Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0186%/8h= +20.4% APRpaid last 24h +0.040%

Price spread now: Phoenix against Bitget−0.058%59s7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.058% cheaper against Bitget than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 25 hours of funding at the current rate (+$6 a day). The two prices were read 59 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	Bitget CRWVUSDT	85.930	0	get 0.0000% / 8h	4h 38m	$1.9M	$2.1M	20x
Short	Phoenix CRWV	85.880	0.0186	get 0.0023% / 1h	38m 27s	$1K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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 BitgetbpFee PhoenixbpOrdersPrice spread, now −0.058%Rate

Funding earned: $39.04
Price spread: −0.058% → 0.000%: −$5.82
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $14.22
Costs to cover: 0.190%
Break-even: 4.5 days

Slippage unknown: Bitget: live order book, 4 min ago; Phoenix: no order-book sample. 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 Bitget live order book, 4 min ago	2.33 bp	15.2 bp −$15	50.6 bp −$506	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 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	86.031	+0.118%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.910	−0.023%	$2.5M	$4.8M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.960	+0.035%	$5.5M	$3.8M	50x	as long as short
Bitget CRWVUSDTlong	0.0000%	8h	85.930	long leg	$1.9M	$2.1M	20x
Variational Omni CRWV	0.0000%	8h	85.899	−0.036%	$313K	$299K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.900	−0.035%	$2K	$193K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.850	−0.093%	$1K	$4.6M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.940	+0.012%	$140K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0010%	1h	85.910	−0.023%	$1.3M	$2.7M	10x	as long as short
Binance CRWVUSDT	+0.0016%	8h	85.920	−0.012%	$9.5M	$17.1M	25x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRWV-USD	+0.0016%	1h	85.899	−0.037%	$14K	$306K	10x	as long as short
BloFin CRWV-USDT	+0.0021%	8h	85.860	−0.081%	$165K	$67K	20x	as long as short
Lighter CRWV	+0.0032%	1h	85.950	+0.023%	$103K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.900	−0.035%	$418K	$347K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.870	−0.070%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.980	+0.058%	—	$156K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	85.860	−0.081%	$9.5M	$7.9M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0050%	1h	85.908	−0.026%	$85K	$289K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.780	−0.175%	$322K	$145K	10x	as long as short
edgeX CRWVUSDC	+0.0073%	4h	85.934	+0.004%	$89K	$202K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.940	+0.012%	$364K	$519K	20x	as long as short
Bybit CRWVUSDT	+0.0151%	8h	85.940	+0.012%	$2.2M	$1.1M	25x	as long as short
Phoenix CRWVshort	+0.0186%	1h	85.880	−0.058%	$1K	$46K	10x