Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0178%/8h= +19.4% APRpaid last 24h +0.018%

Price spread now: Phoenix against KuCoin−0.058%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.058% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 26 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRWVUSDTM	86.400	0.0100	pay 0.0100% / 8h	6h 59m	$365K	$513K	20x
Short	Phoenix CRWV	86.350	0.0278	get 0.0035% / 1h	59m 31s	$1K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now −0.058%Rate

Funding earned: $37.28
Price spread: −0.058% → 0.000%: −$5.79
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $12.49
Costs to cover: 0.190%
Break-even: 4.7 days

Slippage unknown: KuCoin: live order book, 53 min ago; Phoenix: 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, 53 min ago	13.88 bp	140.7 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Aster CRWVUSDT	0.0000%	8h	86.565	+0.191%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.410	+0.012%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.400	0.000%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.420	+0.023%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.444	+0.051%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.360	−0.046%	$1K	$4.9M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.460	+0.069%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0028%	8h	86.430	+0.035%	$170K	$68K	20x	as long as short
QFEX CRWV-USD	+0.0029%	1h	86.380	−0.023%	$1.4M	$3.1M	10x	as long as short
Lighter CRWV	+0.0032%	1h	86.490	+0.104%	$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	86.420	+0.023%	$420K	$354K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.500	+0.116%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.310	−0.104%	$333K	$219K	10x	as long as short
Variational Omni CRWV	+0.0060%	8h	86.430	+0.035%	$315K	$391K	—	as long as short
KuCoin CRWVUSDTMlong	+0.0100%	8h	86.400	long leg	$365K	$513K	20x
Binance CRWVUSDT	+0.0125%	8h	86.410	+0.012%	$9.7M	$17.5M	25x	as long as short
Extended CRWV-USD	+0.0128%	1h	86.389	−0.013%	$14K	$306K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0141%	1h	86.402	+0.002%	$9.7M	$7.6M	10x	as long as short
Phoenix CRWVshort	+0.0278%	1h	86.350	−0.058%	$1K	$43K	10x
Bybit CRWVUSDT	+0.0304%	8h	86.470	+0.081%	$2.2M	$1.1M	25x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.380	−0.023%	$64K	$78K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0439%	1h	86.520	+0.139%	$71K	$263K	10x	as long as short
edgeX CRWVUSDC	+0.0971%	4h	86.392	−0.010%	$89K	$202K	10x	as long as short