Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.080%

Price spread now: Bybit against QFEX+0.093%7-day average +0.037% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$570.573% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.168%+$17 on $10k

Price spread, last 7 days−0.129%−$13 · spread now +0.093%, 7d avg +0.037%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.056% dearer against QFEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWV-USD	86.470	0.0029	pay 0.0004% / 1h	53m 32s	$1.4M	$3.3M	10x
Short	Bybit CRWVUSDT	86.550	0.0210	get 0.0210% / 8h	7h 53m	$2.2M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.093%Rate

Funding earned: $38.03
Price spread: +0.093% → +0.037%: $5.57
Slippage, 4 orders: −$36.32
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$13.71
Costs to cover: 0.573%
Break-even: 9.5 days

Slippage from QFEX: live order book, 9 min ago; Bybit: live order book, 3 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, 9 min ago	1.74 bp	6.7 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.20 bp	21.8 bp −$22	118.7 bp −$1,187	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-USDT	−0.0002%	8h	86.540	+0.081%	$171K	$69K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.639	+0.195%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.500	+0.035%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.500	+0.035%	$5.6M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.490	+0.023%	$2.3M	$1.9M	20x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.380	−0.104%	$2K	$5.2M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.330	−0.162%	$141K	$2K	20x	as long as short
QFEX CRWV-USDlong	+0.0029%	1h	86.470	long leg	$1.4M	$3.3M	10x
Lighter CRWV	+0.0032%	1h	86.560	+0.104%	$105K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	86.500	+0.035%	$422K	$354K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRWV-USD-PERP	+0.0046%	1h	86.620	+0.173%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.390	−0.093%	$334K	$218K	10x	as long as short
Variational Omni CRWV	+0.0054%	8h	86.593	+0.143%	$316K	$391K	—	as long as short
edgeX CRWVUSDC	+0.0086%	4h	86.511	+0.048%	$89K	$200K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.460	−0.012%	$366K	$514K	20x	as long as short
Extended CRWV-USD	+0.0136%	1h	86.481	+0.013%	$14K	$224K	10x	as long as short
Binance CRWVUSDT	+0.0137%	8h	86.500	+0.035%	$9.6M	$18.1M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0163%	1h	86.486	+0.019%	$9.7M	$7.6M	10x	as long as short
Phoenix CRWV	+0.0186%	1h	86.450	−0.023%	$1K	$44K	10x	as long as short
Bybit CRWVUSDTshort	+0.0210%	8h	86.550	+0.093%	$2.2M	$1.2M	25x
GRVT CRWV_USDT_Perp	+0.0280%	8h	86.547	+0.089%	$2K	$202K	10x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.450	−0.023%	$64K	$79K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0393%	1h	86.545	+0.087%	$71K	$254K	10x	as long as short