Funding you earn now, next payment 07:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.042%
Price spread now: Lighter RH against Phoenix−0.130%75s7-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 RH: Points live · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.130% cheaper against Phoenix than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRWV | 84.380 | 0.0095 | pay 0.0012% / 1h | 5m 45s | $2K | $41K | 10x |
| Short | Lighter RH CRWV | 84.270 | 0.0032 | get 0.0004% / 1h | 5m 45s | $397K | $410K | 10x |
Phoenix CRWV
Lighter RH CRWVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$13.19
- Price spread: −0.130% → 0.000%
- −$13.04
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$33.23
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Lighter RH: live order book, 32 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 RH live order book, 32 min ago | 2.96 bp | 3.7 bp −$4 | 16.0 bp −$160 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CRWV_USDT | −0.0430% | 8h | 84.350 | −0.036% | $5.2M | $4.3M | 50x | as long as short |
| Bitget CRWVUSDT | −0.0390% | 8h | 84.370 | −0.012% | $1.8M | $2.0M | 20x | as long as short |
| Aster CRWVUSDT | 0.0000% | 8h | 84.288 | −0.109% | $37K | $34K | 20x | as long as short |
| Extended CRWV-USD | 0.0000% | 1h | 84.281 | −0.117% | $15K | $259K | 10x | as long as short |
| Binance CRWVUSDT | 0.0000% | 8h | 84.342 | −0.045% | $9.3M | $18.4M | 25x | as long as short |
| Bybit CRWVUSDT | 0.0000% | 8h | 84.270 | −0.130% | $1.9M | $1.3M | 25x | as long as short |
| OKX CRWV-USDT-SWAP | 0.0000% | 8h | 84.310 | −0.083% | $2.3M | $5.2M | 25x | as long as short |
| Variational Omni CRWV | 0.0000% | 8h | 84.289 | −0.108% | $294K | $285K | — | as long as short |
| GRVT CRWV_USDT_Perp | 0.0000% | 8h | 84.406 | +0.030% | $2K | $189K | 10x | as long as short |
| SunX CRWV-USDT | 0.0000% | 8h | 84.230 | −0.178% | $2K | $4.2M | 10x | as long as short |
Gate CRWV_USDT
Bitget CRWVUSDT
Aster CRWVUSDT
Extended CRWV-USD
Binance CRWVUSDT
Bybit CRWVUSDT
OKX CRWV-USDT-SWAP
Variational Omni CRWV
GRVT CRWV_USDT_Perp
SunX CRWV-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CRWV-USDT | 0.0000% | 8h | 84.300 | −0.095% | $132K | $14K | 20x | as long as short |
| BloFin CRWV-USDT | 0.0000% | 8h | 84.370 | −0.012% | $153K | $65K | 20x | as long as short |
| QFEX CRWV-USD | +0.0012% | 1h | 84.270 | −0.130% | $1.3M | $2.4M | 10x | as long as short |
| Lighter CRWV | +0.0032% | 1h | 84.220 | −0.190% | $102K | $48K | 10x | as long as short |
| Lighter RH CRWVshort | +0.0032% | 1h | 84.270 | −0.130% | $397K | $410K | 10x | |
| Arcus CRWV-USD | +0.0040% | 1h | 84.290 | −0.107% | $63K | $78K | 10x | as long as short |
| edgeX CRWVUSDC | +0.0045% | 4h | 84.387 | +0.008% | $87K | $203K | 10x | as long as short |
| Vest CRWV-USD-PERP | +0.0046% | 1h | 84.260 | −0.142% | — | $184K | 10x | as long as short |
| Polymarket Perps CRWV-USD | +0.0050% | 1h | 84.216 | −0.194% | $73K | $307K | 10x | as long as short |
| Ondo Perps CRWV-USD.P | +0.0050% | 1h | 84.290 | −0.107% | $309K | $165K | 10x | as long as short |
| Phoenix CRWVlong | +0.0095% | 1h | 84.380 | long leg | $2K | $41K | 10x | |
| KuCoin CRWVUSDTM | +0.0100% | 8h | 84.280 | −0.119% | $355K | $573K | 20x | as long as short |
| tradeXYZ xyz:CRWV | +0.0241% | 1h | 84.347 | −0.039% | $9.2M | $8.3M | 10x | as long as short |
HTX CRWV-USDT
BloFin CRWV-USDT
QFEX CRWV-USD
Lighter CRWV
Arcus CRWV-USD
edgeX CRWVUSDC
Vest CRWV-USD-PERP
Polymarket Perps CRWV-USD
Ondo Perps CRWV-USD.P
KuCoin CRWVUSDTM
tradeXYZ xyz:CRWV