Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against KuCoin−0.093%7-day average −0.065% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.093%, 7d avg −0.065%

Together, before fees−0.019%+ Points / potential airdropOndo Perps: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.028% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.065%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRWVUSDTM	85.870	0.0100	pay 0.0100% / 8h	5h 23m	$363K	$527K	20x
Short	Ondo Perps CRWV-USD.P	85.790	0.0050	get 0.0006% / 1h	23m 16s	$329K	$136K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$10.42
Price spread: −0.093% → −0.065%: −$2.84
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$30.25
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 75 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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 KuCoin live order book, 75 min ago	9.91 bp	120.2 bp −$120	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0022%	8h	85.940	+0.082%	$166K	$67K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.024	+0.179%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.920	+0.058%	$2.5M	$4.8M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.960	+0.105%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.910	+0.047%	$2.0M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.892	+0.026%	$313K	$300K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.920	+0.058%	$2K	$190K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.810	−0.070%	$2K	$4.6M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.950	+0.093%	$140K	$2K	20x	as long as short
Lighter CRWV	+0.0032%	1h	85.950	+0.093%	$103K	$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	85.910	+0.047%	$418K	$352K	10x	as long as short
QFEX CRWV-USD	+0.0032%	1h	85.900	+0.035%	$1.3M	$2.7M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.880	+0.012%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.950	+0.093%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.Pshort	+0.0050%	1h	85.790	−0.093%	$329K	$136K	10x
tradeXYZ xyz:CRWV	+0.0051%	1h	85.875	+0.006%	$9.7M	$8.1M	10x	as long as short
Binance CRWVUSDT	+0.0069%	8h	85.900	+0.035%	$9.6M	$17.0M	25x	as long as short
Extended CRWV-USD	+0.0072%	1h	85.877	+0.008%	$14K	$304K	10x	as long as short
KuCoin CRWVUSDTMlong	+0.0100%	8h	85.870	long leg	$363K	$527K	20x
edgeX CRWVUSDC	+0.0143%	4h	85.889	+0.023%	$88K	$202K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0168%	1h	85.924	+0.063%	$85K	$289K	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.860	−0.012%	$1K	$46K	10x	as long as short
Bybit CRWVUSDT	+0.0218%	8h	85.940	+0.082%	$2.2M	$1.1M	25x	as long as short