Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 52.600 | +0.0046 | pay 0.0006% / 1h | 55m 00s | $31K | $140K | 10x | Long Vest Markets+5% pts | |
| SHORT | 52.670 | +0.0034 | get 0.0004% / 1h | 55m 00s | $181K | $378K | — | Short AZverse |
Price gap+0.133%
Funding gap−0.0011% /8h
Both sides work against this direction now: funding costs $0 a day on $10k and the gap is 0.885% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0011% /8h now · paid −0.078% over the last 1 day (all we have)
Price−$89spread +0.133% now, avg +1.019% → −0.885% if it goes back
Costsno datano order book for Vest Markets and AZverse
Result, before costs−$96−0.96%+ Points / potential airdropVest Markets: points · farm boardcosts unknown: no order book for Vest Markets and AZverse · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.133%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCRWV on 30 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for Vest Markets and AZverse: its slippage is not counted.
- Note: Margin at max leverage$1,000 + —Vest Markets 10x, AZverse —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$0.34Long Vest Markets: 24 payments, −$1.37; short AZverse: 24 payments, +$1.03.
- Watch: Gap narrower than usual+0.133% vs +1.019%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$31K vs $181K OIVest Markets sets your exit cost. Check its book before closing.
- OK: Points on a legVest Markets pointsVolume here counts toward the points program.
- OK: No KYC on either legVest Markets No · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0231%/8h × 21 periods−$48.43
Price spread+0.133% → +1.019% (7d avg)−$88.54
Slippage, 4 ordersno data for Vest Markets and AZverse—
Fee Vest Markets bp × 2 orders−$2.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$150.98
Costs to cover0.140%Break-evennever at this rate
Slippage: Vest Markets: no order-book sample; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGVest Markets—————
SELL · SHORTAZverse—————
Closing costs about the same again.
Vest Markets and AZverse: no data.
| 10-25 09:09 | AZverse | Listing | new market crwv_usdt ($CRWV) seen by our collector |
| 10-21 14:38 | RISEx | Listing | $CRWV is now live on RISEx, up to 10x. The read: CoreWeave rents NVIDIA GPUs to big tech. Meta alone is a $21B customer, and it will report after the close today. If Meta keeps spending, the AI build-out keeps getting funded. Otherwise, CRWV is likely to feel it first. @risextrade on X ↗ |
| 10-21 08:06 | RISEx | Listing | new market CRWV/USDC ($CRWV) seen by our collector |
| 10-20 13:30 | Vest Markets | Other | Into the open, $CRWV is down around 3%, trading near the 52-week low it touched on Monday. HSBC estimates an average return on invested capital of 8.9% through 2030, below its cost of borrowing, against more than $51 billion in debt. Trade $CRWV volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
| 10-19 23:30 | Kalshi | Other | JUST IN: Goldman Sachs upgrades CoreWeave to Buy @Kalshi on X ↗ |
| 10-18 00:45 | Arcus | Other | This weekend, memory stocks swept ~7% in minutes on perp markets, on no news, then bounced most of the way back. On Arcus, price bands held the move. Outside regular trading hours, perps trading and the mark price are constrained to a range around the last regular-hours price. The range widens only if sustained pressure builds - so a flash wick in thin weekend liquidity can't instantly mark positions down. The result on Saturday: 44.4k orders were rejected at the band floor, and 98% of open positions on SKHY, SNDK, MU, DRAM, CRWV, and BE made it through the wick without being liquidated. Price bands don't make liquidation impossible - a real, sustained move will still move the mark. They exist so you aren't liquidated by ten minutes of thin liquidity. How off-hours protection works: @arcus_xyz on X ↗ |
RISEx
Kalshi