Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.2% APRpaid last 24h +0.003%

Price spread now: QFEX against Aster+0.054%7-day average — · you sell dearer than you buy

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

Long on Aster Short on QFEX

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.054% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread 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	250.44	0	get 0.0000% / 8h	6h 58m	$4K	$36K	20x
Short	QFEX CRWD-USD	250.58	0.0030	get 0.0004% / 1h	58m 44s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $6.22
Price spread: +0.054% → 0.000%: $5.41
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$6.37
Costs to cover: 0.180%
Break-even: 14.2 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 4 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 QFEX live order book, 4 min ago	2.00 bp	7.0 bp −$7	14.4 bp −$144	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	247.18	−1.303%	$22K	$20K	12x	as long as short
Aster CRWDUSDTlong	0.0000%	8h	250.44	long leg	$4K	$36K	20x
Binance CRWDUSDT	0.0000%	8h	250.75	+0.123%	$2.5M	$7.4M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.39	−0.022%	$1.1M	$424K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.63	+0.074%	$548K	$784K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.60	+0.062%	$305K	$410K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.59	+0.058%	$71K	$61K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.61	+0.066%	$917	$123K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	250.76	+0.126%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.76	+0.126%	$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	250.78	+0.134%	$1.5M	$232K	10x	as long as short
BloFin CRWD-USDT	+0.0028%	8h	250.42	−0.010%	$26K	$24K	25x	as long as short
QFEX CRWD-USDshort	+0.0030%	1h	250.58	+0.054%	$1.2M	$2.7M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	249.76	−0.272%	$99K	$200	10x	as long as short
Paragon para:CRWD	+0.0068%	1h	250.33	−0.046%	$85K	$108K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.47	+0.010%	$36K	$309K	20x	as long as short
tradeXYZ xyz:CRWD	+0.0107%	1h	250.32	−0.050%	$897K	$701K	10x	as long as short
Phoenix CRWD	+0.0255%	1h	250.52	+0.030%	$3	$119K	10x	as long as short