Settings8H · net · $10k
Funding arb · Price arb /

CRWV

RWAall CRWV markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.026%
Price spread now: OKX against Lighter−0.082%7-day average +0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$510.510% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.119%+$12 on $10k
Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.082%, 7d avg +0.092%
Together, before fees+0.282%+ Points / potential airdropLighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.173% cheaper against Lighter than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.092%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CRWV85.7800.0032pay 0.0004% / 1h11m 19s$103K$32K10x
ShortOKX CRWV-USDT-SWAP85.7100get 0.0000% / 8h4h 11m$2.5M$4.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Lighter. 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

Funding earned
−$6.72
Price spread: −0.082% → +0.092%
−$17.33
Slippage, 4 orders
−$41.02
Fee Lighter: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$75.07
Costs to cover
0.510%
Break-even
never at this rate
Slippage from Lighter: live order book, 28 min ago; OKX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 28 min ago11.63 bp11.6 bp −$1213.8 bp −$138doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago2.92 bp11.3 bp −$1129.8 bp −$298doesn't fitdoesn't fit

CRWV on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CRWVUSDT0.0000%8h85.922+0.165%$37K$33K20xas long as short
Extended CRWV-USD0.0000%1h85.751−0.034%$19K$307K10xas long as short
Binance CRWVUSDT0.0000%8h85.771−0.011%$9.5M$17.0M25xas long as short
OKX CRWV-USDT-SWAPshort0.0000%8h85.710−0.082%$2.5M$4.8M25x
Gate CRWV_USDT0.0000%8h85.7800.000%$5.5M$3.8M50xas long as short
Bitget CRWVUSDT0.0000%8h85.760−0.023%$1.9M$2.1M20xas long as short
Variational Omni CRWV0.0000%8h85.945+0.192%$314K$299Kas long as short
GRVT CRWV_USDT_Perp0.0000%8h85.822+0.049%$2K$193K10xas long as short
SunX CRWV-USDT0.0000%8h85.720−0.070%$1K$4.5M10xas long as short
HTX CRWV-USDT0.0000%8h85.800+0.023%$140K$2K20xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin CRWV-USDT+0.0007%8h85.730−0.058%$164K$67K20xas long as short
QFEX CRWV-USD+0.0010%1h85.750−0.035%$1.4M$2.6M10xas long as short
Lighter CRWVlong+0.0032%1h85.780long leg$103K$32K10x
Lighter RH CRWV+0.0032%1h85.720−0.070%$419K$351K10xas long as short
Arcus CRWV-USD+0.0040%1h85.760−0.023%$64K$79K10xas long as short
Vest CRWV-USD-PERP+0.0046%1h85.790+0.012%$156K10xas long as short
tradeXYZ xyz:CRWV+0.0050%1h85.713−0.078%$9.5M$8.0M10xas long as short
Polymarket Perps CRWV-USD+0.0050%1h85.740−0.047%$84K$291K10xas long as short
Ondo Perps CRWV-USD.P+0.0050%1h85.740−0.047%$322K$147K10xas long as short
edgeX CRWVUSDC+0.0051%4h85.840+0.070%$88K$204K10xas long as short
KuCoin CRWVUSDTM+0.0100%8h85.720−0.070%$362K$521K20xas long as short
Bybit CRWVUSDT+0.0130%8h85.7800.000%$2.2M$1.1M25xas long as short
Phoenix CRWV+0.0186%1h85.760−0.023%$1K$46K10xas long as short