Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against Bitget−0.169%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1361.356% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now −0.169%, 7d avg −0.031%

Together, before fees+0.284%+ Points / potential airdropExtended: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.138% cheaper against Bitget than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of −0.031%). If the spread goes back, that is −$14 on $10k: about 9.6 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	Bitget CRWDUSDT	250.86	0	get 0.0000% / 8h	1h 31m	$314K	$436K	20x
Short	Extended CRWD_24_5-USD	250.44	0.0048	get 0.0006% / 1h	31m 35s	$100K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.169%Rate

Funding earned: $10.08
Price spread: −0.169% → −0.031%: −$13.81
Slippage, 4 orders: −$118.6
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$139.33
Costs to cover: 1.356%
Break-even: 103.8 days

Slippage from Bitget: live order book, 8 min ago; Extended: live order book, 2 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, 8 min ago	18.14 bp	26.9 bp −$27	35.3 bp −$353	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	33.73 bp	36.2 bp −$36	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
Injective CRWD/USDC PERP	−0.0220%	1h	244.15	−2.675%	$21K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0005%	8h	250.58	−0.112%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.61	−0.099%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.60	−0.104%	$2.5M	$7.1M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.39	−0.187%	$1.1M	$556K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.59	−0.108%	$593K	$702K	25x	as long as short
Bitget CRWDUSDTlong	0.0000%	8h	250.86	long leg	$314K	$436K	20x
Variational Omni CRWD	0.0000%	8h	250.64	−0.087%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.84	−0.008%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.56	−0.120%	$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	250.67	−0.076%	$1.5M	$210K	10x	as long as short
Extended CRWD_24_5-USDshort	+0.0048%	1h	250.44	−0.169%	$100K	—	10x
tradeXYZ xyz:CRWD	+0.0050%	1h	250.36	−0.199%	$892K	$676K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0050%	8h	250.71	−0.062%	$775	$124K	10x	as long as short
QFEX CRWD-USD	+0.0064%	1h	250.55	−0.124%	$1.2M	$2.7M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.53	−0.132%	$34K	$262K	20x	as long as short
Phoenix CRWD	+0.0286%	1h	250.53	−0.132%	$4	$106K	10x	as long as short
Paragon para:CRWD	+0.0380%	1h	250.28	−0.231%	$84K	$108K	10x	as long as short