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 0.000%

Price spread now: OKX against Bitget−0.004%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$930.927% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.004%, 7d avg +0.039%

Together, before fees−0.071%−$7 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: OKX is 0.043% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRWDUSDT	249.21	0	get 0.0000% / 8h	7h 53m	$292K	$417K	20x
Short	OKX CRWD-USDT-SWAP	249.20	0	get 0.0000% / 8h	7h 53m	$620K	$643K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.039%: −$4.3
Slippage, 4 orders: −$70.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$96.95
Costs to cover: 0.927%
Break-even: never at this rate

Slippage from Bitget: live order book, 16 min ago; OKX: live order book, 17 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, 16 min ago	10.85 bp	19.8 bp −$20	30.4 bp −$304	doesn't fit	doesn't fit
Sell OKX live order book, 17 min ago	5.63 bp	33.9 bp −$34	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:CRWD	−0.0149%	1h	249.22	+0.004%	$84K	$113K	10x	as long as short
BloFin CRWD-USDT	−0.0008%	8h	249.55	+0.136%	$72K	$25K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.31	+0.042%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.36	+0.062%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.98	−0.092%	$1.2M	$665K	25x	as long as short
OKX CRWD-USDT-SWAPshort	0.0000%	8h	249.20	−0.004%	$620K	$643K	25x
Bitget CRWDUSDTlong	0.0000%	8h	249.21	long leg	$292K	$417K	20x
Variational Omni CRWD	0.0000%	8h	249.70	+0.197%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	249.57	+0.144%	$2K	$1.3M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.66	+0.181%	$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	249.55	+0.136%	$1.5M	$197K	10x	as long as short
QFEX CRWD-USD	+0.0030%	1h	249.43	+0.088%	$1.2M	$3.0M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.95	−0.102%	$99K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.58	+0.148%	$35K	$470K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	248.72	−0.197%	$22K	$19K	12x	as long as short
Phoenix CRWD	+0.0257%	1h	249.48	+0.108%	$3	$140K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0441%	8h	249.41	+0.079%	$581	$108K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0722%	1h	249.28	+0.028%	$866K	$655K	10x	as long as short