Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.046%

Price spread now: Phoenix against Variational Omni−0.136%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.136% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.4 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRWV	84.725	0	get 0.0000% / 8h	2h 47m	$305K	$285K	—
Short	Phoenix CRWV	84.610	0.0189	get 0.0024% / 1h	47m 15s	$1K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Variational Omni. 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 Variational OmnibpFee PhoenixbpOrdersPrice spread, now −0.136%Rate

Funding earned: $39.71
Price spread: −0.136% → 0.000%: −$13.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $19.12
Costs to cover: 0.070%
Break-even: 3.6 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Phoenix: no order-book sample. 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 Variational Omni RFQ quote, 2 min ago	3.70 bp	doesn't fit	31.4 bp −$314	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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
Bitget CRWVUSDT	−0.0431%	8h	84.690	−0.042%	$1.8M	$1.9M	20x	as long as short
Gate CRWV_USDT	−0.0123%	8h	84.660	−0.077%	$5.4M	$3.8M	50x	as long as short
Aster CRWVUSDT	0.0000%	8h	84.739	+0.016%	$37K	$33K	20x	as long as short
Extended CRWV-USD	0.0000%	1h	84.627	−0.116%	$15K	$246K	10x	as long as short
Binance CRWVUSDT	0.0000%	8h	84.633	−0.109%	$9.3M	$17.7M	25x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	84.700	−0.030%	$2.3M	$5.2M	25x	as long as short
Variational Omni CRWVlong	0.0000%	8h	84.725	long leg	$305K	$285K	—
GRVT CRWV_USDT_Perp	0.0000%	8h	84.739	+0.017%	$2K	$192K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	84.630	−0.112%	$2K	$4.4M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	84.700	−0.030%	$138K	$2K	20x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWV-USD	+0.0021%	1h	84.630	−0.112%	$1.3M	$2.5M	10x	as long as short
BloFin CRWV-USDT	+0.0027%	8h	84.640	−0.101%	$156K	$67K	20x	as long as short
Lighter CRWV	+0.0032%	1h	84.590	−0.160%	$96K	$35K	10x	as long as short
Lighter RH CRWV	+0.0032%	1h	84.590	−0.160%	$405K	$371K	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	84.630	−0.112%	$63K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	84.680	−0.053%	—	$176K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0050%	1h	84.619	−0.125%	$80K	$307K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	84.530	−0.230%	$311K	$159K	10x	as long as short
Bybit CRWVUSDT	+0.0069%	8h	84.670	−0.065%	$2.1M	$1.1M	25x	as long as short
tradeXYZ xyz:CRWV	+0.0080%	1h	84.614	−0.131%	$9.2M	$8.2M	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	84.610	−0.136%	$357K	$537K	20x	as long as short
Phoenix CRWVshort	+0.0189%	1h	84.610	−0.136%	$1K	$45K	10x
edgeX CRWVUSDC	+0.0589%	4h	84.679	−0.055%	$87K	$203K	10x	as long as short