Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.049%

Price spread now: Phoenix against SunX+0.047%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.047% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRWV-USDT	85.760	0	get 0.0000% / 8h	1h 16m	$1K	$5.4M	10x
Short	Phoenix CRWV	85.800	0.0187	get 0.0023% / 1h	16m 41s	$1K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SunX. 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 SunXbpFee PhoenixbpOrdersPrice spread, now +0.047%Rate

Funding earned: $39.22
Price spread: +0.047% → 0.000%: $4.66
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $28.89
Costs to cover: 0.150%
Break-even: 1.8 days

Slippage unknown: SunX: live order book, 12 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 SunX live order book, 12 min ago	500.52 bp	doesn't fit	doesn't fit	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
BloFin CRWV-USDT	−0.0027%	8h	85.870	+0.128%	$170K	$68K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	85.861	+0.118%	$37K	$35K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	85.834	+0.086%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	85.849	+0.104%	$9.7M	$18.3M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.860	+0.117%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.840	+0.093%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.840	+0.093%	$2.3M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.844	+0.098%	$313K	$396K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.846	+0.101%	$3K	$214K	10x	as long as short
SunX CRWV-USDTlong	0.0000%	8h	85.760	long leg	$1K	$5.4M	10x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWV-USDT	0.0000%	8h	85.870	+0.128%	$140K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0026%	1h	85.820	+0.070%	$1.3M	$3.3M	10x	as long as short
Lighter CRWV	+0.0032%	1h	85.890	+0.152%	$104K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.840	+0.093%	$421K	$454K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.870	+0.128%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.670	−0.105%	$331K	$215K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.850	+0.105%	$363K	$509K	20x	as long as short
tradeXYZ xyz:CRWV	+0.0119%	1h	85.811	+0.059%	$9.6M	$7.6M	10x	as long as short
Bybit CRWVUSDT	+0.0166%	8h	85.890	+0.152%	$2.2M	$1.3M	25x	as long as short
Phoenix CRWVshort	+0.0187%	1h	85.800	+0.047%	$1K	$44K	10x
Polymarket Perps CRWV-USD	+0.0374%	1h	85.894	+0.156%	$65K	$197K	10x	as long as short
Arcus CRWV-USD	+0.0548%	1h	85.840	+0.093%	$61K	$76K	10x	as long as short
edgeX CRWVUSDC	+0.0807%	4h	85.812	+0.061%	$89K	$201K	10x	as long as short