live order book, 2 min ago	2.33 bp	9.6 bp −$10	11.7 bp −$117	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	86.136	+0.158%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.060	+0.070%	$2.5M	$4.8M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.080	+0.093%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.080	+0.093%	$2.0M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.013	+0.015%	$314K	$299K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.986	−0.016%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.020	+0.023%	$1K	$4.6M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.050	+0.058%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0013%	8h	85.990	−0.012%	$165K	$67K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.080	+0.093%	$103K	$32K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	86.030	+0.035%	$419K	$353K	10x	as long as short
QFEX CRWV-USDshort	+0.0032%	1h	86.040	+0.047%	$1.3M	$2.7M	10x
Binance CRWVUSDT	+0.0038%	8h	86.090	+0.105%	$9.6M	$17.0M	25x	as long as short
Extended CRWV-USD	+0.0040%	1h	86.068	+0.079%	$17K	$307K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.980	−0.023%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.140	+0.163%	—	$156K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	86.030	+0.035%	$9.7M	$7.9M	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.970	−0.035%	$331K	$137K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.020	+0.023%	$364K	$521K	20x	as long as short
Polymarket Perps CRWV-USD	+0.0125%	1h	86.081	+0.094%	$85K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0167%	8h	86.120	+0.140%	$2.2M	$1.2M	25x	as long as short
Phoenix CRWVlong	+0.0187%	1h	86.000	long leg	$1K	$46K	10x
edgeX CRWVUSDC	+0.0910%	4h	85.999	−0.001%	$89K	$202K	10x	as long as short