Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0692%/8h= +75.8% APRpaid last 24h +0.042%

Price spread now: Polymarket Perps against HTX+0.016%7-day average −0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.319%+$32 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.016%, 7d avg −0.081%

Together, before fees+0.243%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Polymarket Perps is 0.098% dearer against HTX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.081%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.319% in total (about 16.6% 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	HTX CRWV-USDT	85.830	0	get 0.0000% / 8h	6h 36m	$140K	$2K	20x
Short	Polymarket Perps CRWV-USD	85.844	0.0692	get 0.0087% / 1h	36m 02s	$70K	$268K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.016%Rate

Funding earned: $145.34
Price spread: +0.016% → −0.081%: $9.75
Slippage, 4 orders: −$17.61
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $117.48
Costs to cover: 0.376%
Break-even: 1.3 days

Slippage from HTX: live order book, 30 min ago; Polymarket Perps: live order book, 31 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, 30 min ago	4.63 bp	12.0 bp −$12	27.7 bp −$277	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 31 min ago	2.71 bp	7.0 bp −$7	8.3 bp −$83	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
BloFin CRWV-USDT	−0.0027%	8h	86.180	+0.408%	$171K	$68K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	85.929	+0.115%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.790	−0.047%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.840	+0.012%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.770	−0.070%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.787	−0.050%	$3K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.700	−0.151%	$2K	$4.9M	10x	as long as short
HTX CRWV-USDTlong	0.0000%	8h	85.830	long leg	$140K	$2K	20x
QFEX CRWV-USD	+0.0018%	1h	85.720	−0.128%	$1.3M	$2.9M	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.740	−0.105%	$417K	$357K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRWV	+0.0040%	8h	85.757	−0.085%	$313K	$391K	—	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.730	−0.117%	$64K	$78K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.760	−0.082%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.740	−0.105%	$331K	$218K	10x	as long as short
Lighter CRWV	+0.0056%	1h	85.830	0.000%	$104K	$30K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.740	−0.105%	$363K	$518K	20x	as long as short
Extended CRWV-USD	+0.0112%	1h	85.739	−0.106%	$19K	$309K	10x	as long as short
Binance CRWVUSDT	+0.0115%	8h	85.761	−0.081%	$9.6M	$17.5M	25x	as long as short
edgeX CRWVUSDC	+0.0142%	4h	85.783	−0.055%	$88K	$201K	10x	as long as short
Phoenix CRWV	+0.0278%	1h	85.890	+0.070%	$1K	$46K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0316%	1h	85.716	−0.133%	$9.9M	$8.1M	10x	as long as short
Bybit CRWVUSDT	+0.0428%	8h	85.810	−0.023%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USDshort	+0.0692%	1h	85.844	+0.016%	$70K	$268K	10x