Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against Aster−0.069%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.069% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRWDUSDT	249.97	0	get 0.0000% / 8h	1h 07m	$4K	$35K	20x
Short	Bybit CRWDUSDT	249.80	0	get 0.0000% / 8h	1h 07m	$1.1M	$449K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → 0.000%: −$6.94
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.94
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 3 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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	5.60 bp	129.8 bp −$130	213.5 bp −$2,135	doesn't fit	doesn't fit

Aster: 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.

CRWD on 18 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
Injective CRWD/USDC PERP	−0.0220%	1h	244.15	−2.330%	$21K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0027%	8h	250.28	+0.123%	$72K	$24K	25x	as long as short
Aster CRWDUSDTlong	0.0000%	8h	249.97	long leg	$4K	$35K	20x
Binance CRWDUSDT	0.0000%	8h	250.01	+0.015%	$2.6M	$7.2M	25x	as long as short
Bybit CRWDUSDTshort	0.0000%	8h	249.80	−0.069%	$1.1M	$449K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	249.97	−0.001%	$591K	$703K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.61	+0.255%	$309K	$440K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.12	+0.060%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.39	+0.167%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.43	+0.183%	$6K	$7K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	250.05	+0.031%	$1.5M	$213K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.41	+0.173%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.90	−0.029%	$893K	$681K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0054%	8h	250.25	+0.111%	$966	$124K	10x	as long as short
QFEX CRWD-USD	+0.0064%	1h	250.23	+0.103%	$1.2M	$2.7M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.97	−0.001%	$34K	$244K	20x	as long as short
Phoenix CRWD	+0.0286%	1h	250.22	+0.099%	$8	$106K	10x	as long as short
Paragon para:CRWD	+0.0388%	1h	250.04	+0.027%	$84K	$108K	10x	as long as short