Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Aster against Extended+0.071%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.071% dearer against Extended than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRWD_24_5-USD	250.44	0.0048	pay 0.0006% / 1h	31m 41s	$100K	—	10x
Short	Aster CRWDUSDT	250.61	0	get 0.0000% / 8h	1h 31m	$4K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$10.08
Price spread: +0.071% → 0.000%: $7.09
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.99
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 1 min ago; Aster: no order-book sample. 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 Extended live order book, 1 min ago	33.73 bp	36.2 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−2.510%	$21K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0005%	8h	250.58	+0.058%	$72K	$24K	25x	as long as short
Aster CRWDUSDTshort	0.0000%	8h	250.61	+0.071%	$4K	$37K	20x
Binance CRWDUSDT	0.0000%	8h	250.60	+0.066%	$2.5M	$7.1M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.39	−0.018%	$1.1M	$556K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.59	+0.062%	$593K	$702K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.86	+0.170%	$314K	$436K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.64	+0.082%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.84	+0.162%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.56	+0.050%	$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	250.67	+0.094%	$1.5M	$210K	10x	as long as short
Extended CRWD_24_5-USDlong	+0.0048%	1h	250.44	long leg	$100K	—	10x
tradeXYZ xyz:CRWD	+0.0050%	1h	250.36	−0.030%	$892K	$676K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0050%	8h	250.71	+0.108%	$775	$124K	10x	as long as short
QFEX CRWD-USD	+0.0064%	1h	250.55	+0.046%	$1.2M	$2.7M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.53	+0.038%	$34K	$262K	20x	as long as short
Phoenix CRWD	+0.0286%	1h	250.53	+0.038%	$4	$106K	10x	as long as short
Paragon para:CRWD	+0.0380%	1h	250.28	−0.062%	$84K	$108K	10x	as long as short