Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0659%/8h= +72.2% APRpaid last 24h +0.115%

Price spread now: edgeX against Phoenix−0.112%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.112% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 14 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRWV	84.610	0.0093	pay 0.0012% / 1h	3m 38s	$1K	$45K	10x
Short	edgeX CRWVUSDC	84.515	0.0753	get 0.0376% / 4h	3h 03m	$87K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phoenix. 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 PhoenixbpFee edgeXbpOrdersPrice spread, now −0.112%Rate

Funding earned: $138.47
Price spread: −0.112% → 0.000%: −$11.25
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $111.22
Costs to cover: 0.160%
Break-even: 1.4 days

Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 48 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 Phoenix no order-book sample	—	—	—	—	—
Sell edgeX live order book, 48 min ago	6.43 bp	12.5 bp −$13	40.6 bp −$406	doesn't fit	doesn't fit

Phoenix: 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
Bitget CRWVUSDT	−0.0309%	8h	84.720	+0.130%	$1.8M	$1.9M	20x	as long as short
Gate CRWV_USDT	−0.0091%	8h	84.690	+0.095%	$5.4M	$3.8M	50x	as long as short
Aster CRWVUSDT	0.0000%	8h	84.859	+0.294%	$37K	$33K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	84.669	+0.070%	$15K	$240K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	84.697	+0.103%	$9.3M	$17.6M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	84.700	+0.106%	$2.4M	$5.1M	25x	as long as short
Variational Omni CRWV	0.0000%	8h	84.745	+0.160%	$305K	$303K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	84.648	+0.045%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	84.640	+0.035%	$1K	$4.4M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	84.670	+0.071%	$138K	$2K	20x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CRWV-USDT	+0.0023%	8h	84.670	+0.071%	$158K	$67K	20x	as long as short
QFEX CRWV-USD	+0.0025%	1h	84.690	+0.095%	$1.3M	$2.5M	10x	as long as short
Lighter CRWV	+0.0032%	1h	84.650	+0.047%	$96K	$37K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	84.660	+0.059%	$407K	$373K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	84.630	+0.024%	$63K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	84.670	+0.071%	—	$176K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	84.653	+0.051%	$9.2M	$8.1M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0050%	1h	84.695	+0.100%	$80K	$306K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	84.530	−0.095%	$310K	$159K	10x	as long as short
Bybit CRWVUSDT	+0.0083%	8h	84.720	+0.130%	$2.1M	$1.1M	25x	as long as short
Phoenix CRWVlong	+0.0093%	1h	84.610	long leg	$1K	$45K	10x
KuCoin CRWVUSDTM	+0.0100%	8h	84.690	+0.095%	$357K	$528K	20x	as long as short
edgeX CRWVUSDCshort	+0.0753%	4h	84.515	−0.112%	$87K	$203K	10x