Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.016%

Price spread now: KuCoin against Extended+0.096%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$538as in the Funding arb table

Net, price: spread back to 7d avg − costs−$555as in the Price arb table

costs, in and out, $10k−$5525.525% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.096%, 7d avg +0.118%

Together, before fees−0.017%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.023% cheaper against Extended than usual: you would sell low and buy high (spread +0.096% now, against its 7-day average of +0.118%). If the spread goes back, that is −$2 on $10k: about 35 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRWD_24_5-USD	249.47	0.0048	pay 0.0006% / 1h	45m 56s	$99K	$200	10x
Short	KuCoin CRWDUSDTM	249.71	0.0100	get 0.0100% / 8h	5h 45m	$36K	$389K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.096%Rate

Funding earned: $10.92
Price spread: +0.096% → +0.118%: −$2.25
Slippage, 4 orders: −$535.46
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$543.79
Costs to cover: 5.525%
Break-even: 355.6 days

Slippage from Extended: live order book, 62 min ago; KuCoin: live order book, 58 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 Extended live order book, 62 min ago	13.35 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 58 min ago	12.95 bp	188.1 bp −$188	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
BloFin CRWD-USDT	−0.0017%	8h	249.57	+0.040%	$71K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.69	+0.089%	$4K	$36K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.61	+0.054%	$2.5M	$7.5M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.45	−0.008%	$1.1M	$475K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.65	+0.072%	$548K	$772K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.53	+0.024%	$305K	$409K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.59	+0.046%	$70K	$55K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.66	+0.076%	$484	$122K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.57	+0.040%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.65	+0.072%	$6K	$7K	20x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	249.69	+0.088%	$1.5M	$236K	10x	as long as short
QFEX CRWD-USD	+0.0039%	1h	249.60	+0.052%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USDlong	+0.0048%	1h	249.47	long leg	$99K	$200	10x
tradeXYZ xyz:CRWD	+0.0050%	1h	249.40	−0.028%	$894K	$697K	10x	as long as short
Paragon para:CRWD	+0.0060%	1h	249.28	−0.077%	$84K	$108K	10x	as long as short
KuCoin CRWDUSDTMshort	+0.0100%	8h	249.71	+0.096%	$36K	$389K	20x
Injective CRWD/USDC PERP	+0.0220%	1h	251.56	+0.837%	$22K	$20K	12x	as long as short
Phoenix CRWD	+0.0256%	1h	249.52	+0.020%	$6	$120K	10x	as long as short