Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.043%

Price spread now: Bybit against Polymarket Perps+0.101%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$460.455% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.245%−$25 · spread now +0.101%, 7d avg +0.035%

Together, before fees−0.273%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.066% dearer against Polymarket Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRWV-USD	85.114	0.0050	pay 0.0006% / 1h	14m 37s	$81K	$305K	10x
Short	Bybit CRWVUSDT	85.200	0.0090	get 0.0090% / 8h	3h 14m	$2.1M	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now +0.101%Rate

Funding earned: $8.45
Price spread: +0.101% → +0.035%: $6.63
Slippage, 4 orders: −$26.52
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.45
Costs to cover: 0.455%
Break-even: 32.2 days

Slippage from Polymarket Perps: live order book, 37 min ago; Bybit: live order book, 2 min ago.

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 Polymarket Perps live order book, 37 min ago	1.34 bp	6.6 bp −$7	8.7 bp −$87	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.11 bp	16.8 bp −$17	63.0 bp −$630	doesn't fit	doesn't fit

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	−0.0119%	8h	85.140	+0.031%	$1.8M	$1.9M	20x	as long as short
Gate CRWV_USDT	−0.0062%	8h	85.150	+0.042%	$5.4M	$3.7M	50x	as long as short
BloFin CRWV-USDT	−0.0023%	8h	85.170	+0.066%	$162K	$67K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	85.250	+0.160%	$37K	$33K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	85.106	−0.010%	$15K	$257K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	85.160	+0.054%	$9.3M	$17.3M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.080	−0.040%	$2.4M	$5.0M	25x	as long as short
Variational Omni CRWV	0.0000%	8h	85.215	+0.119%	$311K	$299K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.150	+0.042%	$2K	$193K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.150	+0.042%	$2K	$4.4M	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	85.230	+0.136%	$139K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0025%	1h	85.110	−0.005%	$1.3M	$2.5M	10x	as long as short
Lighter CRWV	+0.0032%	1h	85.120	+0.007%	$97K	$37K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.130	+0.019%	$414K	$355K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.130	+0.019%	$63K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.130	+0.019%	—	$156K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	85.127	+0.015%	$9.3M	$8.1M	10x	as long as short
Polymarket Perps CRWV-USDlong	+0.0050%	1h	85.114	long leg	$81K	$305K	10x
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.160	+0.054%	$319K	$149K	10x	as long as short
Bybit CRWVUSDTshort	+0.0090%	8h	85.200	+0.101%	$2.1M	$1.1M	25x
Phoenix CRWV	+0.0093%	1h	85.170	+0.066%	$1K	$45K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.130	+0.019%	$359K	$525K	20x	as long as short
edgeX CRWVUSDC	+0.0116%	4h	85.153	+0.046%	$88K	$204K	10x	as long as short