CRWD

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0178%/8h= −19.4% APRnext payment −$1.78 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.115%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1601.599% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.115%, 7d avg −0.033%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.082% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRWDUSDT	250.50	0	get 0.0000% / 8h	7h 47m	$2.5M	$7.3M	25x
Short	Bybit CRWDUSDT	250.21	−0.0178	pay 0.0178% / 8h	7h 47m	$1.1M	$439K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$37.28
Price spread: −0.115% → −0.033%: −$8.24
Slippage, 4 orders: −$138.87
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$205.39
Costs to cover: 1.599%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 3 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, 6 min ago	2.40 bp	16.6 bp −$17	44.8 bp −$448	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.60 bp	80.8 bp −$81	214.0 bp −$2,140	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
Paragon para:CRWD	−0.0325%	1h	250.36	−0.055%	$84K	$108K	10x	as long as short
Injective CRWD/USDC PERP	−0.0220%	1h	247.18	−1.325%	$22K	$20K	12x	as long as short
Bybit CRWDUSDTshort	−0.0178%	8h	250.21	−0.115%	$1.1M	$439K	25x
BloFin CRWD-USDT	−0.0016%	8h	250.58	+0.033%	$70K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.25	−0.099%	$4K	$35K	20x	as long as short
Binance CRWDUSDTlong	0.0000%	8h	250.50	long leg	$2.5M	$7.3M	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	250.54	+0.017%	$542K	$773K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.42	−0.031%	$305K	$411K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.59	+0.036%	$68K	$56K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.42	−0.033%	$641	$123K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CRWD-USDT	0.0000%	8h	250.41	−0.035%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.57	+0.029%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	250.47	−0.011%	$1.5M	$225K	10x	as long as short
QFEX CRWD-USD	+0.0030%	1h	250.49	−0.003%	$1.2M	$2.7M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.37	−0.051%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	250.37	−0.051%	$892K	$676K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.50	+0.001%	$34K	$257K	20x	as long as short
Phoenix CRWD	+0.0255%	1h	250.48	−0.007%	$6	$120K	10x	as long as short