Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h 0.000%

Price spread now: Lighter against Bitget+0.047%7-day average −0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$590.595% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.047%, 7d avg −0.132%

Together, before fees−0.170%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.178% dearer against Bitget than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRWVUSDT	85.930	0	get 0.0000% / 8h	5h 51m	$2.1M	$2.0M	20x
Short	Lighter CRWV	85.970	0.0032	get 0.0004% / 1h	51m 36s	$104K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.047%Rate

Funding earned: $6.72
Price spread: +0.047% → −0.132%: $17.81
Slippage, 4 orders: −$47.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.95
Costs to cover: 0.595%
Break-even: 43.4 days

Slippage from Bitget: live order book, 6 min ago; Lighter: live order book, 58 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 Bitget live order book, 6 min ago	3.49 bp	18.2 bp −$18	41.1 bp −$411	doesn't fit	doesn't fit
Sell Lighter live order book, 58 min ago	12.76 bp	15.1 bp −$15	28.3 bp −$283	doesn't fit	doesn't fit

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	86.054	+0.145%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.940	+0.012%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.950	+0.023%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDTlong	0.0000%	8h	85.930	long leg	$2.1M	$2.0M	20x
GRVT CRWV_USDT_Perp	0.0000%	8h	85.912	−0.021%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.850	−0.093%	$2K	$4.7M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.840	−0.105%	$140K	$2K	20x	as long as short
Variational Omni CRWV	+0.0014%	8h	85.891	−0.046%	$313K	$309K	—	as long as short
Lighter CRWVshort	+0.0032%	1h	85.970	+0.047%	$104K	$29K	10x
Lighter RH CRWV	+0.0032%	1h	85.930	0.000%	$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	85.940	+0.012%	$1.3M	$2.8M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.860	−0.081%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.010	+0.093%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.760	−0.198%	$331K	$132K	10x	as long as short
Extended CRWV-USD	+0.0096%	1h	85.927	−0.003%	$16K	$307K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.870	−0.070%	$364K	$530K	20x	as long as short
Binance CRWVUSDT	+0.0101%	8h	85.950	+0.023%	$9.6M	$17.1M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0121%	1h	85.914	−0.019%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.920	−0.012%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0252%	1h	85.958	+0.033%	$85K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0294%	8h	85.960	+0.035%	$2.2M	$1.1M	25x	as long as short
edgeX CRWVUSDC	+0.0702%	4h	85.912	−0.021%	$88K	$202K	10x	as long as short