Funding you earn now, next payment 00:00 UTC−0.0246%/8h= −26.9% APRnext payment −$0.31 per $10,000 · paid last 24h −0.038%
Price spread now: Lighter against Phoenix−0.092%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.092% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| 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 | 23m 29s | $1K | $44K | 10x |
| Short | Lighter CRWV | 86.480 | 0.0032 | get 0.0004% / 1h | 23m 29s | $105K | $32K | 10x |
Phoenix CRWV
Lighter CRWVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$51.56
- Price spread: −0.092% → 0.000%
- −$9.24
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$67.8
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Lighter: live order book, 31 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 Lighter live order book, 31 min ago | 10.39 bp | 22.9 bp −$23 | 32.4 bp −$324 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CRWVUSDT | 0.0000% | 8h | 86.593 | +0.039% | $37K | $35K | 20x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 86.450 | −0.127% | $2.7M | $4.6M | 25x | as long as short |
| Gate CRWV_USDT | 0.0000% | 8h | 86.440 | −0.139% | $5.5M | $3.9M | 50x | as long as short |
| Bitget CRWVUSDT | 0.0000% | 8h | 86.440 | −0.139% | $2.3M | $1.9M | 20x | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 86.360 | −0.231% | $2K | $5.0M | 10x | as long as short |
| HTX CRWV-USDT | 0.0000% | 8h | 86.620 | +0.069% | $142K | $2K | 20x | as long as short |
| BloFin CRWV-USDT | +0.0011% | 8h | 86.650 | +0.104% | $172K | $69K | 20x | as long as short |
| QFEX CRWV-USD | +0.0029% | 1h | 86.390 | −0.196% | $1.3M | $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 CRWVshort | +0.0032% | 1h | 86.480 | −0.092% | $105K | $32K | 10x |
Aster CRWVUSDT
OKX CRWV-USDT-SWAP
Gate CRWV_USDT
Bitget CRWVUSDT
SunX CRWV-USDT
HTX CRWV-USDT
BloFin CRWV-USDT
QFEX CRWV-USD
GRVT CRWV_USDT_PerpShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH CRWV | +0.0032% | 1h | 86.410 | −0.173% | $420K | $357K | 10x | as long as short |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 86.550 | −0.012% | — | $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 | 86.420 | −0.162% | $366K | $512K | 20x | as long as short |
| Binance CRWVUSDT | +0.0142% | 8h | 86.411 | −0.172% | $9.7M | $17.5M | 25x | as long as short |
| Extended CRWV-USD | +0.0144% | 1h | 86.388 | −0.199% | $17K | $349K | 10x | as long as short |
| tradeXYZ xyz:CRWV | +0.0153% | 1h | 86.440 | −0.139% | $9.7M | $7.6M | 10x | as long as short |
| Bybit CRWVUSDT | +0.0233% | 8h | 86.460 | −0.116% | $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 | 86.440 | −0.139% | $64K | $78K | 10x | as long as short |
| Polymarket Perps CRWV-USD | +0.0377% | 1h | 86.504 | −0.065% | $71K | $254K | 10x | as long as short |
| edgeX CRWVUSDC | +0.0830% | 4h | 86.550 | −0.012% | $89K | $201K | 10x | as long as short |
Lighter RH CRWV
Vest CRWV-USD-PERP
Ondo Perps CRWV-USD.P
Variational Omni CRWV
KuCoin CRWVUSDTM
Binance CRWVUSDT
Extended CRWV-USD
tradeXYZ xyz:CRWV
Bybit CRWVUSDT
Arcus CRWV-USD
Polymarket Perps CRWV-USD
edgeX CRWVUSDC