Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: OKX against Extended+0.030%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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 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. OKX is 0.030% dearer against Extended than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRWD_24_5-USD	248.97	0.0048	pay 0.0006% / 1h	45m 12s	$99K	—	10x
Short	OKX CRWD-USDT-SWAP	249.04	0	get 0.0000% / 8h	3h 45m	$596K	$666K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$10.08
Price spread: +0.030% → 0.000%: $3.01
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$22.07
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	4.62 bp	14.1 bp −$14	doesn't fit	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	245.36	−1.448%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.96	−0.003%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.09	+0.050%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.86	−0.042%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAPshort	0.0000%	8h	249.04	+0.030%	$596K	$666K	25x
Bitget CRWDUSDT	0.0000%	8h	249.10	+0.054%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.07	+0.043%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.03	+0.027%	$772	$116K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.00	+0.014%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.28	+0.127%	$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	249.09	+0.050%	$1.5M	$194K	10x	as long as short
BloFin CRWD-USDT	+0.0019%	8h	249.07	+0.042%	$72K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0024%	1h	249.02	+0.022%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USDlong	+0.0048%	1h	248.97	long leg	$99K	—	10x
tradeXYZ xyz:CRWD	+0.0050%	1h	248.87	−0.038%	$861K	$627K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.00	+0.014%	$34K	$353K	20x	as long as short
Phoenix CRWD	+0.0353%	1h	248.97	+0.002%	$10	$106K	10x	as long as short
Paragon para:CRWD	+0.0393%	1h	248.80	−0.066%	$84K	$108K	10x	as long as short