Funding you earn now, next payment 23:00 UTC−0.0270%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h −0.021%
Price spread now: Phoenix against Arcus+0.104%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
The price spread pays, funding is against you. Phoenix is 0.104% dearer against Arcus than usual: you sell high and buy low (spread +0.104% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 31 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus CRWV-USD | 86.330 | 0.0456 | pay 0.0057% / 1h | 14m 22s | $62K | $76K | 10x |
| Short | Phoenix CRWV | 86.420 | 0.0186 | get 0.0023% / 1h | 14m 22s | $1K | $44K | 10x |
Arcus CRWV-USD
Phoenix CRWVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Arcus. 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
- −$56.7
- Price spread: +0.104% → 0.000%
- $10.43
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$57.78
- Costs to cover
- 0.115%
- Break-even
- never at this rate
Slippage unknown: Arcus: no order-book sample; 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 Arcus no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Arcus and 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 | −0.0009% | 8h | 86.460 | +0.151% | $171K | $69K | 20x | as long as short |
| Aster CRWVUSDT | 0.0000% | 8h | 86.498 | +0.195% | $37K | $35K | 20x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 86.370 | +0.046% | $2.7M | $4.6M | 25x | as long as short |
| Gate CRWV_USDT | 0.0000% | 8h | 86.330 | 0.000% | $5.6M | $4.0M | 50x | as long as short |
| Bitget CRWVUSDT | 0.0000% | 8h | 86.330 | 0.000% | $2.3M | $2.0M | 20x | as long as short |
| Variational Omni CRWV | 0.0000% | 8h | 86.392 | +0.072% | $315K | $391K | — | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 86.250 | −0.093% | $1K | $5.3M | 10x | as long as short |
| HTX CRWV-USDT | 0.0000% | 8h | 86.450 | +0.139% | $141K | $2K | 20x | as long as short |
| Lighter CRWV | +0.0032% | 1h | 86.440 | +0.127% | $105K | $32K | 10x | as long as short |
| Lighter RH CRWV | +0.0032% | 1h | 86.350 | +0.023% | $424K | $445K | 10x | as long as short |
BloFin CRWV-USDT
Aster CRWVUSDT
OKX CRWV-USDT-SWAP
Gate CRWV_USDT
Bitget CRWVUSDT
Variational Omni CRWV
SunX CRWV-USDT
HTX CRWV-USDT
Lighter CRWV
Lighter RH CRWVShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CRWV-USD | +0.0037% | 1h | 86.330 | 0.000% | $1.4M | $3.3M | 10x | as long as short |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 86.460 | +0.151% | — | $156K | 10x | as long as short |
| Ondo Perps CRWV-USD.P | +0.0050% | 1h | 86.340 | +0.012% | $333K | $217K | 10x | as long as short |
| GRVT CRWV_USDT_Perp | +0.0060% | 8h | 86.390 | +0.070% | $2K | $205K | 10x | as long as short |
| Binance CRWVUSDT | +0.0088% | 8h | 86.330 | 0.000% | $9.7M | $18.0M | 25x | as long as short |
| Extended CRWV-USD | +0.0088% | 1h | 86.314 | −0.019% | $14K | $228K | 10x | as long as short |
| KuCoin CRWVUSDTM | +0.0100% | 8h | 86.350 | +0.023% | $365K | $517K | 20x | as long as short |
| Phoenix CRWVshort | +0.0186% | 1h | 86.420 | +0.104% | $1K | $44K | 10x | |
| tradeXYZ xyz:CRWV | +0.0198% | 1h | 86.341 | +0.013% | $9.6M | $7.6M | 10x | as long as short |
| Bybit CRWVUSDT | +0.0210% | 8h | 86.400 | +0.081% | $2.2M | $1.2M | 25x | as long as short |
| Polymarket Perps CRWV-USD | +0.0314% | 1h | 86.396 | +0.076% | $61K | $210K | 10x | as long as short |
| edgeX CRWVUSDC | +0.0363% | 4h | 86.406 | +0.088% | $89K | $202K | 10x | as long as short |
| Arcus CRWV-USDlong | +0.0456% | 1h | 86.330 | long leg | $62K | $76K | 10x |
QFEX CRWV-USD
Vest CRWV-USD-PERP
Ondo Perps CRWV-USD.P
GRVT CRWV_USDT_Perp
Binance CRWVUSDT
Extended CRWV-USD
KuCoin CRWVUSDTM
tradeXYZ xyz:CRWV
Bybit CRWVUSDT
Polymarket Perps CRWV-USD
edgeX CRWVUSDC