Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h −0.008%

Price spread now: Variational Omni against QFEX−0.021%7-day average +0.031% · you buy dearer than you sell

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.021%, 7d avg +0.031%

Together, before fees+0.068%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.052% cheaper against QFEX than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.031%). If the spread goes back, that is −$5 on $10k: about 3.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWV-USD	86.350	0.0029	pay 0.0004% / 1h	31m 10s	$1.4M	$3.2M	10x
Short	Variational Omni CRWV	86.332	0.0082	get 0.0082% / 8h	7h 31m	$315K	$391K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.021%Rate

Funding earned: $11.13
Price spread: −0.021% → +0.031%: −$5.24
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.12
Costs to cover: 0.100%
Break-even: 9.6 days

Slippage unknown: QFEX: live order book, 7 min ago; Variational Omni: RFQ quote, 43 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, 7 min ago	2.89 bp	9.0 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 43 min ago	3.67 bp	doesn't fit	24.1 bp −$241	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	86.496	+0.169%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.390	+0.046%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.350	0.000%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.370	+0.023%	$2.3M	$1.9M	20x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.240	−0.127%	$1K	$5.0M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.290	−0.069%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0020%	8h	86.400	+0.058%	$172K	$69K	20x	as long as short
QFEX CRWV-USDlong	+0.0029%	1h	86.350	long leg	$1.4M	$3.2M	10x
Lighter CRWV	+0.0032%	1h	86.410	+0.069%	$105K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	86.320	−0.035%	$419K	$357K	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	86.440	+0.104%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.380	+0.035%	$333K	$219K	10x	as long as short
Variational Omni CRWVshort	+0.0082%	8h	86.332	−0.021%	$315K	$391K	—
KuCoin CRWVUSDTM	+0.0100%	8h	86.340	−0.012%	$366K	$513K	20x	as long as short
Extended CRWV-USD	+0.0152%	1h	86.317	−0.039%	$17K	$364K	10x	as long as short
Binance CRWVUSDT	+0.0153%	8h	86.330	−0.023%	$9.6M	$17.6M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0153%	1h	86.329	−0.024%	$9.7M	$7.6M	10x	as long as short
GRVT CRWV_USDT_Perp	+0.0217%	8h	86.333	−0.020%	$2K	$197K	10x	as long as short
Phoenix CRWV	+0.0278%	1h	86.280	−0.081%	$1K	$44K	10x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.300	−0.058%	$64K	$78K	10x	as long as short
Bybit CRWVUSDT	+0.0349%	8h	86.390	+0.046%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0365%	1h	86.423	+0.085%	$71K	$254K	10x	as long as short
edgeX CRWVUSDC	+0.0369%	4h	86.375	+0.029%	$89K	$201K	10x	as long as short