Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h 0.000%

Price spread now: Bitget against Lighter−0.092%7-day average +0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.092%, 7d avg +0.134%

Together, before fees+0.237%+ Points / potential airdropLighter: Season 3 · farm board+$24 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 Bitget is 0.226% cheaper against Lighter than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.134%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRWV	86.660	0.0032	pay 0.0004% / 1h	47m 34s	$105K	$32K	10x
Short	Bitget CRWVUSDT	86.580	0	get 0.0000% / 8h	7h 47m	$2.3M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$6.72
Price spread: −0.092% → +0.134%: −$22.63
Slippage, 4 orders: −$53.59
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.95
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Bitget: 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 Lighter live order book, 7 min ago	10.39 bp	10.4 bp −$10	12.9 bp −$129	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.20 bp	14.2 bp −$14	267.1 bp −$2,671	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	−0.0019%	8h	86.650	−0.012%	$171K	$69K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.704	+0.051%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.650	−0.012%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.590	−0.081%	$5.6M	$3.9M	50x	as long as short
Bitget CRWVUSDTshort	0.0000%	8h	86.580	−0.092%	$2.3M	$1.9M	20x
SunX CRWV-USDT	0.0000%	8h	86.430	−0.265%	$2K	$5.2M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.650	−0.012%	$142K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0029%	1h	86.570	−0.104%	$1.4M	$3.2M	10x	as long as short
Lighter CRWVlong	+0.0032%	1h	86.660	long leg	$105K	$32K	10x
Lighter RH CRWV	+0.0032%	1h	86.570	−0.104%	$422K	$354K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRWV-USD-PERP	+0.0046%	1h	86.690	+0.035%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.520	−0.162%	$334K	$219K	10x	as long as short
Variational Omni CRWV	+0.0060%	8h	86.472	−0.217%	$316K	$391K	—	as long as short
GRVT CRWV_USDT_Perp	+0.0076%	8h	86.505	−0.179%	$3K	$201K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.530	−0.150%	$366K	$514K	20x	as long as short
Binance CRWVUSDT	+0.0142%	8h	86.573	−0.100%	$9.7M	$18.0M	25x	as long as short
Extended CRWV-USD	+0.0144%	1h	86.556	−0.120%	$14K	$243K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0154%	1h	86.571	−0.103%	$9.7M	$7.6M	10x	as long as short
Bybit CRWVUSDT	+0.0237%	8h	86.640	−0.023%	$2.2M	$1.2M	25x	as long as short
Phoenix CRWV	+0.0278%	1h	86.490	−0.196%	$1K	$44K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0334%	1h	86.618	−0.048%	$71K	$254K	10x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.510	−0.173%	$64K	$79K	10x	as long as short
edgeX CRWVUSDC	+0.0744%	4h	86.597	−0.073%	$89K	$201K	10x	as long as short