Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0043%/8h= +4.8% APRpaid last 24h +0.001%

Price spread now: QFEX against BloFin+0.016%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRWD-USDT	250.63	0.0021	pay 0.0021% / 8h	1h 40m	$72K	$24K	25x
Short	QFEX CRWD-USD	250.67	0.0064	get 0.0008% / 1h	40m 39s	$1.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $9.13
Price spread: +0.016% → 0.000%: $1.6
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$11.28
Costs to cover: 0.220%
Break-even: 15.6 days

Slippage unknown: BloFin: no order-book sample; QFEX: live order book, 2 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 QFEX live order book, 2 min ago	2.19 bp	8.8 bp −$9	15.8 bp −$158	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	244.15	−2.585%	$21K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.59	−0.018%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.68	+0.021%	$2.5M	$7.1M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.41	−0.088%	$1.1M	$554K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.44	−0.076%	$592K	$701K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.86	+0.092%	$314K	$436K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.63	0.000%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.87	+0.096%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.80	+0.068%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	250.72	+0.036%	$1.5M	$210K	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-USDTlong	+0.0021%	8h	250.63	long leg	$72K	$24K	25x
GRVT CRWD_USDT_Perp	+0.0044%	8h	250.70	+0.029%	$830	$124K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.48	−0.060%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	250.45	−0.072%	$892K	$677K	10x	as long as short
QFEX CRWD-USDshort	+0.0064%	1h	250.67	+0.016%	$1.2M	$2.6M	10x
KuCoin CRWDUSDTM	+0.0100%	8h	250.60	−0.012%	$34K	$268K	20x	as long as short
Phoenix CRWD	+0.0286%	1h	250.48	−0.060%	$4	$106K	10x	as long as short
Paragon para:CRWD	+0.0379%	1h	250.38	−0.101%	$84K	$108K	10x	as long as short