Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0120%/8h= −13.2% APRpaid last 24h −0.028%

Price spread now: HTX against tradeXYZ+0.108%7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.108%, 7d avg +0.132%

Together, before fees−0.211%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.025% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.132%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRWV	86.367	0.0120	pay 0.0015% / 1h	58m 59s	$9.7M	$7.6M	10x
Short	HTX CRWV-USDT	86.460	0	get 0.0000% / 8h	6h 58m	$141K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$25.24
Price spread: +0.108% → +0.132%: −$2.47
Slippage, 4 orders: −$18.9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$76.6
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; HTX: live order book, 7 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 tradeXYZ live order book, 10 min ago	0.35 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 7 min ago	4.63 bp	11.8 bp −$12	31.2 bp −$312	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	86.526	+0.184%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.420	+0.061%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.380	+0.015%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.410	+0.050%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.444	+0.089%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.340	−0.031%	$1K	$4.9M	10x	as long as short
HTX CRWV-USDTshort	0.0000%	8h	86.460	+0.108%	$141K	$2K	20x
BloFin CRWV-USDT	+0.0009%	8h	86.430	+0.073%	$170K	$68K	20x	as long as short
QFEX CRWV-USD	+0.0029%	1h	86.380	+0.015%	$1.4M	$3.1M	10x	as long as short
Lighter CRWV	+0.0032%	1h	86.460	+0.108%	$105K	$30K	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	86.390	+0.027%	$420K	$354K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.500	+0.154%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.310	−0.066%	$333K	$219K	10x	as long as short
Variational Omni CRWV	+0.0060%	8h	86.430	+0.073%	$315K	$391K	—	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.360	−0.008%	$365K	$513K	20x	as long as short
tradeXYZ xyz:CRWVlong	+0.0120%	1h	86.367	long leg	$9.7M	$7.6M	10x
Binance CRWVUSDT	+0.0125%	8h	86.384	+0.019%	$9.6M	$17.5M	25x	as long as short
Extended CRWV-USD	+0.0128%	1h	86.356	−0.013%	$14K	$306K	10x	as long as short
Phoenix CRWV	+0.0278%	1h	86.350	−0.020%	$1K	$43K	10x	as long as short
Bybit CRWVUSDT	+0.0304%	8h	86.420	+0.061%	$2.2M	$1.1M	25x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.380	+0.015%	$64K	$78K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0439%	1h	86.520	+0.177%	$71K	$263K	10x	as long as short
edgeX CRWVUSDC	+0.0971%	4h	86.392	+0.028%	$89K	$202K	10x	as long as short