Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against Aster−0.103%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 Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.103% cheaper against Aster than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 7.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRWDUSDT	249.23	0	get 0.0000% / 8h	3h 30m	$4K	$37K	20x
Short	Extended CRWD_24_5-USD	248.97	0.0048	get 0.0006% / 1h	30m 00s	$99K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.103%Rate

Funding earned: $10.08
Price spread: −0.103% → 0.000%: −$10.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$13.22
Costs to cover: 0.130%
Break-even: 16.2 days

Slippage unknown: Aster: no order-book sample; Extended: 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 Aster no order-book sample	—	—	—	—	—
Sell Extended no order-book sample	—	—	—	—	—

Aster and Extended: 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	245.36	−1.553%	$22K	$20K	12x	as long as short
Aster CRWDUSDTlong	0.0000%	8h	249.23	long leg	$4K	$37K	20x
Binance CRWDUSDT	0.0000%	8h	249.22	−0.006%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.91	−0.129%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.39	+0.064%	$597K	$668K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.07	−0.065%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.19	−0.016%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.13	−0.041%	$750	$115K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.08	−0.061%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.35	+0.047%	$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	249.28	+0.019%	$1.5M	$194K	10x	as long as short
BloFin CRWD-USDT	+0.0022%	8h	249.14	−0.037%	$72K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0024%	1h	249.13	−0.041%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USDshort	+0.0048%	1h	248.97	−0.103%	$99K	—	10x
tradeXYZ xyz:CRWD	+0.0050%	1h	248.97	−0.105%	$861K	$627K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.94	−0.117%	$34K	$340K	20x	as long as short
Paragon para:CRWD	+0.0314%	1h	248.92	−0.125%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0353%	1h	249.11	−0.049%	$8	$106K	10x	as long as short