Funding arb · Price arb /

CRWD

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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 +0.015%

Price spread now: Aster against Bybit+0.039%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.039% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it 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	Bybit CRWDUSDT	249.10	0	get 0.0000% / 8h	6h 18m	$1.2M	$533K	25x
Short	Aster CRWDUSDT	249.20	0	get 0.0000% / 8h	6h 18m	$4K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → 0.000%: $3.95
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.05
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Aster: no order-book sample. 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 Bybit live order book, 2 min ago	5.82 bp	41.8 bp −$42	193.6 bp −$1,936	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 17 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	239.49	−3.858%	$21K	$19K	12x	as long as short
Aster CRWDUSDTshort	0.0000%	8h	249.20	+0.039%	$4K	$37K	20x
Binance CRWDUSDT	0.0000%	8h	249.25	+0.060%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDTlong	0.0000%	8h	249.10	long leg	$1.2M	$533K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	249.05	−0.020%	$615K	$617K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.06	−0.016%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.33	+0.092%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.11	+0.003%	$790	$110K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.29	+0.076%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.42	+0.128%	$6K	$7K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	249.25	+0.060%	$1.5M	$190K	10x	as long as short
QFEX CRWD-USD	+0.0023%	1h	248.91	−0.076%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.02	−0.032%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.10	0.000%	$868K	$632K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.15	+0.020%	$34K	$468K	20x	as long as short
Phoenix CRWD	+0.0257%	1h	249.24	+0.056%	$6	$106K	10x	as long as short
Paragon para:CRWD	+0.0293%	1h	248.90	−0.079%	$84K	$108K	10x	as long as short