Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.012%

Price spread now: QFEX against HTX−0.092%7-day average −0.066% · 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−$41as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.092%, 7d avg −0.066%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.027% cheaper against HTX than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.066%). If the spread goes back, that is −$3 on $10k: about 3.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CRWV-USDT	86.650	0	get 0.0000% / 8h	7h 47m	$142K	$2K	20x
Short	QFEX CRWV-USD	86.570	0.0029	get 0.0004% / 1h	47m 21s	$1.4M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $6.15
Price spread: −0.092% → −0.066%: −$2.68
Slippage, 4 orders: −$16.63
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$35.16
Costs to cover: 0.386%
Break-even: 47.0 days

Slippage from HTX: live order book, 24 min ago; QFEX: live order book, 6 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 HTX live order book, 24 min ago	4.05 bp	10.9 bp −$11	24.3 bp −$243	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.73 bp	9.0 bp −$9	14.2 bp −$142	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	−0.0002%	8h	86.660	+0.012%	$171K	$69K	20x	as long as short
Aster CRWVUSDT	0.0000%	8h	86.745	+0.110%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.650	0.000%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.610	−0.046%	$5.6M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.620	−0.035%	$2.3M	$1.9M	20x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.500	−0.173%	$2K	$5.2M	10x	as long as short
HTX CRWV-USDTlong	0.0000%	8h	86.650	long leg	$142K	$2K	20x
QFEX CRWV-USDshort	+0.0029%	1h	86.570	−0.092%	$1.4M	$3.2M	10x
Lighter CRWV	+0.0032%	1h	86.700	+0.058%	$105K	$32K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	86.620	−0.035%	$422K	$354K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRWV-USD-PERP	+0.0046%	1h	86.730	+0.092%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.520	−0.150%	$334K	$219K	10x	as long as short
Variational Omni CRWV	+0.0060%	8h	86.472	−0.206%	$316K	$391K	—	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.530	−0.138%	$366K	$514K	20x	as long as short
Binance CRWVUSDT	+0.0142%	8h	86.616	−0.040%	$9.7M	$18.0M	25x	as long as short
Extended CRWV-USD	+0.0144%	1h	86.595	−0.063%	$15K	$246K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0155%	1h	86.611	−0.045%	$9.8M	$7.6M	10x	as long as short
GRVT CRWV_USDT_Perp	+0.0216%	8h	86.590	−0.069%	$3K	$199K	10x	as long as short
Bybit CRWVUSDT	+0.0237%	8h	86.630	−0.023%	$2.2M	$1.2M	25x	as long as short
Phoenix CRWV	+0.0278%	1h	86.490	−0.185%	$1K	$44K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0332%	1h	86.644	−0.007%	$71K	$254K	10x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.510	−0.162%	$64K	$79K	10x	as long as short
edgeX CRWVUSDC	+0.0744%	4h	86.597	−0.061%	$89K	$201K	10x	as long as short