Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: tradeXYZ against Bybit+0.008%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1801.799% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.008%, 7d avg +0.015%

Together, before fees−0.136%+ Points / potential airdroptradeXYZ: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRWDUSDT	249.99	0	get 0.0000% / 8h	6h 01m	$1.1M	$475K	25x
Short	tradeXYZ xyz:CRWD	250.01	0.0050	get 0.0006% / 1h	1m 54s	$896K	$701K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.008%Rate

Funding earned: $10.5
Price spread: +0.008% → +0.015%: −$0.65
Slippage, 4 orders: −$150.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$170.07
Costs to cover: 1.799%
Break-even: 120.4 days

Slippage from Bybit: live order book, 2 min ago; tradeXYZ: live order book, 41 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	3.40 bp	23.6 bp −$24	264.0 bp −$2,640	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 41 min ago	3.19 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit

CRWD on 18 exchanges

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	251.56	+0.628%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0027%	8h	250.28	+0.116%	$71K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.18	+0.078%	$4K	$36K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.24	+0.099%	$2.5M	$7.5M	25x	as long as short
Bybit CRWDUSDTlong	0.0000%	8h	249.99	long leg	$1.1M	$475K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	250.21	+0.088%	$550K	$785K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.18	+0.076%	$305K	$409K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.51	+0.206%	$71K	$55K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.65	+0.266%	$1K	$123K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	250.37	+0.152%	$2K	$1.1M	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	250.42	+0.172%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	250.23	+0.096%	$1.5M	$235K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.89	−0.039%	$99K	$200	10x	as long as short
tradeXYZ xyz:CRWDshort	+0.0050%	1h	250.01	+0.008%	$896K	$701K	10x
QFEX CRWD-USD	+0.0061%	1h	250.24	+0.100%	$1.2M	$2.7M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.22	+0.092%	$36K	$373K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.39	+0.160%	$4	$120K	10x	as long as short
Paragon para:CRWD	+0.0144%	1h	250.04	+0.020%	$84K	$108K	10x	as long as short