Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h +0.071%

Price spread now: Injective against GRVT−0.275%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Injective

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 airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 0.275% cheaper against GRVT than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRWD_USDT_Perp	249.41	0.0441	pay 0.0441% / 8h	7h 53m	$581	$108K	10x
Short	Injective CRWD/USDC PERP	248.72	0.0220	get 0.0028% / 1h	53m 53s	$22K	$19K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.275%Rate

Funding earned: −$46.41
Price spread: −0.275% → 0.000%: −$27.53
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$82.96
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 18 min ago; Injective: 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 GRVT live order book, 18 min ago	3.41 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Paragon para:CRWD	−0.0236%	1h	249.18	−0.089%	$84K	$113K	10x	as long as short
BloFin CRWD-USDT	−0.0008%	8h	249.55	+0.057%	$72K	$25K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.31	−0.038%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.41	+0.003%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.08	−0.131%	$1.2M	$665K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.20	−0.083%	$620K	$643K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.22	−0.075%	$292K	$417K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.70	+0.118%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	249.57	+0.065%	$2K	$1.3M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.66	+0.102%	$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	249.55	+0.057%	$1.5M	$197K	10x	as long as short
QFEX CRWD-USD	+0.0030%	1h	249.43	+0.009%	$1.2M	$3.0M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.95	−0.181%	$99K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.58	+0.069%	$35K	$470K	20x	as long as short
Injective CRWD/USDC PERPshort	+0.0220%	1h	248.72	−0.275%	$22K	$19K	12x
Phoenix CRWD	+0.0257%	1h	249.48	+0.029%	$3	$140K	10x	as long as short
GRVT CRWD_USDT_Perplong	+0.0441%	8h	249.41	long leg	$581	$108K	10x
tradeXYZ xyz:CRWD	+0.0750%	1h	249.28	−0.051%	$866K	$655K	10x	as long as short