Funding arb · Price arb /

CRWD

RWAall CRWD markets

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 0.000%

Price spread now: Bitget against Binance−0.032%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$820.820% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now −0.032%, 7d avg +0.006%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.038% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRWDUSDT	249.19	0	get 0.0000% / 8h	5h 31m	$2.4M	$6.7M	25x
Short	Bitget CRWDUSDT	249.11	0	get 0.0000% / 8h	5h 31m	$292K	$416K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → +0.006%: −$3.79
Slippage, 4 orders: −$60.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$85.81
Costs to cover: 0.820%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 28 min ago.

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 Binance live order book, 7 min ago	2.41 bp	13.6 bp −$14	47.8 bp −$478	doesn't fit	doesn't fit
Sell Bitget live order book, 28 min ago	14.24 bp	32.6 bp −$33	66.0 bp −$660	doesn't fit	doesn't fit

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	240.64	−3.431%	$21K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.97	−0.087%	$4K	$37K	20x	as long as short
Binance CRWDUSDTlong	0.0000%	8h	249.19	long leg	$2.4M	$6.7M	25x
Bybit CRWDUSDT	0.0000%	8h	248.91	−0.112%	$1.1M	$529K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.09	−0.040%	$614K	$618K	25x	as long as short
Bitget CRWDUSDTshort	0.0000%	8h	249.11	−0.032%	$292K	$416K	20x
Variational Omni CRWD	0.0000%	8h	249.17	−0.009%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.14	−0.020%	$598	$111K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.21	+0.008%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.36	+0.068%	$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	249.19	0.000%	$1.5M	$191K	10x	as long as short
BloFin CRWD-USDT	+0.0009%	8h	249.10	−0.036%	$73K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0046%	1h	249.14	−0.020%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.92	−0.108%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.89	−0.120%	$867K	$627K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.05	−0.056%	$34K	$444K	20x	as long as short
Paragon para:CRWD	+0.0281%	1h	248.65	−0.217%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0289%	1h	249.00	−0.076%	$7	$106K	10x	as long as short