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 −0.051%

Price spread now: Bybit against Bitget+0.153%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$2122.123% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.153%, 7d avg −0.015%

Together, before fees−0.290%−$29 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: Bybit is 0.168% dearer against Bitget than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRWDUSDT	249.06	0	get 0.0000% / 8h	7h 58m	$292K	$416K	20x
Short	Bybit CRWDUSDT	249.44	0	get 0.0000% / 8h	7h 58m	$1.2M	$666K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.153%Rate

Funding earned: $0
Price spread: +0.153% → −0.015%: $16.79
Slippage, 4 orders: −$189.28
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$195.48
Costs to cover: 2.123%
Break-even: never at this rate

Slippage from Bitget: live order book, 11 min ago; Bybit: live order book, 7 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, 11 min ago	10.85 bp	19.8 bp −$20	30.4 bp −$304	doesn't fit	doesn't fit
Sell Bybit live order book, 7 min ago	6.23 bp	124.2 bp −$124	238.5 bp −$2,385	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	−0.0445%	1h	249.42	+0.145%	$84K	$113K	10x	as long as short
BloFin CRWD-USDT	−0.0023%	8h	248.97	−0.036%	$72K	$25K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.44	+0.151%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.64	+0.233%	$2.4M	$6.9M	25x	as long as short
Bybit CRWDUSDTshort	0.0000%	8h	249.44	+0.153%	$1.2M	$666K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	249.44	+0.153%	$621K	$648K	25x	as long as short
Bitget CRWDUSDTlong	0.0000%	8h	249.06	long leg	$292K	$416K	20x
Variational Omni CRWD	0.0000%	8h	248.99	−0.030%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.02	−0.016%	$884	$108K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.01	−0.020%	$2K	$1.3M	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	249.62	+0.225%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.53	+0.189%	$1.5M	$198K	10x	as long as short
QFEX CRWD-USD	+0.0028%	1h	249.52	+0.185%	$1.2M	$3.0M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.74	−0.130%	$99K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.23	+0.068%	$35K	$473K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	251.58	+1.012%	$13K	$101	12x	as long as short
Phoenix CRWD	+0.0257%	1h	248.97	−0.036%	$7	$140K	10x	as long as short
tradeXYZ xyz:CRWD	+0.1144%	1h	249.06	0.000%	$865K	$654K	10x	as long as short