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 +0.051%

Price spread now: Binance against Bybit+0.120%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1331.327% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 2 days (all we have)−0.175%−$18 · spread now +0.120%, 7d avg +0.013%

Together, before fees−0.042%−$4 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: Binance is 0.108% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRWDUSDT	249.25	0	get 0.0000% / 8h	7h 54m	$1.2M	$665K	25x
Short	Binance CRWDUSDT	249.55	0	get 0.0000% / 8h	7h 54m	$2.4M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.120%Rate

Funding earned: $0
Price spread: +0.120% → +0.013%: $10.78
Slippage, 4 orders: −$111.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$121.96
Costs to cover: 1.327%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 15 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 Bybit live order book, 2 min ago	5.02 bp	40.4 bp −$40	192.5 bp −$1,925	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.61 bp	10.4 bp −$10	44.8 bp −$448	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	−0.0236%	1h	249.18	−0.026%	$84K	$113K	10x	as long as short
BloFin CRWD-USDT	−0.0008%	8h	249.55	+0.120%	$72K	$25K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.42	+0.067%	$4K	$37K	20x	as long as short
Binance CRWDUSDTshort	0.0000%	8h	249.55	+0.120%	$2.4M	$6.8M	25x
Bybit CRWDUSDTlong	0.0000%	8h	249.25	long leg	$1.2M	$665K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	249.20	−0.020%	$620K	$643K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.26	+0.004%	$292K	$417K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.70	+0.181%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	249.57	+0.128%	$2K	$1.3M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.66	+0.164%	$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	+0.120%	$1.5M	$197K	10x	as long as short
QFEX CRWD-USD	+0.0030%	1h	249.43	+0.072%	$1.2M	$3.0M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.31	+0.026%	$99K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.61	+0.144%	$35K	$470K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	248.72	−0.213%	$22K	$19K	12x	as long as short
Phoenix CRWD	+0.0257%	1h	249.48	+0.092%	$3	$140K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0441%	8h	249.41	+0.063%	$581	$108K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0750%	1h	249.28	+0.012%	$866K	$655K	10x	as long as short