Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0184%/8hpaid last 24h −0.051%

Price spread now: Variational Omni against Phoenix+0.133%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Variational Omni is 0.133% dearer against Phoenix than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRWV	86.260	0.0184	pay 0.0023% / 1h	23m 29s	$1K	$44K	10x
Short	Variational Omni CRWV	86.375	0	get 0.0000% / 8h	4h 23m	$321K	$410K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.133%Rate

Funding earned: −$38.71
Price spread: +0.133% → 0.000%: $13.28
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.43
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 10 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 Variational Omni RFQ quote, 10 min ago	3.66 bp	doesn't fit	32.9 bp −$329	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	86.290	+0.035%	$37K	$33K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	86.265	+0.005%	$14K	$228K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	86.300	+0.046%	$9.8M	$17.6M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.300	+0.046%	$2.8M	$4.4M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.260	0.000%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.320	+0.070%	$2.3M	$1.9M	20x	as long as short
Variational Omni CRWVshort	0.0000%	8h	86.375	+0.133%	$321K	$410K	—
GRVT CRWV_USDT_Perp	0.0000%	8h	86.352	+0.106%	$2K	$216K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.160	−0.116%	$2K	$5.4M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.350	+0.104%	$141K	$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	+0.0014%	8h	86.260	0.000%	$181K	$57K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.330	+0.081%	$104K	$31K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	86.300	+0.046%	$429K	$451K	10x	as long as short
QFEX CRWV-USD	+0.0043%	1h	86.260	0.000%	$1.3M	$3.1M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.330	+0.081%	—	$140K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	86.231	−0.034%	$9.7M	$7.0M	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.120	−0.162%	$332K	$233K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.240	−0.023%	$365K	$531K	20x	as long as short
Polymarket Perps CRWV-USD	+0.0142%	1h	86.344	+0.097%	$77K	$173K	10x	as long as short
Bybit CRWVUSDT	+0.0162%	8h	86.250	−0.012%	$2.2M	$1.3M	25x	as long as short
Phoenix CRWVlong	+0.0184%	1h	86.260	long leg	$1K	$44K	10x
edgeX CRWVUSDC	+0.0533%	4h	86.350	+0.104%	$89K	$199K	10x	as long as short
Arcus CRWV-USD	+0.0734%	1h	86.320	+0.070%	$77K	$61K	10x	as long as short