Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0494%/8h= −54.1% APRpaid last 24h −0.012%

Price spread now: KuCoin against Polymarket Perps−0.077%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$304as in the Funding arb table

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$2932.934% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.904%−$90 · spread now −0.077%, 7d avg −0.013%

Together, before fees−1.013%−$101 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.064% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRWV-USD	85.936	0.0594	pay 0.0074% / 1h	14m 25s	$84K	$288K	10x
Short	KuCoin CRWVUSDTM	85.870	0.0100	get 0.0100% / 8h	6h 14m	$364K	$528K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$103.69
Price spread: −0.077% → −0.013%: −$6.4
Slippage, 4 orders: −$273.36
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$403.45
Costs to cover: 2.934%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 53 min ago; KuCoin: live order book, 23 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, 53 min ago	2.71 bp	6.7 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell KuCoin live order book, 23 min ago	9.91 bp	159.4 bp −$159	doesn't fit	doesn't fit	doesn't fit

CRWV on 22 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	86.022	+0.100%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.880	−0.065%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.900	−0.042%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.890	−0.054%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.835	−0.118%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.790	−0.170%	$1K	$4.8M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.950	+0.016%	$140K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0018%	1h	85.870	−0.077%	$1.3M	$2.8M	10x	as long as short
Lighter CRWV	+0.0032%	1h	85.900	−0.042%	$104K	$30K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.860	−0.088%	$418K	$357K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRWV	+0.0036%	8h	85.854	−0.095%	$313K	$309K	—	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.820	−0.135%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.920	−0.019%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.840	−0.112%	$332K	$133K	10x	as long as short
edgeX CRWVUSDC	+0.0055%	4h	85.773	−0.189%	$88K	$202K	10x	as long as short
KuCoin CRWVUSDTMshort	+0.0100%	8h	85.870	−0.077%	$364K	$528K	20x
Extended CRWV-USD	+0.0104%	1h	85.849	−0.102%	$16K	$312K	10x	as long as short
Binance CRWVUSDT	+0.0106%	8h	85.870	−0.077%	$9.6M	$17.3M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0174%	1h	85.826	−0.128%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0278%	1h	85.830	−0.123%	$1K	$46K	10x	as long as short
Bybit CRWVUSDT	+0.0320%	8h	85.890	−0.054%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USDlong	+0.0594%	1h	85.936	long leg	$84K	$288K	10x