Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget+0.059%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

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

costs, in and out, $10k−$970.973% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 2 days (all we have)−0.198%−$20 · spread now +0.059%, 7d avg −0.049%

Together, before fees−0.251%−$25 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: Binance is 0.108% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRWDUSDT	248.56	0	get 0.0000% / 8h	2h 20m	$291K	$502K	20x
Short	Binance CRWDUSDT	248.71	0	get 0.0000% / 8h	2h 20m	$2.4M	$7.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.049%: $10.78
Slippage, 4 orders: −$75.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$86.48
Costs to cover: 0.973%
Break-even: never at this rate

Slippage from Bitget: live order book, 64 min ago; Binance: 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 Bitget live order book, 64 min ago	11.64 bp	18.6 bp −$19	28.0 bp −$280	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.62 bp	21.2 bp −$21	61.7 bp −$617	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
Aster CRWDUSDT	0.0000%	8h	248.71	+0.061%	$4K	$37K	20x	as long as short
Binance CRWDUSDTshort	0.0000%	8h	248.71	+0.059%	$2.4M	$7.3M	25x
Bybit CRWDUSDT	0.0000%	8h	248.47	−0.036%	$1.1M	$723K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.47	−0.036%	$624K	$731K	25x	as long as short
Bitget CRWDUSDTlong	0.0000%	8h	248.56	long leg	$291K	$502K	20x
Variational Omni CRWD	0.0000%	8h	248.69	+0.051%	$67K	$61K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	248.63	+0.029%	$783	$132K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	248.65	+0.036%	$2K	$1.5M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	248.81	+0.101%	$6K	$9K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	248.66	+0.040%	$1.5M	$223K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CRWD-USDT	+0.0013%	8h	248.71	+0.060%	$73K	$26K	25x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.45	−0.044%	$99K	—	10x	as long as short
QFEX CRWD-USD	+0.0049%	1h	248.63	+0.028%	$1.2M	$2.7M	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.51	−0.020%	$867K	$696K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.91	+0.141%	$35K	$556K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	251.26	+1.086%	$15K	$103	12x	as long as short
Phoenix CRWD	+0.0385%	1h	248.70	+0.056%	$5	$168K	10x	as long as short
Paragon para:CRWD	+0.0392%	1h	248.57	+0.004%	$84K	$160K	10x	as long as short