CRWV

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.038%

Price spread now: Phoenix against QFEX−0.046%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Phoenix is 0.046% cheaper against QFEX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 24 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWV-USD	86.040	0.0032	pay 0.0004% / 1h	5m 20s	$1.3M	$2.7M	10x
Short	Phoenix CRWV	86.000	0.0187	get 0.0023% / 1h	5m 20s	$1K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.046%Rate

Funding earned: $32.44
Price spread: −0.046% → 0.000%: −$4.65
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $10.79
Costs to cover: 0.170%
Break-even: 4.7 days

Slippage unknown: QFEX: live order book, 2 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 QFEX live order book, 2 min ago	2.33 bp	7.3 bp −$7	9.8 bp −$98	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
Aster CRWVUSDT	0.0000%	8h	86.136	+0.112%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.060	+0.023%	$2.5M	$4.8M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.080	+0.046%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.080	+0.046%	$2.0M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.013	−0.031%	$314K	$299K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.986	−0.063%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.020	−0.023%	$1K	$4.6M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.050	+0.012%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0013%	8h	85.990	−0.058%	$165K	$67K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.080	+0.046%	$103K	$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	86.030	−0.012%	$419K	$353K	10x	as long as short
QFEX CRWV-USDlong	+0.0032%	1h	86.040	long leg	$1.3M	$2.7M	10x
Binance CRWVUSDT	+0.0038%	8h	86.090	+0.058%	$9.6M	$17.0M	25x	as long as short
Extended CRWV-USD	+0.0040%	1h	86.068	+0.033%	$17K	$307K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.980	−0.070%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.140	+0.116%	—	$156K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	86.030	−0.012%	$9.7M	$7.9M	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.970	−0.081%	$331K	$137K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.020	−0.023%	$364K	$521K	20x	as long as short
Polymarket Perps CRWV-USD	+0.0125%	1h	86.081	+0.048%	$85K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0167%	8h	86.120	+0.093%	$2.2M	$1.2M	25x	as long as short
Phoenix CRWVshort	+0.0187%	1h	86.000	−0.046%	$1K	$46K	10x
edgeX CRWVUSDC	+0.0910%	4h	85.999	−0.047%	$89K	$202K	10x	as long as short