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: OKX against Bybit+0.184%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$300as in the Funding arb table

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$3133.130% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.262%−$26 · spread now +0.184%, 7d avg +0.055%

Together, before fees−0.130%−$13 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: OKX is 0.129% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRWDUSDT	250.01	0	get 0.0000% / 8h	1h 27m	$1.1M	$556K	25x
Short	OKX CRWD-USDT-SWAP	250.47	0	get 0.0000% / 8h	1h 27m	$593K	$701K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.184%Rate

Funding earned: $0
Price spread: +0.184% → +0.055%: $12.87
Slippage, 4 orders: −$292.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$300.16
Costs to cover: 3.130%
Break-even: never at this rate

Slippage from Bybit: live order book, 8 min ago; OKX: live order book, 14 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, 8 min ago	3.99 bp	114.9 bp −$115	233.1 bp −$2,331	doesn't fit	doesn't fit
Sell OKX live order book, 14 min ago	6.59 bp	52.8 bp −$53	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	244.15	−2.344%	$21K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0006%	8h	250.48	+0.188%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.18	+0.068%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.27	+0.106%	$2.5M	$7.1M	25x	as long as short
Bybit CRWDUSDTlong	0.0000%	8h	250.01	long leg	$1.1M	$556K	25x
OKX CRWD-USDT-SWAPshort	0.0000%	8h	250.47	+0.184%	$593K	$701K	25x
Bitget CRWDUSDT	0.0000%	8h	250.85	+0.336%	$314K	$436K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.52	+0.204%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.51	+0.200%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.58	+0.228%	$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	250.45	+0.176%	$1.5M	$212K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.01	+0.002%	$100K	—	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0049%	8h	250.67	+0.264%	$1K	$125K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	250.08	+0.028%	$891K	$676K	10x	as long as short
QFEX CRWD-USD	+0.0064%	1h	250.30	+0.116%	$1.2M	$2.7M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.12	+0.044%	$34K	$259K	20x	as long as short
Phoenix CRWD	+0.0286%	1h	250.30	+0.116%	$4	$106K	10x	as long as short
Paragon para:CRWD	+0.0357%	1h	249.98	−0.012%	$84K	$108K	10x	as long as short