Funding arb · Price arb /

CRWD

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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 −0.005%

Price spread now: GRVT against Bitget+0.037%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$980.978% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.037%, 7d avg +0.006%

Together, before fees−0.231%+ Points / potential airdropGRVT: Active · farm board−$23 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: GRVT is 0.031% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRWDUSDT	248.73	0	get 0.0000% / 8h	47m 03s	$291K	$490K	20x
Short	GRVT CRWD_USDT_Perp	248.82	0	get 0.0000% / 8h	47m 03s	$445	$124K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.006%: $3.11
Slippage, 4 orders: −$76.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$94.67
Costs to cover: 0.978%
Break-even: never at this rate

Slippage from Bitget: live order book, 28 min ago; GRVT: live order book, 29 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, 28 min ago	7.24 bp	35.6 bp −$36	43.7 bp −$437	doesn't fit	doesn't fit
Sell GRVT live order book, 29 min ago	3.22 bp	23.7 bp −$24	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
Aster CRWDUSDT	0.0000%	8h	248.70	−0.014%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	248.85	+0.048%	$2.4M	$7.0M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.60	−0.052%	$1.2M	$679K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.80	+0.028%	$621K	$723K	25x	as long as short
Bitget CRWDUSDTlong	0.0000%	8h	248.73	long leg	$291K	$490K	20x
Variational Omni CRWD	0.0000%	8h	248.88	+0.062%	$67K	$61K	—	as long as short
GRVT CRWD_USDT_Perpshort	0.0000%	8h	248.82	+0.037%	$445	$124K	10x
SunX CRWD-USDT	0.0000%	8h	248.83	+0.040%	$2K	$1.3M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.13	+0.161%	$6K	$8K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	248.85	+0.048%	$1.5M	$204K	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	+0.0025%	8h	248.81	+0.032%	$73K	$25K	25x	as long as short
QFEX CRWD-USD	+0.0028%	1h	248.82	+0.036%	$1.2M	$2.9M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.57	−0.066%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.68	−0.020%	$866K	$665K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.67	−0.024%	$35K	$501K	20x	as long as short
Paragon para:CRWD	+0.0196%	1h	248.62	−0.044%	$84K	$115K	10x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	251.26	+1.017%	$15K	$100	12x	as long as short
Phoenix CRWD	+0.0257%	1h	248.97	+0.096%	$4	$155K	10x	as long as short