Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.094%

Price spread now: Phoenix against Gate−0.179%7-day average — · you buy dearer than you sell

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

Long on Gate 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—needs both histories

Funding pays, the price is against you. Phoenix is 0.179% cheaper against Gate than usual: you would sell low and buy high (spread −0.179% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 2.1 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRWV_USDT	83.780	0	get 0.0000% / 8h	7h 21m	$5.2M	$4.5M	50x
Short	Phoenix CRWV	83.630	0.0285	get 0.0036% / 1h	21m 16s	$2K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Gate. 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 GatebpFee PhoenixbpOrdersPrice spread, now −0.179%Rate

Funding earned: $59.79
Price spread: −0.179% → 0.000%: −$17.9
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $19.89
Costs to cover: 0.220%
Break-even: 4.7 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	5.98 bp	16.8 bp −$17	42.8 bp −$428	76.8 bp −$7,676	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
Bitget CRWVUSDT	−0.0238%	8h	83.870	+0.107%	$1.8M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	−0.0018%	8h	83.582	−0.237%	$2K	$186K	10x	as long as short
BloFin CRWV-USDT	−0.0017%	8h	83.700	−0.095%	$152K	$62K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	83.773	−0.009%	$36K	$34K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	83.790	+0.012%	$16K	$264K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	83.830	+0.060%	$9.3M	$19.5M	25x	as long as short
Bybit CRWVUSDT	0.0000%	8h	83.820	+0.048%	$1.9M	$1.3M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	83.860	+0.095%	$2.2M	$5.5M	25x	as long as short
Gate CRWV_USDTlong	0.0000%	8h	83.780	long leg	$5.2M	$4.5M	50x
Variational Omni CRWV	0.0000%	8h	83.279	−0.598%	$291K	$264K	—	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CRWV-USDT	0.0000%	8h	83.880	+0.119%	$2K	$4.1M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	83.630	−0.179%	$131K	$15K	20x	as long as short
Lighter CRWV	+0.0032%	1h	83.780	0.000%	$101K	$37K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	83.830	+0.060%	$373K	$450K	10x	as long as short
QFEX CRWV-USD	+0.0033%	1h	83.730	−0.060%	$1.3M	$2.4M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	83.660	−0.143%	$61K	$60K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	83.670	−0.131%	—	$198K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0050%	1h	83.804	+0.029%	$9.0M	$8.7M	10x	as long as short
Polymarket Perps CRWV-USD	+0.0050%	1h	83.647	−0.159%	$73K	$237K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	83.350	−0.513%	$306K	$166K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	83.700	−0.095%	$351K	$601K	20x	as long as short
Phoenix CRWVshort	+0.0285%	1h	83.630	−0.179%	$2K	$40K	10x
edgeX CRWVUSDC	+0.0952%	4h	83.554	−0.270%	$86K	$203K	10x	as long as short