Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.014%

Price spread now: Extended against BloFin+0.102%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.102% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRWD-USDT	250.21	−0.0004	get 0.0004% / 8h	50m 55s	$72K	$24K	25x
Short	Extended CRWD_24_5-USD	250.47	0.0048	get 0.0006% / 1h	50m 55s	$100K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.102%Rate

Funding earned: $11.02
Price spread: +0.102% → 0.000%: $10.19
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $4.21
Costs to cover: 0.170%
Break-even: 4.3 days

Slippage unknown: BloFin: no order-book sample; Extended: live order book, 42 min ago. Net counts fees only.

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 BloFin no order-book sample	—	—	—	—	—
Sell Extended live order book, 42 min ago	33.73 bp	36.2 bp −$36	doesn't fit	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	246.01	−1.679%	$22K	$20K	12x	as long as short
BloFin CRWD-USDTlong	−0.0004%	8h	250.21	long leg	$72K	$24K	25x
Aster CRWDUSDT	0.0000%	8h	250.39	+0.073%	$4K	$35K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.64	+0.173%	$2.5M	$7.3M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.26	+0.020%	$1.1M	$450K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.68	+0.188%	$547K	$763K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.73	+0.208%	$306K	$442K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.64	+0.172%	$68K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.72	+0.204%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.20	−0.004%	$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	250.63	+0.168%	$1.5M	$219K	10x	as long as short
QFEX CRWD-USD	+0.0017%	1h	250.47	+0.104%	$1.2M	$2.7M	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0032%	8h	250.08	−0.051%	$985	$124K	10x	as long as short
Extended CRWD_24_5-USDshort	+0.0048%	1h	250.47	+0.102%	$100K	—	10x
KuCoin CRWDUSDTM	+0.0100%	8h	250.35	+0.056%	$34K	$237K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.25	+0.016%	$3	$121K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0158%	1h	250.55	+0.136%	$894K	$682K	10x	as long as short
Paragon para:CRWD	+0.0387%	1h	250.16	−0.020%	$84K	$108K	10x	as long as short