Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0097%/8h= +10.7% APRpaid last 24h +0.009%

Price spread now: Binance against QFEX−0.035%53s7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$360.356% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 2 days (all we have)+0.052%+$5 · spread now −0.035%, 7d avg +0.026%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.061% cheaper against QFEX than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.026%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.021% in total) that is about 10 days. The two prices were read 53 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	QFEX CRWV-USD	85.850	0.0018	pay 0.0002% / 1h	42m 41s	$1.4M	$3.0M	10x
Short	Binance CRWVUSDT	85.820	0.0115	get 0.0115% / 8h	6h 42m	$9.6M	$17.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now −0.035%Rate

Funding earned: $20.45
Price spread: −0.035% → +0.026%: −$6.1
Slippage, 4 orders: −$15.62
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.27
Costs to cover: 0.356%
Break-even: 14.3 days

Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 13 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 QFEX live order book, 5 min ago	1.75 bp	7.9 bp −$8	13.2 bp −$132	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.16 bp	10.3 bp −$10	21.0 bp −$210	70.1 bp −$7,006	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-USDT	−0.0027%	8h	86.180	+0.384%	$171K	$68K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	85.998	+0.172%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.890	+0.047%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.870	+0.023%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.850	0.000%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.962	+0.131%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.810	−0.047%	$2K	$4.9M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.990	+0.163%	$141K	$2K	20x	as long as short
QFEX CRWV-USDlong	+0.0018%	1h	85.850	long leg	$1.4M	$3.0M	10x
Lighter CRWV	+0.0032%	1h	85.940	+0.105%	$104K	$30K	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	85.830	−0.023%	$416K	$356K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.900	+0.058%	$64K	$78K	10x	as long as short
Variational Omni CRWV	+0.0041%	8h	85.967	+0.136%	$314K	$391K	—	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.880	+0.035%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.800	−0.058%	$332K	$219K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.820	−0.035%	$364K	$518K	20x	as long as short
Extended CRWV-USD	+0.0112%	1h	85.809	−0.048%	$19K	$309K	10x	as long as short
Binance CRWVUSDTshort	+0.0115%	8h	85.820	−0.035%	$9.6M	$17.5M	25x
Phoenix CRWV	+0.0278%	1h	85.960	+0.128%	$1K	$46K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0344%	1h	85.823	−0.031%	$10.0M	$8.0M	10x	as long as short
Bybit CRWVUSDT	+0.0409%	8h	85.910	+0.070%	$2.2M	$1.2M	25x	as long as short
edgeX CRWVUSDC	+0.0636%	4h	85.992	+0.165%	$89K	$202K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0670%	1h	85.942	+0.107%	$70K	$266K	10x	as long as short