Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h +0.049%

Price spread now: Paragon against Binance−0.042%7-day average +0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$980.981% of the position

Long on Binance Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 2 days (all we have)+0.198%+$20 · spread now −0.042%, 7d avg +0.079%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paragon is 0.121% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.079%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRWDUSDT	249.44	0	get 0.0000% / 8h	7h 51m	$2.4M	$6.8M	25x
Short	Paragon para:CRWD	249.34	−0.0073	pay 0.0009% / 1h	51m 19s	$84K	$113K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon 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 ParagonbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$15.37
Price spread: −0.042% → +0.079%: −$12.09
Slippage, 4 orders: −$78.09
Fee Binance: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$125.55
Costs to cover: 0.981%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Paragon: live order book, 4 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, 3 min ago	1.20 bp	18.0 bp −$18	73.7 bp −$737	207.4 bp −$20.7K	doesn't fit
Sell Paragon live order book, 4 min ago	5.01 bp	45.0 bp −$45	doesn't fit	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:CRWDshort	−0.0073%	1h	249.34	−0.042%	$84K	$113K	10x
BloFin CRWD-USDT	−0.0005%	8h	249.55	+0.044%	$72K	$25K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.25	−0.074%	$4K	$37K	20x	as long as short
Binance CRWDUSDTlong	0.0000%	8h	249.44	long leg	$2.4M	$6.8M	25x
Bybit CRWDUSDT	0.0000%	8h	249.35	−0.036%	$1.2M	$665K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.02	−0.168%	$620K	$632K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.19	−0.100%	$292K	$417K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.27	−0.070%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	249.51	+0.028%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.66	+0.088%	$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	249.62	+0.072%	$1.5M	$197K	10x	as long as short
QFEX CRWD-USD	+0.0030%	1h	249.70	+0.104%	$1.2M	$3.0M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.10	−0.136%	$99K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.54	+0.040%	$35K	$469K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	238.48	−4.394%	$21K	$19K	12x	as long as short
Phoenix CRWD	+0.0321%	1h	249.28	−0.064%	$308	$140K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0521%	8h	249.35	−0.034%	$845	$108K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0600%	1h	249.18	−0.104%	$866K	$655K	10x	as long as short