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 +0.074%

Price spread now: Gate against Lighter RH+0.023%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.313%+$31 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now +0.023%, 7d avg +0.086%

Together, before fees+0.441%+ Points / potential airdropLighter RH: Points live · farm board+$44 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 Gate is 0.062% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.086%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.313%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRWV	85.960	0.0032	pay 0.0004% / 1h	51m 05s	$418K	$352K	10x
Short	Gate CRWV_USDT	85.980	0	get 0.0000% / 8h	5h 51m	$5.5M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.023%Rate

Funding earned: −$6.72
Price spread: +0.023% → +0.086%: −$6.24
Slippage, 4 orders: −$25.68
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$53.64
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 11 min ago; Gate: live order book, 2 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, 11 min ago	4.08 bp	5.1 bp −$5	11.9 bp −$119	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.07 bp	16.5 bp −$17	42.7 bp −$427	80.9 bp −$8,086	doesn't fit

CRWV on 22 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	86.115	+0.180%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.940	−0.023%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDTshort	0.0000%	8h	85.980	+0.023%	$5.5M	$3.9M	50x
Bitget CRWVUSDT	0.0000%	8h	85.950	−0.012%	$2.1M	$2.0M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.912	−0.056%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.850	−0.128%	$2K	$4.7M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.960	0.000%	$140K	$2K	20x	as long as short
Variational Omni CRWV	+0.0024%	8h	85.918	−0.049%	$314K	$309K	—	as long as short
Lighter CRWV	+0.0032%	1h	86.020	+0.070%	$104K	$29K	10x	as long as short
Lighter RH CRWVlong	+0.0032%	1h	85.960	long leg	$418K	$352K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWV-USD	+0.0032%	1h	85.940	−0.023%	$1.3M	$2.8M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.860	−0.116%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.010	+0.058%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.760	−0.233%	$331K	$132K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.920	−0.047%	$364K	$530K	20x	as long as short
Binance CRWVUSDT	+0.0101%	8h	85.940	−0.023%	$9.6M	$17.1M	25x	as long as short
Extended CRWV-USD	+0.0104%	1h	85.917	−0.050%	$16K	$307K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0120%	1h	85.934	−0.030%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.920	−0.047%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0252%	1h	85.958	−0.002%	$85K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0294%	8h	85.980	+0.023%	$2.2M	$1.1M	25x	as long as short
edgeX CRWVUSDC	+0.0702%	4h	85.912	−0.055%	$88K	$202K	10x	as long as short