Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h 0.000%

Price spread now: QFEX against Bitget−0.044%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.044%, 7d avg −0.020%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.024% cheaper against Bitget than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of −0.020%). If the spread goes back, that is −$2 on $10k: about 44 hours 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	250.01	0	get 0.0000% / 8h	2h 50m	$293K	$416K	20x
Short	QFEX CRWD-USD	249.90	0.0044	get 0.0005% / 1h	50m 41s	$1.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $9.19
Price spread: −0.044% → −0.020%: −$2.41
Slippage, 4 orders: −$62.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$78.06
Costs to cover: 0.848%
Break-even: 66.5 days

Slippage from Bitget: live order book, 59 min ago; QFEX: 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, 59 min ago	7.02 bp	30.8 bp −$31	34.8 bp −$348	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.40 bp	9.3 bp −$9	18.1 bp −$181	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	246.46	−1.420%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	0.0000%	8h	250.46	+0.180%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.90	−0.046%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.95	−0.025%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.83	−0.072%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.97	−0.016%	$600K	$680K	25x	as long as short
Bitget CRWDUSDTlong	0.0000%	8h	250.01	long leg	$293K	$416K	20x
Variational Omni CRWD	0.0000%	8h	249.88	−0.051%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.29	+0.113%	$1K	$118K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.83	−0.072%	$2K	$1.2M	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	250.09	+0.032%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.96	−0.020%	$1.5M	$202K	10x	as long as short
QFEX CRWD-USDshort	+0.0044%	1h	249.90	−0.044%	$1.2M	$2.6M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	249.66	−0.140%	$100K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.08	+0.028%	$34K	$316K	20x	as long as short
Phoenix CRWD	+0.0160%	1h	250.21	+0.080%	$6	$106K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0391%	1h	249.92	−0.036%	$854K	$639K	10x	as long as short
Paragon para:CRWD	+0.0460%	1h	249.92	−0.036%	$84K	$108K	10x	as long as short