Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0301%/8h= −33.0% APRpaid last 24h −0.009%

Price spread now: BloFin against Phoenix+0.046%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on BloFin

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

The price spread pays, funding is against you. BloFin is 0.046% dearer against Phoenix than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRWV	86.560	0.0278	pay 0.0035% / 1h	22m 28s	$1K	$44K	10x
Short	BloFin CRWV-USDT	86.600	−0.0023	pay 0.0023% / 8h	7h 22m	$171K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phoenix. 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 PhoenixbpFee BloFinbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$63.19
Price spread: +0.046% → 0.000%: $4.62
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$77.57
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; BloFin: live order book, 34 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell BloFin live order book, 34 min ago	4.04 bp	19.6 bp −$20	37.6 bp −$376	doesn't fit	doesn't fit

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
BloFin CRWV-USDTshort	−0.0023%	8h	86.600	+0.046%	$171K	$68K	20x
Aster CRWVUSDT	0.0000%	8h	86.593	+0.039%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	86.500	−0.069%	$2.7M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	86.470	−0.104%	$5.5M	$4.0M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	86.490	−0.081%	$2.3M	$1.9M	20x	as long as short
SunX CRWV-USDT	0.0000%	8h	86.350	−0.243%	$1K	$5.0M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	86.620	+0.069%	$142K	$2K	20x	as long as short
QFEX CRWV-USD	+0.0029%	1h	86.430	−0.150%	$1.4M	$3.1M	10x	as long as short
GRVT CRWV_USDT_Perp	+0.0031%	8h	86.570	+0.012%	$2K	$198K	10x	as long as short
Lighter CRWV	+0.0032%	1h	86.540	−0.023%	$105K	$32K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRWV	+0.0032%	1h	86.460	−0.116%	$420K	$358K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.580	+0.023%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	86.380	−0.208%	$333K	$218K	10x	as long as short
Variational Omni CRWV	+0.0080%	8h	86.556	−0.005%	$316K	$391K	—	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	86.430	−0.150%	$366K	$512K	20x	as long as short
Binance CRWVUSDT	+0.0141%	8h	86.457	−0.119%	$9.7M	$17.5M	25x	as long as short
Extended CRWV-USD	+0.0144%	1h	86.453	−0.123%	$17K	$335K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0155%	1h	86.444	−0.134%	$9.7M	$7.6M	10x	as long as short
Bybit CRWVUSDT	+0.0249%	8h	86.490	−0.081%	$2.2M	$1.2M	25x	as long as short
Phoenix CRWVlong	+0.0278%	1h	86.560	long leg	$1K	$44K	10x
Arcus CRWV-USD	+0.0340%	1h	86.430	−0.150%	$64K	$78K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0380%	1h	86.533	−0.031%	$71K	$254K	10x	as long as short
edgeX CRWVUSDC	+0.0830%	4h	86.550	−0.012%	$89K	$201K	10x	as long as short