Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.011%

Price spread now: Variational Omni against Ondo Perps+0.112%7-day average +0.111% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.277%+$28 · spread now +0.112%, 7d avg +0.111%

Together, before fees+0.208%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.111%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRWV-USD.P	84.290	0.0050	pay 0.0006% / 1h	6m 43s	$309K	$165K	10x
Short	Variational Omni CRWV	84.384	0	get 0.0000% / 8h	6m 43s	$295K	$285K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.112%Rate

Funding earned: −$10.58
Price spread: +0.112% → +0.111%: $0.12
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.47
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 32 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 32 min ago	2.75 bp	doesn't fit	30.5 bp −$305	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate CRWV_USDT	−0.0430%	8h	84.280	−0.012%	$5.2M	$4.3M	50x	as long as short
Bitget CRWVUSDT	−0.0394%	8h	84.320	+0.036%	$1.8M	$2.0M	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	84.252	−0.045%	$37K	$34K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	84.254	−0.042%	$15K	$259K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	84.255	−0.042%	$9.3M	$18.4M	25x	as long as short
Bybit CRWVUSDT	0.0000%	8h	84.270	−0.024%	$1.9M	$1.3M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	84.290	0.000%	$2.3M	$5.2M	25x	as long as short
Variational Omni CRWVshort	0.0000%	8h	84.384	+0.112%	$295K	$285K	—
GRVT CRWV_USDT_Perp	0.0000%	8h	84.406	+0.137%	$2K	$189K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	84.190	−0.119%	$2K	$4.2M	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWV-USDT	0.0000%	8h	84.300	+0.012%	$132K	$14K	20x	as long as short
BloFin CRWV-USDT	0.0000%	8h	84.370	+0.095%	$153K	$65K	20x	as long as short
QFEX CRWV-USD	+0.0012%	1h	84.270	−0.024%	$1.3M	$2.4M	10x	as long as short
Lighter CRWV	+0.0032%	1h	84.230	−0.071%	$102K	$48K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	84.280	−0.012%	$397K	$410K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	84.320	+0.036%	$63K	$78K	10x	as long as short
edgeX CRWVUSDC	+0.0045%	4h	84.387	+0.115%	$87K	$203K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	84.260	−0.036%	—	$184K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0050%	1h	84.216	−0.088%	$73K	$307K	10x	as long as short
Ondo Perps CRWV-USD.Plong	+0.0050%	1h	84.290	long leg	$309K	$165K	10x
Phoenix CRWV	+0.0095%	1h	84.380	+0.107%	$2K	$41K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	84.280	−0.012%	$354K	$572K	20x	as long as short
tradeXYZ xyz:CRWV	+0.0238%	1h	84.262	−0.033%	$9.2M	$8.3M	10x	as long as short