Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h +0.012%

Price spread now: QFEX against SunX+0.081%7-day average +0.036% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.081%, 7d avg +0.036%

Together, before fees+0.026%+$3 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 QFEX is 0.046% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRWV-USDT	86.130	0	get 0.0000% / 8h	6h 56m	$2K	$4.9M	10x
Short	QFEX CRWV-USD	86.200	0.0018	get 0.0002% / 1h	56m 10s	$1.3M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $3.68
Price spread: +0.081% → +0.036%: $4.56
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$9.76
Costs to cover: 0.180%
Break-even: 25.6 days

Slippage unknown: SunX: live order book, 12 min ago; QFEX: live order book, 12 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 SunX live order book, 12 min ago	501.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 12 min ago	2.31 bp	7.3 bp −$7	10.6 bp −$106	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	86.332	+0.234%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.210	+0.093%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.200	+0.081%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.230	+0.116%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.433	+0.351%	$2K	$193K	10x	as long as short
SunX CRWV-USDTlong	0.0000%	8h	86.130	long leg	$2K	$4.9M	10x
HTX CRWV-USDT	0.0000%	8h	86.360	+0.267%	$141K	$2K	20x	as long as short
QFEX CRWV-USDshort	+0.0018%	1h	86.200	+0.081%	$1.3M	$3.1M	10x
BloFin CRWV-USDT	+0.0018%	8h	86.410	+0.325%	$169K	$68K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.210	+0.093%	$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	86.130	0.000%	$418K	$354K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	86.290	+0.186%	$64K	$78K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.270	+0.163%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.170	+0.046%	$332K	$219K	10x	as long as short
Variational Omni CRWV	+0.0052%	8h	86.176	+0.053%	$315K	$391K	—	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.170	+0.046%	$365K	$514K	20x	as long as short
Extended CRWV-USD	+0.0120%	1h	86.171	+0.048%	$14K	$306K	10x	as long as short
Binance CRWVUSDT	+0.0120%	8h	86.203	+0.085%	$9.6M	$17.5M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0190%	1h	86.182	+0.060%	$9.7M	$7.7M	10x	as long as short
Bybit CRWVUSDT	+0.0267%	8h	86.230	+0.116%	$2.2M	$1.1M	25x	as long as short
Phoenix CRWV	+0.0278%	1h	86.360	+0.267%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0446%	1h	86.255	+0.145%	$71K	$263K	10x	as long as short
edgeX CRWVUSDC	+0.0496%	4h	86.415	+0.331%	$89K	$202K	10x	as long as short