Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Extended+0.089%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.089% dearer against Extended than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRWD_24_5-USD	249.66	0.0048	pay 0.0006% / 1h	50m 23s	$100K	—	10x
Short	Variational Omni CRWD	249.88	0	get 0.0000% / 8h	2h 50m	$67K	$60K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.089%Rate

Funding earned: −$10.08
Price spread: +0.089% → 0.000%: $8.86
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.22
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; Variational Omni: 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 no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Extended and Variational Omni: 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	246.46	−1.282%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	0.0000%	8h	250.46	+0.320%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.87	+0.085%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.94	+0.113%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.85	+0.076%	$1.2M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.97	+0.124%	$600K	$680K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.01	+0.140%	$293K	$416K	20x	as long as short
Variational Omni CRWDshort	0.0000%	8h	249.88	+0.089%	$67K	$60K	—
GRVT CRWD_USDT_Perp	0.0000%	8h	250.29	+0.253%	$1K	$118K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.83	+0.068%	$2K	$1.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	250.09	+0.172%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.96	+0.120%	$1.5M	$202K	10x	as long as short
QFEX CRWD-USD	+0.0044%	1h	249.90	+0.096%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USDlong	+0.0048%	1h	249.66	long leg	$100K	—	10x
KuCoin CRWDUSDTM	+0.0100%	8h	250.03	+0.148%	$34K	$315K	20x	as long as short
Phoenix CRWD	+0.0160%	1h	250.21	+0.220%	$6	$106K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0380%	1h	249.92	+0.104%	$854K	$639K	10x	as long as short
Paragon para:CRWD	+0.0460%	1h	249.92	+0.104%	$84K	$108K	10x	as long as short