Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0052%/8h= −5.6% APRpaid last 24h −0.025%

Price spread now: Variational Omni against tradeXYZ+0.028%7-day average +0.097% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.057%−$6 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now +0.028%, 7d avg +0.097%

Together, before fees+0.122%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.069% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.097%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRWV	85.868	0.0052	pay 0.0006% / 1h	23m 30s	$9.7M	$8.1M	10x
Short	Variational Omni CRWV	85.892	0	get 0.0000% / 8h	5h 23m	$313K	$300K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.028%Rate

Funding earned: −$10.83
Price spread: +0.028% → +0.097%: −$6.88
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$35.71
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 4 min ago; Variational Omni: RFQ quote, 40 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 tradeXYZ live order book, 4 min ago	0.58 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 40 min ago	2.73 bp	doesn't fit	33.9 bp −$339	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
BloFin CRWV-USDT	−0.0022%	8h	85.940	+0.084%	$166K	$67K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.022	+0.179%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.920	+0.061%	$2.5M	$4.8M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.940	+0.084%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.920	+0.061%	$2.0M	$2.0M	20x	as long as short
Variational Omni CRWVshort	0.0000%	8h	85.892	+0.028%	$313K	$300K	—
GRVT CRWV_USDT_Perp	0.0000%	8h	85.920	+0.061%	$2K	$190K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.850	−0.021%	$1K	$4.6M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.950	+0.095%	$140K	$2K	20x	as long as short
Lighter CRWV	+0.0032%	1h	85.950	+0.095%	$103K	$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	85.910	+0.049%	$418K	$352K	10x	as long as short
QFEX CRWV-USD	+0.0032%	1h	85.900	+0.037%	$1.3M	$2.7M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.880	+0.014%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.950	+0.095%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.790	−0.091%	$329K	$136K	10x	as long as short
tradeXYZ xyz:CRWVlong	+0.0052%	1h	85.868	long leg	$9.7M	$8.1M	10x
Binance CRWVUSDT	+0.0069%	8h	85.900	+0.037%	$9.6M	$17.0M	25x	as long as short
Extended CRWV-USD	+0.0072%	1h	85.898	+0.035%	$14K	$304K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.870	+0.002%	$363K	$527K	20x	as long as short
edgeX CRWVUSDC	+0.0143%	4h	85.889	+0.025%	$88K	$202K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0168%	1h	85.924	+0.065%	$85K	$289K	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.860	−0.009%	$1K	$46K	10x	as long as short
Bybit CRWVUSDT	+0.0218%	8h	85.940	+0.084%	$2.2M	$1.1M	25x	as long as short