Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.047%

Price spread now: Phoenix against Variational Omni−0.162%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.162% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 46 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRWV	83.936	0	get 0.0000% / 8h	7h 46m	$293K	$264K	—
Short	Phoenix CRWV	83.800	0.0285	get 0.0036% / 1h	46m 45s	$2K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Variational Omni. 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 Variational OmnibpFee PhoenixbpOrdersPrice spread, now −0.162%Rate

Funding earned: $59.79
Price spread: −0.162% → 0.000%: −$16.22
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $36.57
Costs to cover: 0.070%
Break-even: 2.7 days

Slippage unknown: Variational Omni: RFQ quote, 52 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 Variational Omni RFQ quote, 52 min ago	2.75 bp	doesn't fit	24.9 bp −$249	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
Bitget CRWVUSDT	−0.0336%	8h	83.860	−0.091%	$1.8M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	−0.0019%	8h	83.893	−0.051%	$2K	$187K	10x	as long as short
BloFin CRWV-USDT	−0.0015%	8h	83.840	−0.115%	$154K	$64K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	83.877	−0.071%	$36K	$34K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	83.841	−0.114%	$19K	$263K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	83.869	−0.080%	$9.3M	$19.0M	25x	as long as short
Bybit CRWVUSDT	0.0000%	8h	83.860	−0.091%	$1.9M	$1.3M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	83.830	−0.126%	$2.2M	$5.3M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	83.840	−0.115%	$5.2M	$4.4M	50x	as long as short
Variational Omni CRWVlong	0.0000%	8h	83.936	long leg	$293K	$264K	—

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CRWV-USDT	0.0000%	8h	83.780	−0.186%	$2K	$4.2M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	83.960	+0.028%	$131K	$15K	20x	as long as short
Lighter CRWV	+0.0032%	1h	83.800	−0.162%	$101K	$37K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	83.860	−0.091%	$373K	$446K	10x	as long as short
QFEX CRWV-USD	+0.0033%	1h	83.900	−0.043%	$1.3M	$2.4M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	83.850	−0.103%	$63K	$58K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	83.920	−0.019%	—	$198K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	83.815	−0.144%	$9.3M	$8.5M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0050%	1h	83.856	−0.095%	$73K	$238K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	83.760	−0.210%	$307K	$164K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	83.830	−0.126%	$352K	$583K	20x	as long as short
Phoenix CRWVshort	+0.0285%	1h	83.800	−0.162%	$2K	$40K	10x
edgeX CRWVUSDC	+0.0935%	4h	83.880	−0.067%	$86K	$204K	10x	as long as short