Funding you earn now, next payment 02:00 UTC−0.0260%/8h= −28.5% APRnext payment −$0.33 per $10,000 · paid last 24h −0.019%
Price spread now: Lighter against tradeXYZ+0.134%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.134%, 7d avg +0.008%
=Together, before fees−0.222%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.126% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.008%): +$13 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.074% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CRWV | 85.745 | 0.0324 | pay 0.0041% / 1h | 37m 30s | $9.9M | $8.0M | 10x |
| Short | Lighter CRWV | 85.860 | 0.0064 | get 0.0008% / 1h | 37m 30s | $104K | $30K | 10x |
tradeXYZ xyz:CRWV
Lighter CRWVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$54.62
- Price spread: +0.134% → +0.008%
- $12.58
- Slippage, 4 orders
- −$30.77
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$90.81
- Costs to cover
- 0.488%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; Lighter: live order book, 12 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 | 0.47 bp | 11.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 12.76 bp | 15.1 bp −$15 | 28.3 bp −$283 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWV-USDT | −0.0027% | 8h | 86.180 | +0.507% | $171K | $68K | 20x | as long as short |
| Aster CRWVUSDT | 0.0000% | 8h | 85.943 | +0.231% | $37K | $35K | 20x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 85.830 | +0.099% | $2.6M | $4.6M | 25x | as long as short |
| Gate CRWV_USDT | 0.0000% | 8h | 85.800 | +0.064% | $5.5M | $3.9M | 50x | as long as short |
| Bitget CRWVUSDT | 0.0000% | 8h | 85.890 | +0.169% | $2.2M | $1.9M | 20x | as long as short |
| GRVT CRWV_USDT_Perp | 0.0000% | 8h | 85.787 | +0.049% | $3K | $192K | 10x | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 85.730 | −0.017% | $2K | $4.9M | 10x | as long as short |
| HTX CRWV-USDT | 0.0000% | 8h | 85.860 | +0.134% | $140K | $2K | 20x | as long as short |
| QFEX CRWV-USD | +0.0018% | 1h | 85.770 | +0.029% | $1.3M | $2.9M | 10x | as long as short |
| Lighter RH CRWV | +0.0032% | 1h | 85.770 | +0.029% | $417K | $357K | 10x | as long as short |
BloFin CRWV-USDT
Aster CRWVUSDT
OKX CRWV-USDT-SWAP
Gate CRWV_USDT
Bitget CRWVUSDT
GRVT CRWV_USDT_Perp
SunX CRWV-USDT
HTX CRWV-USDT
QFEX CRWV-USD
Lighter RH CRWVShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus CRWV-USD | +0.0040% | 1h | 85.750 | +0.006% | $64K | $78K | 10x | as long as short |
| Variational Omni CRWV | +0.0041% | 8h | 85.842 | +0.113% | $313K | $391K | — | as long as short |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 85.780 | +0.041% | — | $156K | 10x | as long as short |
| Ondo Perps CRWV-USD.P | +0.0050% | 1h | 85.630 | −0.134% | $331K | $218K | 10x | as long as short |
| Lighter CRWVshort | +0.0064% | 1h | 85.860 | +0.134% | $104K | $30K | 10x | |
| KuCoin CRWVUSDTM | +0.0100% | 8h | 85.760 | +0.017% | $363K | $518K | 20x | as long as short |
| Extended CRWV-USD | +0.0112% | 1h | 85.772 | +0.032% | $19K | $309K | 10x | as long as short |
| Binance CRWVUSDT | +0.0115% | 8h | 85.787 | +0.049% | $9.6M | $17.5M | 25x | as long as short |
| edgeX CRWVUSDC | +0.0142% | 4h | 85.783 | +0.044% | $88K | $201K | 10x | as long as short |
| Phoenix CRWV | +0.0278% | 1h | 85.890 | +0.169% | $1K | $46K | 10x | as long as short |
| tradeXYZ xyz:CRWVlong | +0.0324% | 1h | 85.745 | long leg | $9.9M | $8.0M | 10x | |
| Bybit CRWVUSDT | +0.0422% | 8h | 85.820 | +0.087% | $2.2M | $1.2M | 25x | as long as short |
| Polymarket Perps CRWV-USD | +0.0688% | 1h | 85.850 | +0.122% | $70K | $268K | 10x | as long as short |
Arcus CRWV-USD
Variational Omni CRWV
Vest CRWV-USD-PERP
Ondo Perps CRWV-USD.P
KuCoin CRWVUSDTM
Extended CRWV-USD
Binance CRWVUSDT
edgeX CRWVUSDC
Phoenix CRWV
Bybit CRWVUSDT
Polymarket Perps CRWV-USD