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 +0.010%

Price spread now: GRVT against Bybit+0.065%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$204as in the Price arb table

costs, in and out, $10k−$2092.092% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.065%, 7d avg +0.015%

Together, before fees−0.017%+ Points / potential airdropGRVT: Active · farm board−$2 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: GRVT is 0.050% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRWDUSDT	250.67	0	get 0.0000% / 8h	2h 29m	$1.2M	$544K	25x
Short	GRVT CRWD_USDT_Perp	250.83	0	get 0.0000% / 8h	2h 29m	$1K	$121K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.015%: $5.03
Slippage, 4 orders: −$189.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$204.14
Costs to cover: 2.092%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; GRVT: live order book, 18 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, 1 min ago	3.19 bp	39.7 bp −$40	181.4 bp −$1,814	doesn't fit	doesn't fit
Sell GRVT live order book, 18 min ago	2.20 bp	23.7 bp −$24	doesn't fit	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	−1.679%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.79	+0.050%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.88	+0.082%	$2.5M	$7.0M	25x	as long as short
Bybit CRWDUSDTlong	0.0000%	8h	250.67	long leg	$1.2M	$544K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	250.48	−0.076%	$601K	$688K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.72	+0.020%	$293K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.86	+0.076%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perpshort	0.0000%	8h	250.83	+0.065%	$1K	$121K	10x
SunX CRWD-USDT	0.0000%	8h	250.71	+0.016%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.93	+0.104%	$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	250.89	+0.088%	$1.5M	$208K	10x	as long as short
BloFin CRWD-USDT	+0.0008%	8h	250.69	+0.008%	$73K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0044%	1h	250.85	+0.072%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.74	+0.026%	$100K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.77	+0.040%	$34K	$303K	20x	as long as short
Paragon para:CRWD	+0.0133%	1h	250.56	−0.042%	$84K	$108K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0142%	1h	250.67	0.000%	$875K	$666K	10x	as long as short
Phoenix CRWD	+0.0160%	1h	250.47	−0.080%	$8	$106K	10x	as long as short