Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.017%

Price spread now: QFEX against KuCoin−0.012%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$297as in the Price arb table

costs, in and out, $10k−$2942.943% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.012%, 7d avg +0.015%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.026% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.015%). 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	6h 13m	$363K	$529K	20x
Short	QFEX CRWV-USD	85.860	0.0018	get 0.0002% / 1h	13m 09s	$1.3M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$17.32
Price spread: −0.012% → +0.015%: −$2.63
Slippage, 4 orders: −$272.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$314.21
Costs to cover: 2.943%
Break-even: never at this rate

Slippage from KuCoin: live order book, 25 min ago; QFEX: live order book, 5 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 KuCoin live order book, 25 min ago	9.91 bp	120.2 bp −$120	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.33 bp	7.3 bp −$7	9.6 bp −$96	doesn't fit	doesn't fit

CRWV on 22 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	86.000	+0.151%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.900	+0.035%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.880	+0.012%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.890	+0.023%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.898	+0.032%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.800	−0.082%	$1K	$4.8M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.900	+0.035%	$140K	$2K	20x	as long as short
QFEX CRWV-USDshort	+0.0018%	1h	85.860	−0.012%	$1.3M	$2.8M	10x
edgeX CRWVUSDC	+0.0027%	4h	85.854	−0.019%	$88K	$203K	10x	as long as short
Lighter CRWV	+0.0032%	1h	85.910	+0.047%	$104K	$30K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	85.840	−0.035%	$418K	$357K	10x	as long as short
Variational Omni CRWV	+0.0036%	8h	85.854	−0.018%	$313K	$309K	—	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.820	−0.058%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.910	+0.047%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.840	−0.035%	$332K	$133K	10x	as long as short
KuCoin CRWVUSDTMlong	+0.0100%	8h	85.870	long leg	$363K	$529K	20x
Extended CRWV-USD	+0.0104%	1h	85.819	−0.060%	$16K	$312K	10x	as long as short
Binance CRWVUSDT	+0.0105%	8h	85.850	−0.023%	$9.6M	$17.3M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0170%	1h	85.801	−0.080%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0278%	1h	85.800	−0.082%	$1K	$46K	10x	as long as short
Bybit CRWVUSDT	+0.0313%	8h	85.890	+0.023%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0589%	1h	85.904	+0.040%	$84K	$288K	10x	as long as short