Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0971%/8h= −106.3% APRpaid last 24h −0.133%

Price spread now: HTX against edgeX+0.079%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.513%+$51 on $10k

Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.079%, 7d avg +0.033%

Together, before fees+0.436%+ Points / potential airdropedgeX: Active · farm board+$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.046% dearer against edgeX than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.033%): +$5 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.513%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.513% in total (about 26.7% a year). A funding rate is set anew for every payment. 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	edgeX CRWVUSDC	86.392	0.0971	pay 0.0485% / 4h	2h 59m	$89K	$202K	10x
Short	HTX CRWV-USDT	86.460	0	get 0.0000% / 8h	6h 59m	$141K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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 edgeXbpFee HTXbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$203.8
Price spread: +0.079% → +0.033%: $4.64
Slippage, 4 orders: −$29.11
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$249.27
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from edgeX: live order book, 7 min ago; HTX: live order book, 7 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 edgeX live order book, 7 min ago	6.36 bp	13.6 bp −$14	39.5 bp −$395	doesn't fit	doesn't fit
Sell HTX live order book, 7 min ago	4.63 bp	11.8 bp −$12	31.2 bp −$312	doesn't fit	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
Aster CRWVUSDT	0.0000%	8h	86.560	+0.195%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.410	+0.021%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.380	−0.013%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.410	+0.021%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.444	+0.060%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.340	−0.060%	$1K	$4.9M	10x	as long as short
HTX CRWV-USDTshort	0.0000%	8h	86.460	+0.079%	$141K	$2K	20x
BloFin CRWV-USDT	+0.0009%	8h	86.430	+0.044%	$170K	$68K	20x	as long as short
QFEX CRWV-USD	+0.0029%	1h	86.380	−0.013%	$1.4M	$3.1M	10x	as long as short
Lighter CRWV	+0.0032%	1h	86.460	+0.079%	$105K	$30K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	86.390	−0.002%	$420K	$354K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.500	+0.125%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.310	−0.094%	$333K	$219K	10x	as long as short
Variational Omni CRWV	+0.0060%	8h	86.430	+0.044%	$315K	$391K	—	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.360	−0.037%	$365K	$513K	20x	as long as short
tradeXYZ xyz:CRWV	+0.0120%	1h	86.367	−0.028%	$9.7M	$7.6M	10x	as long as short
Binance CRWVUSDT	+0.0125%	8h	86.390	−0.002%	$9.6M	$17.5M	25x	as long as short
Extended CRWV-USD	+0.0128%	1h	86.369	−0.027%	$14K	$306K	10x	as long as short
Phoenix CRWV	+0.0278%	1h	86.350	−0.048%	$1K	$43K	10x	as long as short
Bybit CRWVUSDT	+0.0304%	8h	86.440	+0.056%	$2.2M	$1.1M	25x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.380	−0.013%	$64K	$78K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0439%	1h	86.520	+0.149%	$71K	$263K	10x	as long as short
edgeX CRWVUSDClong	+0.0971%	4h	86.392	long leg	$89K	$202K	10x