Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0423%/8h= +46.3% APRpaid last 24h +0.051%

Price spread now: Paragon against Aster−0.057%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 Paragon

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 pays, the price is against you. Paragon is 0.057% cheaper against Aster than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRWDUSDT	248.93	0	get 0.0000% / 8h	3h 48m	$4K	$37K	20x
Short	Paragon para:CRWD	248.79	0.0423	get 0.0053% / 1h	48m 13s	$84K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon 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 ParagonbpOrdersPrice spread, now −0.057%Rate

Funding earned: $88.78
Price spread: −0.057% → 0.000%: −$5.67
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: $65.1
Costs to cover: 0.180%
Break-even: 1.9 days

Slippage unknown: Aster: no order-book sample; Paragon: live order book, 37 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 Paragon live order book, 37 min ago	2.61 bp	13.6 bp −$14	doesn't fit	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	245.36	−1.435%	$22K	$20K	12x	as long as short
Aster CRWDUSDTlong	0.0000%	8h	248.93	long leg	$4K	$37K	20x
Binance CRWDUSDT	0.0000%	8h	249.09	+0.064%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.88	−0.021%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.94	+0.004%	$596K	$666K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.10	+0.068%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	248.93	0.000%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.07	+0.054%	$501	$114K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.01	+0.032%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.25	+0.128%	$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	249.09	+0.064%	$1.5M	$194K	10x	as long as short
BloFin CRWD-USDT	+0.0004%	8h	248.94	+0.004%	$72K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0024%	1h	249.02	+0.036%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.90	−0.013%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.95	+0.008%	$861K	$627K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.97	+0.016%	$34K	$355K	20x	as long as short
Phoenix CRWD	+0.0353%	1h	249.22	+0.116%	$1	$106K	10x	as long as short
Paragon para:CRWDshort	+0.0423%	1h	248.79	−0.057%	$84K	$108K	10x