Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.083%

Price spread now: Bybit against Lighter RH+0.058%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.058%, 7d avg +0.100%

Together, before fees+0.242%+ Points / potential airdropLighter RH: Points live · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.042% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.058% now, against its 7-day average of +0.100%). If the spread goes back, that is −$4 on $10k: about 17 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	Lighter RH CRWV	86.410	0.0032	pay 0.0004% / 1h	23m 43s	$420K	$357K	10x
Short	Bybit CRWVUSDT	86.460	0.0233	get 0.0233% / 8h	7h 23m	$2.2M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Lighter RH. 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 Lighter RHbpFee BybitbpOrdersPrice spread, now +0.058%Rate

Funding earned: $42.15
Price spread: +0.058% → +0.100%: −$4.19
Slippage, 4 orders: −$32.32
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$5.36
Costs to cover: 0.433%
Break-even: 7.9 days

Slippage from Lighter RH: live order book, 48 min ago; Bybit: live order book, 3 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 Lighter RH live order book, 48 min ago	1.74 bp	1.7 bp −$2	7.0 bp −$70	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.77 bp	18.8 bp −$19	61.6 bp −$616	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
Aster CRWVUSDT	0.0000%	8h	86.596	+0.216%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.450	+0.046%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.440	+0.035%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.450	+0.046%	$2.3M	$1.9M	20x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.360	−0.058%	$2K	$5.0M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.620	+0.243%	$142K	$2K	20x	as long as short
BloFin CRWV-USDT	+0.0011%	8h	86.650	+0.278%	$172K	$69K	20x	as long as short
QFEX CRWV-USD	+0.0029%	1h	86.390	−0.023%	$1.3M	$3.1M	10x	as long as short
Lighter CRWV	+0.0032%	1h	86.480	+0.081%	$105K	$32K	10x	as long as short
Lighter RH CRWVlong	+0.0032%	1h	86.410	long leg	$420K	$357K	10x

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	86.590	+0.208%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.380	−0.035%	$333K	$218K	10x	as long as short
GRVT CRWV_USDT_Perp	+0.0058%	8h	86.570	+0.185%	$2K	$198K	10x	as long as short
Variational Omni CRWV	+0.0080%	8h	86.556	+0.169%	$316K	$391K	—	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.440	+0.035%	$366K	$512K	20x	as long as short
Binance CRWVUSDT	+0.0142%	8h	86.422	+0.014%	$9.7M	$17.5M	25x	as long as short
Extended CRWV-USD	+0.0144%	1h	86.388	−0.026%	$17K	$349K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0153%	1h	86.420	+0.012%	$9.7M	$7.6M	10x	as long as short
Bybit CRWVUSDTshort	+0.0233%	8h	86.460	+0.058%	$2.2M	$1.2M	25x
Phoenix CRWV	+0.0278%	1h	86.560	+0.174%	$1K	$44K	10x	as long as short
Arcus CRWV-USD	+0.0340%	1h	86.440	+0.035%	$64K	$78K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0378%	1h	86.532	+0.141%	$71K	$254K	10x	as long as short
edgeX CRWVUSDC	+0.0545%	4h	86.562	+0.175%	$89K	$201K	10x	as long as short