Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h +0.023%

Price spread now: OKX against QFEX+0.035%7-day average +0.051% · 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−$41as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 7 days−0.039%−$4 · spread now +0.035%, 7d avg +0.051%

Together, before fees+0.015%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.054%, 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	85.850	0.0018	pay 0.0002% / 1h	16m 37s	$1.3M	$2.9M	10x
Short	OKX CRWV-USDT-SWAP	85.880	0	get 0.0000% / 8h	6h 16m	$2.6M	$4.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$3.68
Price spread: +0.035% → +0.051%: −$1.62
Slippage, 4 orders: −$19.31
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$44.61
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; OKX: live order book, 1 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, 6 min ago	2.33 bp	7.3 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.16 bp	13.6 bp −$14	35.1 bp −$351	doesn't fit	doesn't fit

CRWV on 22 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	86.007	+0.183%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAPshort	0.0000%	8h	85.880	+0.035%	$2.6M	$4.6M	25x
Gate CRWV_USDT	0.0000%	8h	85.860	+0.012%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.840	−0.012%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.835	−0.018%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.850	0.000%	$1K	$4.8M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.950	+0.116%	$140K	$2K	20x	as long as short
QFEX CRWV-USDlong	+0.0018%	1h	85.850	long leg	$1.3M	$2.9M	10x
Lighter CRWV	+0.0032%	1h	85.890	+0.047%	$104K	$30K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.830	−0.023%	$417K	$357K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRWV-USD	+0.0040%	1h	85.810	−0.047%	$64K	$79K	10x	as long as short
Variational Omni CRWV	+0.0040%	8h	85.839	−0.013%	$313K	$309K	—	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.920	+0.082%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.850	0.000%	$332K	$133K	10x	as long as short
edgeX CRWVUSDC	+0.0055%	4h	85.773	−0.089%	$88K	$202K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.870	+0.023%	$364K	$528K	20x	as long as short
Binance CRWVUSDT	+0.0108%	8h	85.867	+0.020%	$9.6M	$17.3M	25x	as long as short
Extended CRWV-USD	+0.0112%	1h	85.831	−0.023%	$16K	$312K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0183%	1h	85.796	−0.063%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0278%	1h	85.910	+0.070%	$1K	$46K	10x	as long as short
Bybit CRWVUSDT	+0.0331%	8h	85.900	+0.058%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0603%	1h	85.954	+0.121%	$85K	$287K	10x	as long as short