Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0184%/8hnext payment +$0.23 per $10,000 · paid last 24h +0.034%

Price spread now: Phoenix against Extended−0.069%7-day average — · you buy dearer than you sell

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

Long on Extended 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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.069% cheaper against Extended than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 30 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRWV-USD	86.319	0	get 0.0000% / 1h	23m 20s	$14K	$228K	10x
Short	Phoenix CRWV	86.260	0.0184	get 0.0023% / 1h	23m 20s	$1K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.069%Rate

Funding earned: $38.71
Price spread: −0.069% → 0.000%: −$6.86
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $19.85
Costs to cover: 0.120%
Break-even: 3.4 days

Slippage unknown: Extended: live order book, 8 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 Extended live order book, 8 min ago	3.48 bp	13.8 bp −$14	101.2 bp −$1,012	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	86.304	−0.017%	$37K	$33K	20x	as long as short
Extended CRWV-USDlong	0.0000%	1h	86.319	long leg	$14K	$228K	10x
Binance CRWVUSDT	0.0000%	8h	86.332	+0.014%	$9.8M	$17.6M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.330	+0.013%	$2.8M	$4.4M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.320	+0.001%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.340	+0.024%	$2.3M	$1.9M	20x	as long as short
Variational Omni CRWV	0.0000%	8h	86.375	+0.064%	$321K	$410K	—	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	86.352	+0.037%	$2K	$216K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.260	−0.069%	$2K	$5.4M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.350	+0.036%	$141K	$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	+0.0014%	8h	86.260	−0.069%	$181K	$57K	20x	as long as short
Lighter CRWV	+0.0032%	1h	86.330	+0.013%	$104K	$31K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	86.300	−0.022%	$429K	$451K	10x	as long as short
QFEX CRWV-USD	+0.0043%	1h	86.260	−0.069%	$1.3M	$3.1M	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.330	+0.013%	—	$140K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	86.288	−0.036%	$9.7M	$7.0M	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.120	−0.231%	$332K	$233K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.260	−0.069%	$365K	$531K	20x	as long as short
Polymarket Perps CRWV-USD	+0.0142%	1h	86.344	+0.029%	$77K	$173K	10x	as long as short
Bybit CRWVUSDT	+0.0162%	8h	86.280	−0.045%	$2.2M	$1.3M	25x	as long as short
Phoenix CRWVshort	+0.0184%	1h	86.260	−0.069%	$1K	$44K	10x
edgeX CRWVUSDC	+0.0533%	4h	86.350	+0.035%	$89K	$199K	10x	as long as short
Arcus CRWV-USD	+0.0734%	1h	86.320	+0.001%	$77K	$61K	10x	as long as short