Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0026%/8h= −2.9% APRpaid last 24h −0.011%

Price spread now: SunX against QFEX−0.070%7-day average −0.036% · you buy dearer than you sell

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now −0.070%, 7d avg −0.036%

Together, before fees−0.067%−$7 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 SunX is 0.034% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWV-USD	85.660	0.0026	pay 0.0003% / 1h	45m 07s	$1.3M	$3.3M	10x
Short	SunX CRWV-USDT	85.600	0	get 0.0000% / 8h	1h 45m	$2K	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$5.48
Price spread: −0.070% → −0.036%: −$3.39
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$26.86
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; SunX: live order book, 3 min ago. 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, 3 min ago	1.75 bp	6.8 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.44 bp	doesn't fit	doesn't fit	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
Aster CRWVUSDT	0.0000%	8h	85.753	+0.109%	$37K	$35K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	85.704	+0.051%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	85.720	+0.070%	$9.7M	$18.3M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.710	+0.058%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.700	+0.047%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.710	+0.058%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.677	+0.020%	$313K	$396K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.750	+0.105%	$2K	$219K	10x	as long as short
SunX CRWV-USDTshort	0.0000%	8h	85.600	−0.070%	$2K	$5.4M	10x
HTX CRWV-USDT	0.0000%	8h	85.760	+0.117%	$140K	$2K	20x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CRWV-USDT	+0.0009%	8h	85.770	+0.128%	$170K	$68K	20x	as long as short
QFEX CRWV-USDlong	+0.0026%	1h	85.660	long leg	$1.3M	$3.3M	10x
Lighter CRWV	+0.0032%	1h	85.750	+0.105%	$104K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.710	+0.058%	$421K	$454K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.720	+0.070%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.650	−0.012%	$331K	$215K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.700	+0.047%	$362K	$517K	20x	as long as short
Bybit CRWVUSDT	+0.0155%	8h	85.710	+0.058%	$2.2M	$1.3M	25x	as long as short
Phoenix CRWV	+0.0187%	1h	85.610	−0.058%	$1K	$44K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0227%	1h	85.660	0.000%	$9.6M	$7.6M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0471%	1h	85.738	+0.091%	$68K	$193K	10x	as long as short
Arcus CRWV-USD	+0.0548%	1h	85.700	+0.047%	$61K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0556%	4h	85.715	+0.064%	$88K	$201K	10x	as long as short