Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0178%/8h= −19.4% APRpaid last 24h −0.018%

Price spread now: KuCoin against Phoenix+0.012%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on KuCoin

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRWV	86.350	0.0278	pay 0.0035% / 1h	59m 08s	$1K	$43K	10x
Short	KuCoin CRWVUSDTM	86.360	0.0100	get 0.0100% / 8h	6h 59m	$365K	$513K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$37.28
Price spread: +0.012% → 0.000%: $1.16
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$55.12
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 53 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 KuCoin live order book, 53 min ago	13.88 bp	132.2 bp −$132	doesn't fit	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
Aster CRWVUSDT	0.0000%	8h	86.560	+0.244%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.410	+0.069%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.380	+0.035%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.410	+0.069%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.444	+0.108%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.340	−0.012%	$1K	$4.9M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.460	+0.127%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0009%	8h	86.430	+0.093%	$170K	$68K	20x	as long as short
QFEX CRWV-USD	+0.0029%	1h	86.380	+0.035%	$1.4M	$3.1M	10x	as long as short
Lighter CRWV	+0.0032%	1h	86.460	+0.127%	$105K	$30K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	86.390	+0.046%	$420K	$354K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.500	+0.174%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.310	−0.046%	$333K	$219K	10x	as long as short
Variational Omni CRWV	+0.0060%	8h	86.430	+0.093%	$315K	$391K	—	as long as short
KuCoin CRWVUSDTMshort	+0.0100%	8h	86.360	+0.012%	$365K	$513K	20x
tradeXYZ xyz:CRWV	+0.0120%	1h	86.367	+0.020%	$9.7M	$7.6M	10x	as long as short
Binance CRWVUSDT	+0.0125%	8h	86.390	+0.046%	$9.6M	$17.5M	25x	as long as short
Extended CRWV-USD	+0.0128%	1h	86.369	+0.022%	$14K	$306K	10x	as long as short
Phoenix CRWVlong	+0.0278%	1h	86.350	long leg	$1K	$43K	10x
Bybit CRWVUSDT	+0.0304%	8h	86.440	+0.104%	$2.2M	$1.1M	25x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.380	+0.035%	$64K	$78K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0439%	1h	86.520	+0.197%	$71K	$263K	10x	as long as short
edgeX CRWVUSDC	+0.0971%	4h	86.392	+0.048%	$89K	$202K	10x	as long as short