Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.017%

Price spread now: Injective against HTX+0.701%65s7-day average — · you sell dearer than you buy

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

Long on HTX 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—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.701% dearer against HTX than usual: you sell high and buy low: +$70 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CRWD-USDT	249.81	0	get 0.0000% / 8h	5h 27m	$6K	$7K	20x
Short	Injective CRWD/USDC PERP	251.56	0.0220	get 0.0028% / 1h	27m 21s	$22K	$20K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.701%Rate

Funding earned: $46.2
Price spread: +0.701% → 0.000%: $70.05
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $104.23
Costs to cover: 0.120%
Break-even: from the start

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

HTX and 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 exchanges

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
BloFin CRWD-USDT	−0.0017%	8h	249.58	−0.092%	$71K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.84	+0.010%	$4K	$36K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.96	+0.060%	$2.5M	$7.5M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.63	−0.072%	$1.1M	$475K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.97	+0.064%	$547K	$772K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.66	−0.060%	$305K	$408K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.78	−0.013%	$70K	$53K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.82	+0.003%	$1K	$124K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.93	+0.048%	$2K	$1.0M	10x	as long as short
HTX CRWD-USDTlong	0.0000%	8h	249.81	long leg	$6K	$7K	20x

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	249.92	+0.044%	$1.5M	$237K	10x	as long as short
QFEX CRWD-USD	+0.0039%	1h	249.69	−0.048%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.32	−0.194%	$99K	$200	10x	as long as short
tradeXYZ xyz:CRWD	+0.0074%	1h	249.63	−0.072%	$896K	$698K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.78	−0.012%	$36K	$409K	20x	as long as short
Paragon para:CRWD	+0.0107%	1h	249.60	−0.084%	$84K	$108K	10x	as long as short
Injective CRWD/USDC PERPshort	+0.0220%	1h	251.56	+0.701%	$22K	$20K	12x
Phoenix CRWD	+0.0256%	1h	249.45	−0.144%	$3	$120K	10x	as long as short