Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against KuCoin−0.035%7-day average −0.067% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.035%, 7d avg −0.067%

Together, before fees−0.134%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.032% dearer against KuCoin than usual: you sell high and buy low (spread −0.035% now, against its 7-day average of −0.067%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRWVUSDTM	85.870	0.0100	pay 0.0100% / 8h	6h 13m	$363K	$528K	20x
Short	Ondo Perps CRWV-USD.P	85.840	0.0050	get 0.0006% / 1h	13m 35s	$332K	$133K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$10.42
Price spread: −0.035% → −0.067%: $3.17
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$24.24
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 24 min ago; Ondo Perps: 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 KuCoin live order book, 24 min ago	9.91 bp	120.2 bp −$120	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	86.021	+0.176%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.900	+0.035%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.900	+0.035%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.890	+0.023%	$2.2M	$1.9M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.898	+0.032%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.810	−0.070%	$1K	$4.8M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.950	+0.093%	$140K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0018%	1h	85.860	−0.012%	$1.3M	$2.8M	10x	as long as short
edgeX CRWVUSDC	+0.0027%	4h	85.854	−0.019%	$88K	$203K	10x	as long as short
Lighter CRWV	+0.0032%	1h	85.910	+0.047%	$104K	$30K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	85.860	−0.012%	$418K	$357K	10x	as long as short
Variational Omni CRWV	+0.0036%	8h	85.854	−0.018%	$313K	$309K	—	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.820	−0.058%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.910	+0.047%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.Pshort	+0.0050%	1h	85.840	−0.035%	$332K	$133K	10x
KuCoin CRWVUSDTMlong	+0.0100%	8h	85.870	long leg	$363K	$528K	20x
Extended CRWV-USD	+0.0104%	1h	85.863	−0.008%	$16K	$312K	10x	as long as short
Binance CRWVUSDT	+0.0105%	8h	85.840	−0.035%	$9.6M	$17.3M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0171%	1h	85.829	−0.048%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0278%	1h	85.830	−0.047%	$1K	$46K	10x	as long as short
Bybit CRWVUSDT	+0.0313%	8h	85.890	+0.023%	$2.2M	$1.2M	25x	as long as short
Polymarket Perps CRWV-USD	+0.0589%	1h	85.904	+0.040%	$84K	$288K	10x	as long as short