Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: HTX against Lighter+0.035%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.035%, 7d avg +0.121%

Together, before fees−0.283%+ Points / potential airdropLighter: Season 3 · farm board−$28 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 HTX is 0.086% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.121%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRWV	85.920	0.0032	pay 0.0004% / 1h	23m 06s	$103K	$30K	10x
Short	HTX CRWV-USDT	85.950	0	get 0.0000% / 8h	5h 23m	$140K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$6.72
Price spread: +0.035% → +0.121%: −$8.6
Slippage, 4 orders: −$38.57
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$65.89
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Lighter: live order book, 21 min ago; HTX: live order book, 38 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, 21 min ago	11.05 bp	11.1 bp −$11	13.2 bp −$132	doesn't fit	doesn't fit
Sell HTX live order book, 38 min ago	3.50 bp	11.7 bp −$12	23.7 bp −$237	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	−0.0026%	8h	85.880	−0.047%	$166K	$67K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.023	+0.120%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.920	0.000%	$2.5M	$4.8M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.960	+0.047%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.900	−0.023%	$2.0M	$2.0M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.892	−0.032%	$313K	$300K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.920	0.000%	$2K	$190K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.810	−0.128%	$2K	$4.6M	10x	as long as short
HTX CRWV-USDTshort	0.0000%	8h	85.950	+0.035%	$140K	$2K	20x
Lighter CRWVlong	+0.0032%	1h	85.920	long leg	$103K	$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	85.880	−0.047%	$418K	$352K	10x	as long as short
QFEX CRWV-USD	+0.0032%	1h	85.900	−0.023%	$1.3M	$2.7M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.880	−0.047%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.950	+0.035%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.790	−0.151%	$329K	$136K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0051%	1h	85.849	−0.083%	$9.7M	$8.1M	10x	as long as short
Binance CRWVUSDT	+0.0069%	8h	85.900	−0.023%	$9.6M	$17.1M	25x	as long as short
Extended CRWV-USD	+0.0072%	1h	85.877	−0.050%	$14K	$304K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.870	−0.058%	$363K	$527K	20x	as long as short
edgeX CRWVUSDC	+0.0143%	4h	85.889	−0.036%	$88K	$202K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0168%	1h	85.924	+0.005%	$85K	$289K	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.860	−0.070%	$1K	$46K	10x	as long as short
Bybit CRWVUSDT	+0.0218%	8h	85.930	+0.012%	$2.2M	$1.1M	25x	as long as short