Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against GRVT−0.143%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$1971.968% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.143%, 7d avg −0.015%

Together, before fees+0.095%+ Points / potential airdropGRVT: Active · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.129% cheaper against GRVT than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRWD_USDT_Perp	251.37	0	get 0.0000% / 8h	1h 57m	$608	$123K	10x
Short	Bybit CRWDUSDT	251.01	0	get 0.0000% / 8h	1h 57m	$1.2M	$549K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → −0.015%: −$12.86
Slippage, 4 orders: −$176.77
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$209.63
Costs to cover: 1.968%
Break-even: never at this rate

Slippage from GRVT: live order book, 50 min ago; Bybit: live order book, 3 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 GRVT live order book, 50 min ago	2.20 bp	25.5 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.19 bp	111.5 bp −$112	207.6 bp −$2,076	doesn't fit	doesn't fit

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	244.15	−2.872%	$21K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0005%	8h	251.64	+0.107%	$73K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	251.08	−0.115%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	251.24	−0.052%	$2.5M	$7.0M	25x	as long as short
Bybit CRWDUSDTshort	0.0000%	8h	251.01	−0.143%	$1.2M	$549K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	251.35	−0.008%	$601K	$700K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	251.02	−0.139%	$294K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	251.45	+0.033%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perplong	0.0000%	8h	251.37	long leg	$608	$123K	10x
SunX CRWD-USDT	0.0000%	8h	251.60	+0.091%	$2K	$1.1M	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	251.81	+0.175%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	251.22	−0.060%	$1.5M	$208K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.61	−0.302%	$100K	—	10x	as long as short
QFEX CRWD-USD	+0.0064%	1h	251.20	−0.068%	$1.2M	$2.6M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	251.07	−0.119%	$34K	$280K	20x	as long as short
Phoenix CRWD	+0.0160%	1h	251.26	−0.044%	$5	$106K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0190%	1h	250.90	−0.187%	$893K	$674K	10x	as long as short
Paragon para:CRWD	+0.0722%	1h	251.09	−0.112%	$85K	$108K	10x	as long as short