Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against Binance−0.077%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.077% cheaper against Binance than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5.3 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	Binance CRWDUSDT	249.07	0	get 0.0000% / 8h	6h 44m	$2.4M	$6.7M	25x
Short	Extended CRWD_24_5-USD	248.88	0.0048	get 0.0006% / 1h	44m 47s	$99K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.077%Rate

Funding earned: $10.08
Price spread: −0.077% → 0.000%: −$7.7
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.62
Costs to cover: 0.150%
Break-even: 15.8 days

Slippage unknown: Binance: live order book, 9 min ago; 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 Binance live order book, 9 min ago	2.41 bp	15.8 bp −$16	57.8 bp −$578	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

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	239.49	−3.845%	$21K	$19K	12x	as long as short
BloFin CRWD-USDT	−0.0017%	8h	249.12	+0.021%	$73K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.07	+0.002%	$4K	$37K	20x	as long as short
Binance CRWDUSDTlong	0.0000%	8h	249.07	long leg	$2.4M	$6.7M	25x
Bybit CRWDUSDT	0.0000%	8h	248.93	−0.055%	$1.2M	$559K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.02	−0.019%	$615K	$616K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	248.98	−0.035%	$291K	$417K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.08	+0.006%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.09	+0.008%	$1K	$109K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.13	+0.025%	$2K	$1.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	249.22	+0.062%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.08	+0.005%	$1.5M	$191K	10x	as long as short
QFEX CRWD-USD	+0.0023%	1h	249.03	−0.015%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USDshort	+0.0048%	1h	248.88	−0.077%	$99K	—	10x
tradeXYZ xyz:CRWD	+0.0050%	1h	248.92	−0.059%	$867K	$632K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.06	−0.003%	$35K	$473K	20x	as long as short
Paragon para:CRWD	+0.0215%	1h	248.97	−0.039%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0257%	1h	249.03	−0.015%	$4	$106K	10x	as long as short