Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h +0.002%
Price spread now: QFEX against Lighter−0.058%7-day average +0.053% · 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−$51as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 4 days (all we have)−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.320%+$32 · spread now −0.058%, 7d avg +0.053%
=Together, before fees+0.309%+ Points / potential airdropLighter: Season 3 · farm board+$31 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 QFEX is 0.112% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CRWV | 85.780 | 0.0032 | pay 0.0004% / 1h | 7m 26s | $103K | $32K | 10x |
| Short | QFEX CRWV-USD | 85.730 | 0.0010 | get 0.0001% / 1h | 7m 26s | $1.3M | $2.6M | 10x |
Lighter CRWV
QFEX CRWV-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.69
- Price spread: −0.058% → +0.053%
- −$11.18
- Slippage, 4 orders
- −$30.23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$56.09
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 32 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 Lighter live order book, 32 min ago | 11.63 bp | 11.6 bp −$12 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.17 bp | 7.3 bp −$7 | 11.0 bp −$110 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CRWVUSDT | 0.0000% | 8h | 85.865 | +0.099% | $37K | $33K | 20x | as long as short |
| Extended CRWV-USD | 0.0000% | 1h | 85.708 | −0.084% | $19K | $307K | 10x | as long as short |
| Binance CRWVUSDT | 0.0000% | 8h | 85.733 | −0.055% | $9.5M | $17.0M | 25x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 85.740 | −0.047% | $2.5M | $4.8M | 25x | as long as short |
| Gate CRWV_USDT | 0.0000% | 8h | 85.760 | −0.023% | $5.5M | $3.8M | 50x | as long as short |
| Bitget CRWVUSDT | 0.0000% | 8h | 85.750 | −0.035% | $1.9M | $2.1M | 20x | as long as short |
| Variational Omni CRWV | 0.0000% | 8h | 85.764 | −0.018% | $313K | $299K | — | as long as short |
| GRVT CRWV_USDT_Perp | 0.0000% | 8h | 85.781 | +0.001% | $2K | $193K | 10x | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 85.700 | −0.093% | $2K | $4.5M | 10x | as long as short |
| HTX CRWV-USDT | 0.0000% | 8h | 85.820 | +0.047% | $140K | $2K | 20x | as long as short |
Aster CRWVUSDT
Extended CRWV-USD
Binance CRWVUSDT
OKX CRWV-USDT-SWAP
Gate CRWV_USDT
Bitget CRWVUSDT
Variational Omni CRWV
GRVT CRWV_USDT_Perp
SunX CRWV-USDT
HTX CRWV-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWV-USDT | +0.0007% | 8h | 85.810 | +0.035% | $164K | $67K | 20x | as long as short |
| QFEX CRWV-USDshort | +0.0010% | 1h | 85.730 | −0.058% | $1.3M | $2.6M | 10x | |
| Lighter CRWVlong | +0.0032% | 1h | 85.780 | long leg | $103K | $32K | 10x | |
| Lighter RH CRWV | +0.0032% | 1h | 85.720 | −0.070% | $419K | $351K | 10x | as long as short |
| Arcus CRWV-USD | +0.0040% | 1h | 85.730 | −0.058% | $64K | $79K | 10x | as long as short |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 85.790 | +0.012% | — | $156K | 10x | as long as short |
| tradeXYZ xyz:CRWV | +0.0050% | 1h | 85.689 | −0.106% | $9.5M | $8.0M | 10x | as long as short |
| Polymarket Perps CRWV-USD | +0.0050% | 1h | 85.702 | −0.091% | $84K | $291K | 10x | as long as short |
| Ondo Perps CRWV-USD.P | +0.0050% | 1h | 85.700 | −0.093% | $322K | $146K | 10x | as long as short |
| KuCoin CRWVUSDTM | +0.0100% | 8h | 85.700 | −0.093% | $362K | $520K | 20x | as long as short |
| Bybit CRWVUSDT | +0.0132% | 8h | 85.780 | 0.000% | $2.2M | $1.1M | 25x | as long as short |
| Phoenix CRWV | +0.0186% | 1h | 85.760 | −0.023% | $1K | $46K | 10x | as long as short |
| edgeX CRWVUSDC | +0.0392% | 4h | 85.754 | −0.030% | $88K | $202K | 10x | as long as short |
BloFin CRWV-USDT
Lighter RH CRWV
Arcus CRWV-USD
Vest CRWV-USD-PERP
tradeXYZ xyz:CRWV
Polymarket Perps CRWV-USD
Ondo Perps CRWV-USD.P
KuCoin CRWVUSDTM
Bybit CRWVUSDT
Phoenix CRWV
edgeX CRWVUSDC