Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Binance against Extended+0.066%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 Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

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

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

The price spread pays, funding is against you. Binance is 0.066% dearer against Extended than usual: you sell high and buy low (spread +0.066% 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 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRWD_24_5-USD	249.31	0.0048	pay 0.0006% / 1h	54m 23s	$99K	—	10x
Short	Binance CRWDUSDT	249.48	0	get 0.0000% / 8h	7h 54m	$2.4M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.066%Rate

Funding earned: −$10.08
Price spread: +0.066% → 0.000%: $6.62
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.46
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Binance: live order book, 14 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 Extended no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	1.61 bp	10.4 bp −$10	44.8 bp −$448	doesn't fit	doesn't fit

Extended: 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
Paragon para:CRWD	−0.0236%	1h	249.18	−0.052%	$84K	$113K	10x	as long as short
BloFin CRWD-USDT	−0.0008%	8h	249.55	+0.094%	$72K	$25K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.35	+0.016%	$4K	$37K	20x	as long as short
Binance CRWDUSDTshort	0.0000%	8h	249.48	+0.066%	$2.4M	$6.8M	25x
Bybit CRWDUSDT	0.0000%	8h	249.29	−0.010%	$1.2M	$665K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.20	−0.046%	$621K	$643K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.32	+0.002%	$292K	$417K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.70	+0.155%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	249.46	+0.058%	$2K	$1.3M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.66	+0.138%	$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	249.28	−0.014%	$1.5M	$198K	10x	as long as short
QFEX CRWD-USD	+0.0030%	1h	249.43	+0.046%	$1.2M	$3.0M	10x	as long as short
Extended CRWD_24_5-USDlong	+0.0048%	1h	249.31	long leg	$99K	—	10x
KuCoin CRWDUSDTM	+0.0100%	8h	249.59	+0.110%	$35K	$470K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	248.72	−0.239%	$22K	$19K	12x	as long as short
Phoenix CRWD	+0.0257%	1h	249.48	+0.066%	$3	$140K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0441%	8h	249.41	+0.037%	$581	$108K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0785%	1h	249.31	−0.002%	$866K	$655K	10x	as long as short