Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0302%/8h= +33.0% APRpaid last 24h +0.126%

Price spread now: edgeX against Lighter RH+0.014%50s7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.336% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.611%−$61 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.014%, 7d avg +0.104%

Together, before fees−0.488%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.090% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.104%). If the spread goes back, that is −$9 on $10k: about 24 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.611%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRWV	85.890	0.0032	pay 0.0004% / 1h	34m 33s	$418K	$348K	10x
Short	edgeX CRWVUSDC	85.902	0.0334	get 0.0167% / 4h	34m 33s	$88K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $63.37
Price spread: +0.014% → +0.104%: −$9.03
Slippage, 4 orders: −$24.64
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $20.7
Costs to cover: 0.336%
Break-even: 4.7 days

Slippage from Lighter RH: live order book, 23 min ago; edgeX: live order book, 22 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, 23 min ago	2.91 bp	3.6 bp −$4	9.8 bp −$98	doesn't fit	doesn't fit
Sell edgeX live order book, 22 min ago	6.98 bp	13.3 bp −$13	42.2 bp −$422	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	−0.0001%	8h	85.890	0.000%	$164K	$67K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.027	+0.159%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.900	+0.012%	$2.5M	$4.8M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.930	+0.047%	$5.5M	$3.8M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.930	+0.047%	$1.9M	$2.1M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.910	+0.023%	$313K	$299K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.907	+0.019%	$2K	$193K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.830	−0.070%	$1K	$4.6M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.950	+0.070%	$140K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0010%	1h	85.900	+0.012%	$1.3M	$2.7M	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRWVUSDT	+0.0012%	8h	85.896	+0.007%	$9.5M	$17.1M	25x	as long as short
Extended CRWV-USD	+0.0016%	1h	85.880	−0.012%	$14K	$306K	10x	as long as short
Lighter CRWV	+0.0032%	1h	85.950	+0.070%	$103K	$32K	10x	as long as short
Lighter RH CRWVlong	+0.0032%	1h	85.890	long leg	$418K	$348K	10x
Arcus CRWV-USD	+0.0040%	1h	85.860	−0.035%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.970	+0.093%	—	$156K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	85.850	−0.047%	$9.5M	$8.0M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0050%	1h	85.892	+0.002%	$85K	$289K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.880	−0.012%	$322K	$145K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.920	+0.035%	$363K	$521K	20x	as long as short
Bybit CRWVUSDT	+0.0143%	8h	85.940	+0.058%	$2.2M	$1.1M	25x	as long as short
Phoenix CRWV	+0.0186%	1h	85.880	−0.012%	$1K	$46K	10x	as long as short
edgeX CRWVUSDCshort	+0.0334%	4h	85.902	+0.014%	$88K	$203K	10x