CRWV

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0204%/8h= −22.3% APRnext payment −$0.25 per $10,000 · paid last 24h −0.039%

Price spread now: Lighter against Polymarket Perps+0.036%45s7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.419% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.261%−$26 on $10k

Price spread, last 4 days (all we have)−1.017%−$102 · spread now +0.036%, 7d avg −0.052%

Together, before fees−1.278%+ Points / potential airdropLighter: Season 3 · farm board−$128 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.088% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.052%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 35 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRWV-USD	85.929	0.0236	pay 0.0029% / 1h	49m 50s	$85K	$289K	10x
Short	Lighter CRWV	85.960	0.0032	get 0.0004% / 1h	49m 50s	$104K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$42.82
Price spread: +0.036% → −0.052%: $8.81
Slippage, 4 orders: −$33.88
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$75.89
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 12 min ago; Lighter: live order book, 60 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, 12 min ago	2.56 bp	7.5 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit
Sell Lighter live order book, 60 min ago	12.76 bp	15.1 bp −$15	28.3 bp −$283	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	86.043	+0.133%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.930	+0.001%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.940	+0.013%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.900	−0.034%	$2.1M	$2.0M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.912	−0.020%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.830	−0.115%	$1K	$4.7M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.960	+0.036%	$140K	$2K	20x	as long as short
Variational Omni CRWV	+0.0024%	8h	85.918	−0.013%	$314K	$309K	—	as long as short
Lighter CRWVshort	+0.0032%	1h	85.960	+0.036%	$104K	$29K	10x
Lighter RH CRWV	+0.0032%	1h	85.900	−0.034%	$418K	$352K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWV-USD	+0.0032%	1h	85.870	−0.069%	$1.3M	$2.8M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.880	−0.057%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.970	+0.048%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.760	−0.197%	$331K	$132K	10x	as long as short
Binance CRWVUSDT	+0.0099%	8h	85.890	−0.045%	$9.6M	$17.1M	25x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.850	−0.092%	$364K	$530K	20x	as long as short
Extended CRWV-USD	+0.0104%	1h	85.876	−0.061%	$14K	$309K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0118%	1h	85.872	−0.066%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.920	−0.010%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USDlong	+0.0236%	1h	85.929	long leg	$85K	$289K	10x
Bybit CRWVUSDT	+0.0289%	8h	85.930	+0.001%	$2.2M	$1.1M	25x	as long as short
edgeX CRWVUSDC	+0.0702%	4h	85.912	−0.019%	$88K	$202K	10x	as long as short