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 0.000%

Price spread now: Bitget against Lighter RH0.000%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.561%+$56 · spread now 0.000%, 7d avg +0.145%

Together, before fees+0.575%+ Points / potential airdropLighter RH: Points live · farm board+$58 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 0.145% cheaper against Lighter RH than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.145%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRWV	85.860	0.0032	pay 0.0004% / 1h	46m 36s	$418K	$352K	10x
Short	Bitget CRWVUSDT	85.860	0	get 0.0000% / 8h	5h 46m	$2.1M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$6.72
Price spread: 0.000% → +0.145%: −$14.54
Slippage, 4 orders: −$27.26
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.52
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 16 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 RH live order book, 16 min ago	4.08 bp	5.1 bp −$5	11.9 bp −$119	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.07 bp	11.0 bp −$11	197.1 bp −$1,971	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	−0.0029%	8h	85.870	+0.012%	—	$67K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	85.948	+0.102%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.900	+0.047%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.870	+0.012%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDTshort	0.0000%	8h	85.860	0.000%	$2.1M	$2.0M	20x
GRVT CRWV_USDT_Perp	0.0000%	8h	85.935	+0.087%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.760	−0.116%	$1K	$4.7M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.930	+0.082%	$140K	$2K	20x	as long as short
Variational Omni CRWV	+0.0024%	8h	85.918	+0.068%	$314K	$309K	—	as long as short
Lighter CRWV	+0.0032%	1h	85.920	+0.070%	$104K	$29K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWVlong	+0.0032%	1h	85.860	long leg	$418K	$352K	10x
QFEX CRWV-USD	+0.0032%	1h	85.860	0.000%	$1.4M	$2.8M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.830	−0.035%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.870	+0.012%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.700	−0.186%	$331K	$132K	10x	as long as short
Binance CRWVUSDT	+0.0095%	8h	85.866	+0.007%	$9.6M	$17.1M	25x	as long as short
Extended CRWV-USD	+0.0096%	1h	85.845	−0.018%	$14K	$309K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.820	−0.047%	$363K	$530K	20x	as long as short
tradeXYZ xyz:CRWV	+0.0121%	1h	85.834	−0.030%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.870	+0.012%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0215%	1h	85.865	+0.006%	$84K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0286%	8h	85.900	+0.047%	$2.2M	$1.1M	25x	as long as short
edgeX CRWVUSDC	+0.0801%	4h	85.876	+0.019%	$88K	$202K	10x	as long as short