Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.002%

Price spread now: Bitget against QFEX−0.023%46s7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$420.422% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.023%, 7d avg +0.075%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.098% cheaper against QFEX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.075%). Swap the legs. The two prices were read 46 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	QFEX CRWV-USD	86.330	0.0029	pay 0.0004% / 1h	57m 48s	$1.3M	$3.1M	10x
Short	Bitget CRWVUSDT	86.310	0	get 0.0000% / 8h	6h 57m	$2.2M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$6.15
Price spread: −0.023% → +0.075%: −$9.83
Slippage, 4 orders: −$20.21
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$58.19
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from QFEX: live order book, 10 min ago; Bitget: live order book, 4 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 QFEX live order book, 10 min ago	2.31 bp	7.3 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.47 bp	11.5 bp −$11	212.9 bp −$2,129	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
Aster CRWVUSDT	0.0000%	8h	86.484	+0.178%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.320	−0.012%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.330	0.000%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDTshort	0.0000%	8h	86.310	−0.023%	$2.2M	$1.9M	20x
GRVT CRWV_USDT_Perp	0.0000%	8h	86.444	+0.132%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.280	−0.058%	$1K	$4.9M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.460	+0.151%	$141K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0009%	8h	86.430	+0.116%	$170K	$68K	20x	as long as short
QFEX CRWV-USDlong	+0.0029%	1h	86.330	long leg	$1.3M	$3.1M	10x
Lighter CRWV	+0.0032%	1h	86.420	+0.104%	$105K	$30K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	86.310	−0.023%	$419K	$354K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	86.360	+0.035%	$64K	$78K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.430	+0.116%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.310	−0.023%	$333K	$219K	10x	as long as short
Variational Omni CRWV	+0.0060%	8h	86.430	+0.116%	$315K	$391K	—	as long as short
tradeXYZ xyz:CRWV	+0.0070%	1h	86.308	−0.025%	$9.7M	$7.6M	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.320	−0.012%	$365K	$513K	20x	as long as short
Extended CRWV-USD	+0.0120%	1h	86.310	−0.024%	$14K	$306K	10x	as long as short
Binance CRWVUSDT	+0.0123%	8h	86.312	−0.021%	$9.6M	$17.5M	25x	as long as short
Phoenix CRWV	+0.0278%	1h	86.350	+0.023%	$1K	$43K	10x	as long as short
Bybit CRWVUSDT	+0.0290%	8h	86.350	+0.023%	$2.2M	$1.1M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0387%	1h	86.430	+0.116%	$71K	$263K	10x	as long as short
edgeX CRWVUSDC	+0.0971%	4h	86.392	+0.071%	$89K	$202K	10x	as long as short