Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against HTX+0.046%7-day average −0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.046%, 7d avg −0.123%

Together, before fees+0.042%+ Points / potential airdropLighter: Season 3 · farm board+$4 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 0.170% dearer against HTX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CRWV-USDT	86.360	0	get 0.0000% / 8h	6h 57m	$141K	$2K	20x
Short	Lighter CRWV	86.400	0.0032	get 0.0004% / 1h	57m 18s	$105K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.046%Rate

Funding earned: $6.72
Price spread: +0.046% → −0.123%: $16.98
Slippage, 4 orders: −$45.14
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$33.45
Costs to cover: 0.571%
Break-even: 41.8 days

Slippage from HTX: live order book, 9 min ago; Lighter: live order book, 57 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 HTX live order book, 9 min ago	4.63 bp	12.0 bp −$12	27.7 bp −$277	doesn't fit	doesn't fit
Sell Lighter live order book, 57 min ago	10.39 bp	22.9 bp −$23	32.4 bp −$324	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	86.457	+0.112%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.300	−0.069%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.320	−0.046%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.290	−0.081%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.433	+0.084%	$2K	$193K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.240	−0.139%	$1K	$4.9M	10x	as long as short
HTX CRWV-USDTlong	0.0000%	8h	86.360	long leg	$141K	$2K	20x
BloFin CRWV-USDT	+0.0009%	8h	86.430	+0.081%	$170K	$68K	20x	as long as short
QFEX CRWV-USD	+0.0018%	1h	86.300	−0.069%	$1.4M	$3.1M	10x	as long as short
Lighter CRWVshort	+0.0032%	1h	86.400	+0.046%	$105K	$30K	10x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	86.310	−0.058%	$419K	$354K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	86.330	−0.035%	$64K	$78K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.410	+0.058%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.310	−0.058%	$333K	$219K	10x	as long as short
Variational Omni CRWV	+0.0060%	8h	86.430	+0.081%	$315K	$391K	—	as long as short
tradeXYZ xyz:CRWV	+0.0098%	1h	86.290	−0.081%	$9.7M	$7.6M	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.300	−0.069%	$365K	$513K	20x	as long as short
Extended CRWV-USD	+0.0120%	1h	86.250	−0.127%	$14K	$306K	10x	as long as short
Binance CRWVUSDT	+0.0122%	8h	86.287	−0.085%	$9.6M	$17.5M	25x	as long as short
Bybit CRWVUSDT	+0.0269%	8h	86.310	−0.058%	$2.2M	$1.1M	25x	as long as short
Phoenix CRWV	+0.0278%	1h	86.360	0.000%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0392%	1h	86.387	+0.031%	$71K	$263K	10x	as long as short
edgeX CRWVUSDC	+0.0496%	4h	86.415	+0.064%	$89K	$202K	10x	as long as short