CRWV

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.012%

Price spread now: Lighter against Extended+0.092%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.092%, 7d avg −0.044%

Together, before fees−0.116%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.137% dearer against Extended than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −0.044%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.1 days. At the pace of the last 7 days (−0.033% in total) that is about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRWV-USD	85.711	0.0112	pay 0.0014% / 1h	35m 25s	$19K	$309K	10x
Short	Lighter CRWV	85.790	0.0056	get 0.0007% / 1h	35m 25s	$104K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$11.76
Price spread: +0.092% → −0.044%: $13.65
Slippage, 4 orders: −$49.2
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$52.31
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from Extended: live order book, 32 min ago; Lighter: live order book, 14 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 Extended live order book, 32 min ago	2.89 bp	13.2 bp −$13	79.6 bp −$796	doesn't fit	doesn't fit
Sell Lighter live order book, 14 min ago	12.76 bp	15.1 bp −$15	28.3 bp −$283	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
BloFin CRWV-USDT	−0.0027%	8h	86.180	+0.547%	$171K	$68K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	85.895	+0.215%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.680	−0.036%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.700	−0.013%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.740	+0.034%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.787	+0.088%	$3K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.700	−0.013%	$2K	$4.9M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.830	+0.139%	$140K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0018%	1h	85.740	+0.034%	$1.3M	$2.9M	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.720	+0.010%	$417K	$357K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRWV	+0.0040%	8h	85.757	+0.053%	$313K	$391K	—	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.720	+0.010%	$64K	$78K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.750	+0.045%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.740	+0.034%	$331K	$218K	10x	as long as short
Lighter CRWVshort	+0.0056%	1h	85.790	+0.092%	$104K	$30K	10x
KuCoin CRWVUSDTM	+0.0100%	8h	85.710	−0.001%	$363K	$518K	20x	as long as short
Extended CRWV-USDlong	+0.0112%	1h	85.711	long leg	$19K	$309K	10x
Binance CRWVUSDT	+0.0114%	8h	85.640	−0.083%	$9.6M	$17.5M	25x	as long as short
edgeX CRWVUSDC	+0.0142%	4h	85.783	+0.084%	$88K	$201K	10x	as long as short
Phoenix CRWV	+0.0278%	1h	85.750	+0.045%	$1K	$46K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0312%	1h	85.619	−0.107%	$9.9M	$8.1M	10x	as long as short
Bybit CRWVUSDT	+0.0437%	8h	85.690	−0.025%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0697%	1h	85.830	+0.139%	$70K	$268K	10x	as long as short