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: SunX against Bybit+0.168%46s7-day average +0.030% · you sell dearer than you buy

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.168%, 7d avg +0.030%

Together, before fees−0.002%$0 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: SunX is 0.137% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.030%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRWDUSDT	250.30	0	get 0.0000% / 8h	50m 33s	$1.1M	$450K	25x
Short	SunX CRWD-USDT	250.72	0	get 0.0000% / 8h	50m 33s	$2K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.168%Rate

Funding earned: $0
Price spread: +0.168% → +0.030%: $13.75
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$5.25
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; SunX: 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 Bybit live order book, 5 min ago	6.20 bp	130.5 bp −$130	237.0 bp −$2,370	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	500.17 bp	doesn't fit	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	246.01	−1.714%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0004%	8h	250.21	−0.036%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.50	+0.080%	$4K	$35K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.68	+0.152%	$2.5M	$7.3M	25x	as long as short
Bybit CRWDUSDTlong	0.0000%	8h	250.30	long leg	$1.1M	$450K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	250.68	+0.152%	$547K	$763K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.71	+0.164%	$306K	$442K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.64	+0.136%	$68K	$60K	—	as long as short
SunX CRWD-USDTshort	0.0000%	8h	250.72	+0.168%	$2K	$1.1M	10x
HTX CRWD-USDT	0.0000%	8h	250.20	−0.040%	$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	250.63	+0.132%	$1.5M	$219K	10x	as long as short
QFEX CRWD-USD	+0.0017%	1h	250.53	+0.092%	$1.2M	$2.7M	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0032%	8h	250.08	−0.087%	$985	$124K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.31	+0.004%	$100K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.39	+0.036%	$34K	$237K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.25	−0.020%	$3	$121K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0160%	1h	250.57	+0.108%	$894K	$682K	10x	as long as short
Paragon para:CRWD	+0.0368%	1h	250.39	+0.036%	$84K	$108K	10x	as long as short