Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%

Price spread now: SunX against QFEX−0.058%7-day average −0.036% · you buy dearer than you sell

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now −0.058%, 7d avg −0.036%

Together, before fees−0.043%−$4 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 SunX is 0.022% cheaper against QFEX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWV-USD	85.880	0.0032	pay 0.0004% / 1h	49m 22s	$1.3M	$2.8M	10x
Short	SunX CRWV-USDT	85.830	0	get 0.0000% / 8h	5h 49m	$1K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against QFEX. 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 QFEXbpFee SunXbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$6.79
Price spread: −0.058% → −0.036%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$27.03
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; SunX: live order book, 9 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 QFEX live order book, 3 min ago	2.33 bp	7.3 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	500.29 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

CRWV on 22 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	86.027	+0.172%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.900	+0.023%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.910	+0.035%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.860	−0.023%	$2.1M	$2.0M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.935	+0.064%	$2K	$191K	10x	as long as short
SunX CRWV-USDTshort	0.0000%	8h	85.830	−0.058%	$1K	$4.7M	10x
HTX CRWV-USDT	0.0000%	8h	85.960	+0.093%	$140K	$2K	20x	as long as short
Variational Omni CRWV	+0.0024%	8h	85.918	+0.045%	$314K	$309K	—	as long as short
Lighter CRWV	+0.0032%	1h	85.960	+0.093%	$104K	$29K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	85.900	+0.023%	$418K	$352K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWV-USDlong	+0.0032%	1h	85.880	long leg	$1.3M	$2.8M	10x
Arcus CRWV-USD	+0.0040%	1h	85.870	−0.012%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	85.940	+0.070%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.760	−0.140%	$331K	$132K	10x	as long as short
Binance CRWVUSDT	+0.0099%	8h	85.860	−0.023%	$9.6M	$17.1M	25x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.850	−0.035%	$363K	$530K	20x	as long as short
Extended CRWV-USD	+0.0104%	1h	85.867	−0.015%	$14K	$309K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0117%	1h	85.853	−0.031%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.920	+0.047%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0230%	1h	85.898	+0.021%	$85K	$289K	10x	as long as short
Bybit CRWVUSDT	+0.0288%	8h	85.910	+0.035%	$2.2M	$1.1M	25x	as long as short
edgeX CRWVUSDC	+0.0702%	4h	85.912	+0.038%	$88K	$202K	10x	as long as short