Funding you earn now, next payment 08:00 UTC−0.0115%/8h= −12.6% APRnext payment −$1.15 per $10,000 · paid last 24h −0.070%
Price spread now: Binance against Bybit−0.023%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$550.546% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now −0.023%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.039% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CRWVUSDT | 85.520 | 0.0115 | pay 0.0115% / 8h | 3h 44m | $2.1M | $1.1M | 25x |
| Short | Binance CRWVUSDT | 85.500 | 0 | get 0.0000% / 8h | 3h 44m | $9.5M | $17.3M | 25x |
Bybit CRWVUSDT
Binance CRWVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$24.12
- Price spread: −0.023% → +0.016%
- −$3.94
- Slippage, 4 orders
- −$33.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$82.66
- Costs to cover
- 0.546%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 11 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 Bybit live order book, 2 min ago | 3.51 bp | 19.9 bp −$20 | 69.7 bp −$697 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.17 bp | 6.2 bp −$6 | 6.2 bp −$62 | 56.6 bp −$5,657 | 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 | −0.0010% | 8h | 85.490 | −0.035% | $163K | $67K | 20x | as long as short |
| Aster CRWVUSDT | 0.0000% | 8h | 85.680 | +0.187% | $37K | $33K | 20x | as long as short |
| Extended CRWV-USD | 0.0000% | 1h | 85.476 | −0.051% | $19K | $301K | 10x | as long as short |
| Binance CRWVUSDTshort | 0.0000% | 8h | 85.500 | −0.023% | $9.5M | $17.3M | 25x | |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 85.450 | −0.082% | $2.5M | $4.9M | 25x | as long as short |
| Gate CRWV_USDT | 0.0000% | 8h | 85.510 | −0.012% | $5.4M | $3.7M | 50x | as long as short |
| Bitget CRWVUSDT | 0.0000% | 8h | 85.560 | +0.047% | $1.9M | $2.1M | 20x | as long as short |
| Variational Omni CRWV | 0.0000% | 8h | 85.565 | +0.053% | $312K | $299K | — | as long as short |
| GRVT CRWV_USDT_Perp | 0.0000% | 8h | 85.390 | −0.152% | $2K | $192K | 10x | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 85.440 | −0.094% | $2K | $4.5M | 10x | as long as short |
BloFin CRWV-USDT
Aster CRWVUSDT
Extended CRWV-USD
OKX CRWV-USDT-SWAP
Gate CRWV_USDT
Bitget CRWVUSDT
Variational Omni CRWV
GRVT CRWV_USDT_Perp
SunX CRWV-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CRWV-USDT | 0.0000% | 8h | 84.990 | −0.620% | $139K | $2K | 20x | as long as short |
| QFEX CRWV-USD | +0.0025% | 1h | 85.500 | −0.023% | $1.3M | $2.5M | 10x | as long as short |
| Lighter CRWV | +0.0032% | 1h | 85.540 | +0.023% | $102K | $29K | 10x | as long as short |
| Lighter RH CRWV | +0.0032% | 1h | 85.470 | −0.058% | $415K | $355K | 10x | as long as short |
| Arcus CRWV-USD | +0.0040% | 1h | 85.480 | −0.047% | $64K | $78K | 10x | as long as short |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 85.540 | +0.023% | — | $156K | 10x | as long as short |
| Polymarket Perps CRWV-USD | +0.0050% | 1h | 85.471 | −0.057% | $85K | $298K | 10x | as long as short |
| Ondo Perps CRWV-USD.P | +0.0050% | 1h | 85.360 | −0.187% | $321K | $147K | 10x | as long as short |
| tradeXYZ xyz:CRWV | +0.0057% | 1h | 85.494 | −0.030% | $9.4M | $8.0M | 10x | as long as short |
| Phoenix CRWV | +0.0093% | 1h | 85.540 | +0.023% | $1K | $45K | 10x | as long as short |
| KuCoin CRWVUSDTM | +0.0100% | 8h | 85.430 | −0.105% | $361K | $518K | 20x | as long as short |
| Bybit CRWVUSDTlong | +0.0115% | 8h | 85.520 | long leg | $2.1M | $1.1M | 25x | |
| edgeX CRWVUSDC | +0.0522% | 4h | 85.537 | +0.020% | $88K | $204K | 10x | as long as short |
HTX CRWV-USDT
QFEX CRWV-USD
Lighter CRWV
Lighter RH CRWV
Arcus CRWV-USD
Vest CRWV-USD-PERP
Polymarket Perps CRWV-USD
Ondo Perps CRWV-USD.P
tradeXYZ xyz:CRWV
Phoenix CRWV
KuCoin CRWVUSDTM
edgeX CRWVUSDC