Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0088%/8h= +9.7% APRpaid last 24h +0.012%

Price spread now: Binance against Lighter−0.008%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 2 days (all we have)+0.158%+$16 · spread now −0.008%, 7d avg +0.042%

Together, before fees+0.198%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.050% cheaper against Lighter than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.042%). If the spread goes back, that is −$5 on $10k: about 45 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.040% in total) that is about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRWV	86.210	0.0032	pay 0.0004% / 1h	56m 09s	$105K	$30K	10x
Short	Binance CRWVUSDT	86.203	0.0120	get 0.0120% / 8h	6h 56m	$9.6M	$17.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.008%Rate

Funding earned: $18.53
Price spread: −0.008% → +0.042%: −$4.98
Slippage, 4 orders: −$41.12
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.57
Costs to cover: 0.511%
Break-even: 21.2 days

Slippage from Lighter: live order book, 58 min ago; Binance: live order book, 15 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 Lighter live order book, 58 min ago	10.39 bp	10.4 bp −$10	12.9 bp −$129	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.58 bp	9.0 bp −$9	21.8 bp −$218	85.6 bp −$8,560	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	86.332	+0.141%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.210	0.000%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.200	−0.012%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.230	+0.023%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.433	+0.258%	$2K	$193K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.130	−0.093%	$2K	$4.9M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.360	+0.174%	$141K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0018%	1h	86.200	−0.012%	$1.3M	$3.1M	10x	as long as short
BloFin CRWV-USDT	+0.0018%	8h	86.410	+0.232%	$169K	$68K	20x	as long as short
Lighter CRWVlong	+0.0032%	1h	86.210	long leg	$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	86.130	−0.093%	$418K	$354K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	86.290	+0.093%	$64K	$78K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.270	+0.070%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.170	−0.046%	$332K	$219K	10x	as long as short
Variational Omni CRWV	+0.0052%	8h	86.176	−0.040%	$315K	$391K	—	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.170	−0.046%	$365K	$514K	20x	as long as short
Extended CRWV-USD	+0.0120%	1h	86.171	−0.045%	$14K	$306K	10x	as long as short
Binance CRWVUSDTshort	+0.0120%	8h	86.203	−0.008%	$9.6M	$17.5M	25x
tradeXYZ xyz:CRWV	+0.0190%	1h	86.182	−0.032%	$9.7M	$7.7M	10x	as long as short
Bybit CRWVUSDT	+0.0267%	8h	86.230	+0.023%	$2.2M	$1.1M	25x	as long as short
Phoenix CRWV	+0.0278%	1h	86.360	+0.174%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0446%	1h	86.255	+0.052%	$71K	$263K	10x	as long as short
edgeX CRWVUSDC	+0.0496%	4h	86.415	+0.238%	$89K	$202K	10x	as long as short