Funding you earn now, next payment 08:00 UTC+0.0235%/8h= +25.7% APRnext payment +$0.29 per $10,000 · paid last 24h +0.005%
Price spread now: Phoenix against Polymarket Perps+0.185%59s7-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 +$7 a day on $10k at the current rate, and Phoenix is 0.185% dearer against Polymarket Perps than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 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 | Polymarket Perps CRWV-USD | 83.286 | 0.0050 | pay 0.0006% / 1h | 29m 53s | $72K | $238K | 10x |
| Short | Phoenix CRWV | 83.440 | 0.0285 | get 0.0036% / 1h | 29m 53s | $2K | $40K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $49.29
- Price spread: +0.185% → 0.000%
- $18.49
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $52.78
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: live order book, 67 min ago; Phoenix: no order-book sample. 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 Polymarket Perps live order book, 67 min ago | 2.31 bp | 8.6 bp −$9 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CRWVUSDT | −0.0275% | 8h | 83.290 | +0.005% | $1.8M | $1.9M | 20x | as long as short |
| BloFin CRWV-USDT | −0.0008% | 8h | 83.290 | +0.005% | $152K | $63K | 20x | as long as short |
| Aster CRWVUSDT | 0.0000% | 8h | 83.367 | +0.097% | $36K | $34K | 20x | as long as short |
| Extended CRWV-USD | 0.0000% | 1h | 83.269 | −0.021% | $19K | $262K | 10x | as long as short |
| Binance CRWVUSDT | 0.0000% | 8h | 83.300 | +0.017% | $9.2M | $19.3M | 25x | as long as short |
| Bybit CRWVUSDT | 0.0000% | 8h | 83.300 | +0.017% | $1.9M | $1.3M | 25x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 83.260 | −0.031% | $2.2M | $5.4M | 25x | as long as short |
| Gate CRWV_USDT | 0.0000% | 8h | 83.260 | −0.031% | $5.2M | $4.4M | 50x | as long as short |
| Variational Omni CRWV | 0.0000% | 8h | 83.401 | +0.138% | $291K | $264K | — | as long as short |
| GRVT CRWV_USDT_Perp | 0.0000% | 8h | 83.517 | +0.277% | $2K | $186K | 10x | as long as short |
Show all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX CRWV-USDT | 0.0000% | 8h | 83.290 | +0.005% | $1K | $4.1M | 10x | as long as short |
| HTX CRWV-USDT | 0.0000% | 8h | 83.340 | +0.065% | $130K | $15K | 20x | as long as short |
| Lighter CRWV | +0.0032% | 1h | 83.230 | −0.067% | $100K | $37K | 10x | as long as short |
| Lighter RH CRWV | +0.0032% | 1h | 83.260 | −0.031% | $370K | $447K | 10x | as long as short |
| QFEX CRWV-USD | +0.0033% | 1h | 83.310 | +0.029% | $1.3M | $2.4M | 10x | as long as short |
| Arcus CRWV-USD | +0.0040% | 1h | 83.280 | −0.007% | $61K | $60K | 10x | as long as short |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 83.280 | −0.007% | — | $198K | 10x | as long as short |
| tradeXYZ xyz:CRWV | +0.0050% | 1h | 83.266 | −0.024% | $9.0M | $8.7M | 10x | as long as short |
| Polymarket Perps CRWV-USDlong | +0.0050% | 1h | 83.286 | long leg | $72K | $238K | 10x | |
| Ondo Perps CRWV-USD.P | +0.0050% | 1h | 83.290 | +0.005% | $305K | $165K | 10x | as long as short |
| KuCoin CRWVUSDTM | +0.0100% | 8h | 83.310 | +0.029% | $350K | $595K | 20x | as long as short |
| Phoenix CRWVshort | +0.0285% | 1h | 83.440 | +0.185% | $2K | $40K | 10x | |
| edgeX CRWVUSDC | +0.0727% | 4h | 83.444 | +0.190% | $86K | $204K | 10x | as long as short |
Polymarket Perps CRWV-USD
Phoenix CRWV
Bitget CRWVUSDT
BloFin CRWV-USDT
Aster CRWVUSDT
Extended CRWV-USD
Binance CRWVUSDT
Bybit CRWVUSDT
OKX CRWV-USDT-SWAP
Gate CRWV_USDT
Variational Omni CRWV
GRVT CRWV_USDT_Perp
SunX CRWV-USDT
HTX CRWV-USDT
Lighter CRWV
Lighter RH CRWV
tradeXYZ xyz:CRWV
KuCoin CRWVUSDTM
edgeX CRWVUSDC