Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.009%

Price spread now: Variational Omni against Vest−0.060%7-day average −0.007% · you buy dearer than you sell

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

Long on Vest Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.738%−$74 · spread now −0.060%, 7d avg −0.007%

Together, before fees−0.778%+ Points / potential airdropVest: Active · Variational Omni: Active · farm board−$78 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 Variational Omni is 0.053% cheaper against Vest than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRWV-USD-PERP	85.970	0.0046	pay 0.0006% / 1h	49m 50s	—	$156K	10x
Short	Variational Omni CRWV	85.918	0.0024	get 0.0024% / 8h	5h 49m	$314K	$309K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now −0.060%Rate

Funding earned: −$4.49
Price spread: −0.060% → −0.007%: −$5.31
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.8
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 14 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 14 min ago	2.73 bp	doesn't fit	33.9 bp −$339	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.085%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.930	−0.047%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.940	−0.035%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.900	−0.081%	$2.1M	$2.0M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.912	−0.068%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.830	−0.163%	$1K	$4.7M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.960	−0.012%	$140K	$2K	20x	as long as short
Variational Omni CRWVshort	+0.0024%	8h	85.918	−0.060%	$314K	$309K	—
Lighter CRWV	+0.0032%	1h	85.960	−0.012%	$104K	$29K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.900	−0.081%	$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	−0.116%	$1.3M	$2.8M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.880	−0.105%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERPlong	+0.0046%	1h	85.970	long leg	—	$156K	10x
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.760	−0.244%	$331K	$132K	10x	as long as short
Binance CRWVUSDT	+0.0099%	8h	85.890	−0.093%	$9.6M	$17.1M	25x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.850	−0.140%	$364K	$530K	20x	as long as short
Extended CRWV-USD	+0.0104%	1h	85.876	−0.109%	$14K	$309K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0118%	1h	85.872	−0.114%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.920	−0.058%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0236%	1h	85.929	−0.048%	$85K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0289%	8h	85.930	−0.047%	$2.2M	$1.1M	25x	as long as short
edgeX CRWVUSDC	+0.0702%	4h	85.912	−0.067%	$88K	$202K	10x	as long as short