Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.083%

Price spread now: Lighter against Bybit+0.129%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.233%−$23 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.129%, 7d avg −0.080%

Together, before fees−0.379%+ Points / potential airdropLighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.209% dearer against Bybit than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of −0.080%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRWVUSDT	85.370	0.0106	pay 0.0106% / 8h	3h 41m	$2.1M	$1.1M	25x
Short	Lighter CRWV	85.480	0.0032	get 0.0004% / 1h	41m 24s	$102K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$15.55
Price spread: +0.129% → −0.080%: $20.93
Slippage, 4 orders: −$48.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$54.45
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; Lighter: live order book, 58 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, just now	4.10 bp	18.4 bp −$18	70.0 bp −$700	doesn't fit	doesn't fit
Sell Lighter live order book, 58 min ago	11.63 bp	15.1 bp −$15	29.2 bp −$292	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	85.572	+0.237%	$37K	$33K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	85.355	−0.018%	$19K	$301K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	85.370	0.000%	$9.4M	$17.3M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.370	0.000%	$2.5M	$4.9M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.390	+0.023%	$5.4M	$3.7M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.390	+0.023%	$1.9M	$2.1M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	85.565	+0.228%	$312K	$299K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.527	+0.184%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.440	+0.082%	$1K	$4.5M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.520	+0.176%	$140K	$2K	20x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CRWV-USDT	+0.0006%	8h	85.490	+0.141%	$163K	$67K	20x	as long as short
QFEX CRWV-USD	+0.0025%	1h	85.380	+0.012%	$1.4M	$2.5M	10x	as long as short
Lighter CRWVshort	+0.0032%	1h	85.480	+0.129%	$102K	$29K	10x
Lighter RH CRWV	+0.0032%	1h	85.360	−0.012%	$414K	$355K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.450	+0.094%	$64K	$78K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.460	+0.105%	—	$156K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0050%	1h	85.362	−0.009%	$85K	$298K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.450	+0.094%	$320K	$147K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0054%	1h	85.379	+0.011%	$9.4M	$8.0M	10x	as long as short
Phoenix CRWV	+0.0093%	1h	85.540	+0.199%	$1K	$45K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.360	−0.012%	$362K	$519K	20x	as long as short
Bybit CRWVUSDTlong	+0.0106%	8h	85.370	long leg	$2.1M	$1.1M	25x
edgeX CRWVUSDC	+0.0709%	4h	85.484	+0.134%	$88K	$202K	10x	as long as short