Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: HTX against Lighter RH+0.070%7-day average +0.135% · 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−$37as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.070%, 7d avg +0.135%

Together, before fees−0.087%+ Points / potential airdropLighter RH: Points live · farm board−$9 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 0.065% 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 +0.135%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRWV	85.840	0.0032	pay 0.0004% / 1h	13m 11s	$418K	$357K	10x
Short	HTX CRWV-USDT	85.900	0	get 0.0000% / 8h	6h 13m	$140K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$6.72
Price spread: +0.070% → +0.135%: −$6.49
Slippage, 4 orders: −$19.01
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$44.22
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 54 min ago; HTX: live order book, 53 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, 54 min ago	2.89 bp	3.7 bp −$4	8.4 bp −$84	doesn't fit	doesn't fit
Sell HTX live order book, 53 min ago	4.63 bp	11.8 bp −$12	31.2 bp −$312	doesn't fit	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	86.000	+0.186%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.900	+0.070%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.880	+0.047%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.890	+0.058%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.898	+0.067%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.800	−0.047%	$1K	$4.8M	10x	as long as short
HTX CRWV-USDTshort	0.0000%	8h	85.900	+0.070%	$140K	$2K	20x
QFEX CRWV-USD	+0.0018%	1h	85.860	+0.023%	$1.3M	$2.8M	10x	as long as short
edgeX CRWVUSDC	+0.0027%	4h	85.854	+0.016%	$88K	$203K	10x	as long as short
Lighter CRWV	+0.0032%	1h	85.910	+0.082%	$104K	$30K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWVlong	+0.0032%	1h	85.840	long leg	$418K	$357K	10x
Variational Omni CRWV	+0.0036%	8h	85.854	+0.016%	$313K	$309K	—	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.820	−0.023%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.910	+0.082%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.840	0.000%	$332K	$133K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.870	+0.035%	$363K	$529K	20x	as long as short
Extended CRWV-USD	+0.0104%	1h	85.819	−0.025%	$16K	$312K	10x	as long as short
Binance CRWVUSDT	+0.0105%	8h	85.850	+0.012%	$9.6M	$17.3M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0170%	1h	85.801	−0.045%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0278%	1h	85.800	−0.047%	$1K	$46K	10x	as long as short
Bybit CRWVUSDT	+0.0313%	8h	85.890	+0.058%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0589%	1h	85.904	+0.075%	$84K	$288K	10x	as long as short