Funding you earn now, next payment 08:00 UTC−0.0313%/8h= −34.3% APRnext payment −$3.13 per $10,000 · paid last 24h −0.070%
Price spread now: Binance against Bybit−0.045%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 2 days (all we have)+0.025%+$2 · spread now −0.045%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.032% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.194% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CRWVUSDT | 85.790 | 0.0428 | pay 0.0428% / 8h | 6h 36m | $2.2M | $1.2M | 25x |
| Short | Binance CRWVUSDT | 85.752 | 0.0115 | get 0.0115% / 8h | 6h 36m | $9.6M | $17.5M | 25x |
Bybit CRWVUSDT
Binance CRWVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$65.8
- Price spread: −0.045% → −0.013%
- −$3.16
- Slippage, 4 orders
- −$29.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$119.84
- Costs to cover
- 0.509%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; Binance: live order book, 4 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 Bybit live order book, just now | 2.91 bp | 15.2 bp −$15 | 70.4 bp −$704 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.58 bp | 11.3 bp −$11 | 20.9 bp −$209 | 67.2 bp −$6,720 | doesn't fit |
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 | −0.0027% | 8h | 86.180 | +0.455% | $171K | $68K | 20x | as long as short |
| Aster CRWVUSDT | 0.0000% | 8h | 85.925 | +0.157% | $37K | $35K | 20x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 85.830 | +0.047% | $2.6M | $4.6M | 25x | as long as short |
| Gate CRWV_USDT | 0.0000% | 8h | 85.770 | −0.023% | $5.5M | $3.9M | 50x | as long as short |
| Bitget CRWVUSDT | 0.0000% | 8h | 85.770 | −0.023% | $2.2M | $1.9M | 20x | as long as short |
| GRVT CRWV_USDT_Perp | 0.0000% | 8h | 85.787 | −0.004% | $3K | $192K | 10x | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 85.700 | −0.105% | $2K | $4.9M | 10x | as long as short |
| HTX CRWV-USDT | 0.0000% | 8h | 85.830 | +0.047% | $140K | $2K | 20x | as long as short |
| QFEX CRWV-USD | +0.0018% | 1h | 85.720 | −0.082% | $1.3M | $2.9M | 10x | as long as short |
| Lighter RH CRWV | +0.0032% | 1h | 85.740 | −0.058% | $417K | $357K | 10x | as long as short |
BloFin CRWV-USDT
Aster CRWVUSDT
OKX CRWV-USDT-SWAP
Gate CRWV_USDT
Bitget CRWVUSDT
GRVT CRWV_USDT_Perp
SunX CRWV-USDT
HTX CRWV-USDT
QFEX CRWV-USD
Lighter RH CRWVShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus CRWV-USD | +0.0040% | 1h | 85.730 | −0.070% | $64K | $78K | 10x | as long as short |
| Variational Omni CRWV | +0.0041% | 8h | 85.842 | +0.060% | $313K | $391K | — | as long as short |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 85.760 | −0.035% | — | $156K | 10x | as long as short |
| Ondo Perps CRWV-USD.P | +0.0050% | 1h | 85.740 | −0.058% | $331K | $218K | 10x | as long as short |
| Lighter CRWV | +0.0056% | 1h | 85.830 | +0.047% | $104K | $30K | 10x | as long as short |
| KuCoin CRWVUSDTM | +0.0100% | 8h | 85.740 | −0.058% | $363K | $518K | 20x | as long as short |
| Extended CRWV-USD | +0.0112% | 1h | 85.730 | −0.069% | $19K | $309K | 10x | as long as short |
| Binance CRWVUSDTshort | +0.0115% | 8h | 85.752 | −0.045% | $9.6M | $17.5M | 25x | |
| edgeX CRWVUSDC | +0.0142% | 4h | 85.783 | −0.008% | $88K | $201K | 10x | as long as short |
| Phoenix CRWV | +0.0278% | 1h | 85.890 | +0.117% | $1K | $46K | 10x | as long as short |
| tradeXYZ xyz:CRWV | +0.0317% | 1h | 85.720 | −0.082% | $9.9M | $8.0M | 10x | as long as short |
| Bybit CRWVUSDTlong | +0.0428% | 8h | 85.790 | long leg | $2.2M | $1.2M | 25x | |
| Polymarket Perps CRWV-USD | +0.0692% | 1h | 85.844 | +0.063% | $70K | $268K | 10x | as long as short |
Arcus CRWV-USD
Variational Omni CRWV
Vest CRWV-USD-PERP
Ondo Perps CRWV-USD.P
Lighter CRWV
KuCoin CRWVUSDTM
Extended CRWV-USD
edgeX CRWVUSDC
Phoenix CRWV
tradeXYZ xyz:CRWV
Polymarket Perps CRWV-USD