Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.030%

Price spread now: Bybit against Extended+0.006%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 Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.271%−$27 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRWD_24_5-USD	249.03	0.0048	pay 0.0006% / 1h	12m 49s	$99K	—	10x
Short	Bybit CRWDUSDT	249.04	0	get 0.0000% / 8h	5h 12m	$1.1M	$530K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$10.08
Price spread: +0.006% → 0.000%: $0.6
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.48
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	6.23 bp	47.2 bp −$47	202.9 bp −$2,029	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
Injective CRWD/USDC PERP	−0.0220%	1h	240.64	−3.367%	$21K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.09	+0.026%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.26	+0.095%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDTshort	0.0000%	8h	249.04	+0.006%	$1.1M	$530K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	249.25	+0.090%	$601K	$651K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.16	+0.054%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.20	+0.071%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.18	+0.062%	$1K	$112K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.26	+0.094%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.40	+0.151%	$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	+0.102%	$1.5M	$191K	10x	as long as short
BloFin CRWD-USDT	+0.0027%	8h	249.37	+0.139%	$73K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0046%	1h	249.15	+0.050%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USDlong	+0.0048%	1h	249.03	long leg	$99K	—	10x
tradeXYZ xyz:CRWD	+0.0050%	1h	249.03	+0.002%	$868K	$624K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.08	+0.022%	$34K	$430K	20x	as long as short
Paragon para:CRWD	+0.0284%	1h	248.73	−0.118%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0289%	1h	249.10	+0.030%	$6	$106K	10x	as long as short