Settings8H · net · $10k
Funding arb · Price arb /

CRWV

RWAall CRWV markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.76 per $10,000 · paid last 24h +0.009%
Price spread now: KuCoin against BloFin+0.084%65s7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2702.703% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.084%, 7d avg −0.056%
Together, before fees+0.006%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.140% dearer against BloFin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.056%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CRWV-USDT83.4200.0024pay 0.0024% / 8h7h 34m$152K$64K20x
ShortKuCoin CRWVUSDTM83.4900.0100get 0.0100% / 8h7h 34m$351K$590K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Funding earned
$15.95
Price spread: +0.084% → −0.056%
$13.96
Slippage, 4 orders
−$246.28
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$240.37
Costs to cover
2.703%
Break-even
112.5 days
Slippage from BloFin: live order book, 30 min ago; KuCoin: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 30 min ago4.15 bp12.4 bp −$1219.6 bp −$196doesn't fitdoesn't fit
Sell KuCoin live order book, 60 min ago18.37 bp114.9 bp −$115doesn't fitdoesn't fitdoesn't fit

CRWV on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CRWVUSDT−0.0290%8h83.480+0.072%$1.8M$1.9M20xas long as short
Aster CRWVUSDT0.0000%8h83.530+0.131%$36K$34K20xas long as short
Extended CRWV-USD0.0000%1h83.443+0.027%$19K$262K10xas long as short
Binance CRWVUSDT0.0000%8h83.469+0.059%$9.3M$19.3M25xas long as short
Bybit CRWVUSDT0.0000%8h83.470+0.060%$1.9M$1.3M25xas long as short
OKX CRWV-USDT-SWAP0.0000%8h83.510+0.108%$2.2M$5.4M25xas long as short
Gate CRWV_USDT0.0000%8h83.480+0.072%$5.2M$4.4M50xas long as short
Variational Omni CRWV0.0000%8h83.521+0.121%$292K$264Kas long as short
GRVT CRWV_USDT_Perp0.0000%8h83.690+0.324%$2K$186K10xas long as short
SunX CRWV-USDT0.0000%8h83.510+0.108%$1K$4.1M10xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX CRWV-USDT0.0000%8h83.510+0.108%$130K$15K20xas long as short
BloFin CRWV-USDTlong+0.0024%8h83.420long leg$152K$64K20x
Lighter CRWV+0.0032%1h83.410−0.012%$101K$37K10xas long as short
Lighter RH CRWV+0.0032%1h83.450+0.036%$371K$447K10xas long as short
QFEX CRWV-USD+0.0033%1h83.410−0.012%$1.3M$2.4M10xas long as short
Arcus CRWV-USD+0.0040%1h83.380−0.048%$63K$59K10xas long as short
Vest CRWV-USD-PERP+0.0046%1h83.430+0.012%$198K10xas long as short
tradeXYZ xyz:CRWV+0.0050%1h83.452+0.038%$9.2M$8.6M10xas long as short
Polymarket Perps CRWV-USD+0.0050%1h83.390−0.036%$73K$238K10xas long as short
Ondo Perps CRWV-USD.P+0.0050%1h83.440+0.024%$307K$165K10xas long as short
KuCoin CRWVUSDTMshort+0.0100%8h83.490+0.084%$351K$590K20x
Phoenix CRWV+0.0285%1h83.470+0.060%$2K$40K10xas long as short
edgeX CRWVUSDC+0.0464%4h83.706+0.343%$86K$203K10xas long as short