Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.080%

Price spread now: QFEX against Bybit−0.093%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.191%−$19 on $10k

Price spread, last 7 days+0.138%+$14 · spread now −0.093%, 7d avg −0.039%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and QFEX is 0.054% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRWVUSDT	85.880	0.0285	pay 0.0285% / 8h	5h 48m	$2.2M	$1.1M	25x
Short	QFEX CRWV-USD	85.800	0.0032	get 0.0004% / 1h	48m 31s	$1.3M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$52.97
Price spread: −0.093% → −0.039%: −$5.42
Slippage, 4 orders: −$28.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$108.37
Costs to cover: 0.500%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; QFEX: live order book, 4 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, 3 min ago	2.33 bp	18.0 bp −$18	67.7 bp −$677	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.33 bp	7.3 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit

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	85.974	+0.109%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.850	−0.035%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.880	0.000%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.860	−0.023%	$2.1M	$2.0M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.935	+0.064%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.820	−0.070%	$1K	$4.7M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.930	+0.058%	$140K	$2K	20x	as long as short
Variational Omni CRWV	+0.0024%	8h	85.918	+0.045%	$314K	$309K	—	as long as short
Lighter CRWV	+0.0032%	1h	85.920	+0.047%	$104K	$29K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.850	−0.035%	$417K	$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-USDshort	+0.0032%	1h	85.800	−0.093%	$1.3M	$2.8M	10x
Arcus CRWV-USD	+0.0040%	1h	85.850	−0.035%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.890	+0.012%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.760	−0.140%	$331K	$132K	10x	as long as short
Extended CRWV-USD	+0.0096%	1h	85.817	−0.074%	$14K	$309K	10x	as long as short
Binance CRWVUSDT	+0.0097%	8h	85.840	−0.047%	$9.6M	$17.1M	25x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.820	−0.070%	$363K	$530K	20x	as long as short
tradeXYZ xyz:CRWV	+0.0113%	1h	85.825	−0.064%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.920	+0.047%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0219%	1h	85.872	−0.009%	$84K	$289K	10x	as long as short
Bybit CRWVUSDTlong	+0.0285%	8h	85.880	long leg	$2.2M	$1.1M	25x
edgeX CRWVUSDC	+0.0702%	4h	85.912	+0.038%	$88K	$202K	10x	as long as short