Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.007%

Price spread now: Ondo Perps against Binance−0.116%7-day average −0.115% · you buy dearer than you sell

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 2 days (all we have)+0.034%+$3 · spread now −0.116%, 7d avg −0.115%

Together, before fees+0.053%+ Points / potential airdropOndo Perps: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.115%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRWVUSDT	85.860	0.0099	pay 0.0099% / 8h	5h 49m	$9.6M	$17.1M	25x
Short	Ondo Perps CRWV-USD.P	85.760	0.0050	get 0.0006% / 1h	49m 19s	$331K	$132K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. 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 BinancebpFee Ondo PerpsbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$10.3
Price spread: −0.116% → −0.115%: −$0.12
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$25.42
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; Ondo Perps: 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 Binance live order book, 6 min ago	1.75 bp	9.1 bp −$9	22.3 bp −$223	93.3 bp −$9,334	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 22 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	86.011	+0.176%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.850	−0.012%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.910	+0.058%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.860	0.000%	$2.1M	$2.0M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.935	+0.087%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.820	−0.047%	$1K	$4.7M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.930	+0.082%	$140K	$2K	20x	as long as short
Variational Omni CRWV	+0.0024%	8h	85.918	+0.068%	$314K	$309K	—	as long as short
Lighter CRWV	+0.0032%	1h	85.940	+0.093%	$104K	$29K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.870	+0.012%	$418K	$352K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWV-USD	+0.0032%	1h	85.880	+0.023%	$1.3M	$2.8M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.870	+0.012%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.940	+0.093%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.Pshort	+0.0050%	1h	85.760	−0.116%	$331K	$132K	10x
Extended CRWV-USD	+0.0096%	1h	85.837	−0.027%	$14K	$309K	10x	as long as short
Binance CRWVUSDTlong	+0.0099%	8h	85.860	long leg	$9.6M	$17.1M	25x
KuCoin CRWVUSDTM	+0.0100%	8h	85.850	−0.012%	$363K	$530K	20x	as long as short
tradeXYZ xyz:CRWV	+0.0117%	1h	85.853	−0.008%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.920	+0.070%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0230%	1h	85.898	+0.044%	$85K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0288%	8h	85.910	+0.058%	$2.2M	$1.1M	25x	as long as short
edgeX CRWVUSDC	+0.0702%	4h	85.912	+0.061%	$88K	$202K	10x	as long as short