Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against HTX−0.138%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.138% cheaper against HTX than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 9.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CRWD-USDT	249.66	0	get 0.0000% / 8h	7h 54m	$6K	$7K	20x
Short	Extended CRWD_24_5-USD	249.31	0.0048	get 0.0006% / 1h	54m 33s	$99K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against HTX. 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 HTXbpFee ExtendedbpOrdersPrice spread, now −0.138%Rate

Funding earned: $10.08
Price spread: −0.138% → 0.000%: −$13.82
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.74
Costs to cover: 0.170%
Break-even: 21.4 days

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

HTX and 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
Paragon para:CRWD	−0.0236%	1h	249.18	−0.191%	$84K	$113K	10x	as long as short
BloFin CRWD-USDT	−0.0008%	8h	249.55	−0.044%	$72K	$25K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.35	−0.123%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.48	−0.072%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.29	−0.148%	$1.2M	$665K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.20	−0.184%	$621K	$643K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.32	−0.136%	$292K	$417K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.70	+0.017%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	249.46	−0.080%	$2K	$1.3M	10x	as long as short
HTX CRWD-USDTlong	0.0000%	8h	249.66	long leg	$6K	$7K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	249.28	−0.152%	$1.5M	$198K	10x	as long as short
QFEX CRWD-USD	+0.0030%	1h	249.43	−0.092%	$1.2M	$3.0M	10x	as long as short
Extended CRWD_24_5-USDshort	+0.0048%	1h	249.31	−0.138%	$99K	—	10x
KuCoin CRWDUSDTM	+0.0100%	8h	249.59	−0.028%	$35K	$470K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	248.72	−0.377%	$22K	$19K	12x	as long as short
Phoenix CRWD	+0.0257%	1h	249.48	−0.072%	$3	$140K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0441%	8h	249.41	−0.101%	$581	$108K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0785%	1h	249.31	−0.140%	$866K	$655K	10x	as long as short