Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h +0.104%

Price spread now: Gate against QFEX+0.012%7-day average +0.049% · 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−$51as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.012%, 7d avg +0.049%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.037% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.049%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.097%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWV-USD	86.180	0.0037	pay 0.0005% / 1h	23m 58s	$1.3M	$3.3M	10x
Short	Gate CRWV_USDT	86.190	0	get 0.0000% / 8h	23m 58s	$5.6M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.012%Rate

Funding earned: −$7.71
Price spread: +0.012% → +0.049%: −$3.74
Slippage, 4 orders: −$22.63
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.08
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	2.90 bp	7.9 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.06 bp	15.1 bp −$15	40.0 bp −$400	78.8 bp −$7,884	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
Aster CRWVUSDT	0.0000%	8h	86.189	+0.011%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.210	+0.035%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDTshort	0.0000%	8h	86.190	+0.012%	$5.6M	$3.9M	50x
Bitget CRWVUSDT	0.0000%	8h	86.200	+0.023%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.155	−0.029%	$314K	$391K	—	as long as short
SunX CRWV-USDT	0.0000%	8h	86.140	−0.046%	$2K	$5.3M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.230	+0.058%	$141K	$2K	20x	as long as short
GRVT CRWV_USDT_Perp	+0.0015%	8h	86.161	−0.022%	$2K	$205K	10x	as long as short
BloFin CRWV-USDT	+0.0020%	8h	86.170	−0.012%	$171K	$69K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.270	+0.104%	$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	86.210	+0.035%	$423K	$445K	10x	as long as short
QFEX CRWV-USDlong	+0.0037%	1h	86.180	long leg	$1.3M	$3.3M	10x
Binance CRWVUSDT	+0.0040%	8h	86.218	+0.044%	$9.7M	$18.1M	25x	as long as short
Extended CRWV-USD	+0.0040%	1h	86.198	+0.021%	$14K	$228K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.280	+0.116%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.100	−0.093%	$332K	$217K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.160	−0.023%	$364K	$517K	20x	as long as short
Phoenix CRWV	+0.0186%	1h	86.180	0.000%	$1K	$44K	10x	as long as short
Bybit CRWVUSDT	+0.0215%	8h	86.240	+0.070%	$2.2M	$1.2M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0234%	1h	86.191	+0.013%	$9.6M	$7.6M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0343%	1h	86.208	+0.032%	$66K	$198K	10x	as long as short
Arcus CRWV-USD	+0.0456%	1h	86.160	−0.023%	$62K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0960%	4h	86.203	+0.027%	$89K	$200K	10x	as long as short