Funding you earn now, next payment 01:00 UTC−0.0227%/8h= −24.9% APRnext payment −$0.28 per $10,000 · paid last 24h −0.034%
Price spread now: Ondo Perps against Phoenix−0.303%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Ondo Perps is 0.303% cheaper against Phoenix than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRWV | 85.890 | 0.0278 | pay 0.0035% / 1h | 36m 57s | $1K | $46K | 10x |
| Short | Ondo Perps CRWV-USD.P | 85.630 | 0.0050 | get 0.0006% / 1h | 36m 57s | $331K | $218K | 10x |
Phoenix CRWV
Ondo Perps CRWV-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$47.75
- Price spread: −0.303% → 0.000%
- −$30.27
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$90.02
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Ondo Perps: no order-book sample. 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 Ondo Perps no order-book sample | — | — | — | — | — |
Phoenix and 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWV-USDT | −0.0027% | 8h | 86.180 | +0.338% | $171K | $68K | 20x | as long as short |
| Aster CRWVUSDT | 0.0000% | 8h | 85.934 | +0.051% | $37K | $35K | 20x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 85.830 | −0.070% | $2.6M | $4.6M | 25x | as long as short |
| Gate CRWV_USDT | 0.0000% | 8h | 85.790 | −0.116% | $5.5M | $3.9M | 50x | as long as short |
| Bitget CRWVUSDT | 0.0000% | 8h | 85.770 | −0.140% | $2.2M | $1.9M | 20x | as long as short |
| GRVT CRWV_USDT_Perp | 0.0000% | 8h | 85.787 | −0.120% | $3K | $192K | 10x | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 85.700 | −0.221% | $2K | $4.9M | 10x | as long as short |
| HTX CRWV-USDT | 0.0000% | 8h | 85.830 | −0.070% | $140K | $2K | 20x | as long as short |
| QFEX CRWV-USD | +0.0018% | 1h | 85.770 | −0.140% | $1.3M | $2.9M | 10x | as long as short |
| Lighter RH CRWV | +0.0032% | 1h | 85.740 | −0.175% | $417K | $357K | 10x | as long as short |
BloFin CRWV-USDT
Aster CRWVUSDT
OKX CRWV-USDT-SWAP
Gate CRWV_USDT
Bitget CRWVUSDT
GRVT CRWV_USDT_Perp
SunX CRWV-USDT
HTX CRWV-USDT
QFEX CRWV-USD
Lighter RH CRWVShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus CRWV-USD | +0.0040% | 1h | 85.750 | −0.163% | $64K | $78K | 10x | as long as short |
| Variational Omni CRWV | +0.0041% | 8h | 85.842 | −0.056% | $313K | $391K | — | as long as short |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 85.780 | −0.128% | — | $156K | 10x | as long as short |
| Ondo Perps CRWV-USD.Pshort | +0.0050% | 1h | 85.630 | −0.303% | $331K | $218K | 10x | |
| Lighter CRWV | +0.0064% | 1h | 85.830 | −0.070% | $104K | $30K | 10x | as long as short |
| KuCoin CRWVUSDTM | +0.0100% | 8h | 85.750 | −0.163% | $363K | $518K | 20x | as long as short |
| Extended CRWV-USD | +0.0112% | 1h | 85.740 | −0.174% | $19K | $309K | 10x | as long as short |
| Binance CRWVUSDT | +0.0115% | 8h | 85.766 | −0.145% | $9.6M | $17.5M | 25x | as long as short |
| edgeX CRWVUSDC | +0.0142% | 4h | 85.783 | −0.125% | $88K | $201K | 10x | as long as short |
| Phoenix CRWVlong | +0.0278% | 1h | 85.890 | long leg | $1K | $46K | 10x | |
| tradeXYZ xyz:CRWV | +0.0319% | 1h | 85.723 | −0.194% | $9.9M | $8.0M | 10x | as long as short |
| Bybit CRWVUSDT | +0.0422% | 8h | 85.790 | −0.116% | $2.2M | $1.2M | 25x | as long as short |
| Polymarket Perps CRWV-USD | +0.0688% | 1h | 85.850 | −0.047% | $70K | $268K | 10x | as long as short |
Arcus CRWV-USD
Variational Omni CRWV
Vest CRWV-USD-PERP
Lighter CRWV
KuCoin CRWVUSDTM
Extended CRWV-USD
Binance CRWVUSDT
edgeX CRWVUSDC
tradeXYZ xyz:CRWV
Bybit CRWVUSDT
Polymarket Perps CRWV-USD