Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0446%/8h= −48.9% APRpaid last 24h +0.001%

Price spread now: BloFin against Polymarket Perps−0.070%105s7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.466% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.070%, 7d avg +0.058%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BloFin is 0.128% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.058%). Swap the legs. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRWV-USD	86.541	0.0418	pay 0.0052% / 1h	5m 21s	$71K	$260K	10x
Short	BloFin CRWV-USDT	86.480	−0.0029	pay 0.0029% / 8h	7h 05m	$170K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$93.76
Price spread: −0.070% → +0.058%: −$12.82
Slippage, 4 orders: −$26.6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$153.18
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; BloFin: live order book, 52 min ago.

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 Polymarket Perps live order book, 2 min ago	2.71 bp	6.7 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell BloFin live order book, 52 min ago	4.04 bp	19.6 bp −$20	37.6 bp −$376	doesn't fit	doesn't fit

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-USDTshort	−0.0029%	8h	86.480	−0.070%	$170K	$68K	20x
Aster CRWVUSDT	0.0000%	8h	86.574	+0.038%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.410	−0.151%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.440	−0.117%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.450	−0.105%	$2.3M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.448	−0.107%	$2K	$193K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.380	−0.186%	$2K	$4.9M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.480	−0.070%	$141K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0029%	1h	86.400	−0.163%	$1.3M	$3.1M	10x	as long as short
Lighter CRWV	+0.0032%	1h	86.510	−0.036%	$105K	$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	86.470	−0.082%	$420K	$358K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.540	−0.001%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.310	−0.267%	$332K	$218K	10x	as long as short
Variational Omni CRWV	+0.0061%	8h	86.444	−0.112%	$315K	$391K	—	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.390	−0.174%	$366K	$514K	20x	as long as short
Extended CRWV-USD	+0.0128%	1h	86.438	−0.119%	$14K	$306K	10x	as long as short
Binance CRWVUSDT	+0.0128%	8h	86.457	−0.096%	$9.6M	$17.5M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0156%	1h	86.423	−0.136%	$9.7M	$7.6M	10x	as long as short
edgeX CRWVUSDC	+0.0250%	4h	86.443	−0.113%	$89K	$201K	10x	as long as short
Phoenix CRWV	+0.0278%	1h	86.420	−0.140%	$1K	$44K	10x	as long as short
Bybit CRWVUSDT	+0.0315%	8h	86.500	−0.047%	$2.2M	$1.2M	25x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.400	−0.163%	$64K	$78K	10x	as long as short
Polymarket Perps CRWV-USDlong	+0.0418%	1h	86.541	long leg	$71K	$260K	10x