Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0329%/8h= +36.1% APRpaid last 24h +0.060%

Price spread now: Paragon against HTX−0.168%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 Paragon

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—needs both histories

Funding pays, the price is against you. Paragon is 0.168% cheaper against HTX than usual: you would sell low and buy high (spread −0.168% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 41 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CRWD-USDT	251.08	0	get 0.0000% / 8h	36m 09s	$6K	$7K	20x
Short	Paragon para:CRWD	250.66	0.0329	get 0.0041% / 1h	36m 09s	$85K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon 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 ParagonbpOrdersPrice spread, now −0.168%Rate

Funding earned: $69.17
Price spread: −0.168% → 0.000%: −$16.79
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: $30.38
Costs to cover: 0.220%
Break-even: 3.9 days

Slippage unknown: HTX: no order-book sample; Paragon: live order book, 19 min ago. 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 Paragon live order book, 19 min ago	4.20 bp	35.2 bp −$35	doesn't fit	doesn't fit	doesn't fit

HTX: 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	246.01	−2.019%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.82	−0.105%	$4K	$35K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.90	−0.072%	$2.5M	$7.3M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.59	−0.195%	$1.2M	$449K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.62	−0.183%	$546K	$764K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.84	−0.096%	$306K	$443K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.79	−0.117%	$68K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.84	−0.096%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDTlong	0.0000%	8h	251.08	long leg	$6K	$7K	20x
Phemex CRWDUSDT	0.0000%	8h	250.91	−0.068%	$1.5M	$221K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWD-USD	+0.0017%	1h	250.87	−0.084%	$1.2M	$2.7M	10x	as long as short
BloFin CRWD-USDT	+0.0023%	8h	250.96	−0.048%	$70K	$24K	25x	as long as short
GRVT CRWD_USDT_Perp	+0.0033%	8h	250.82	−0.105%	$627	$125K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.74	−0.135%	$100K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.76	−0.127%	$34K	$233K	20x	as long as short
tradeXYZ xyz:CRWD	+0.0102%	1h	250.71	−0.147%	$894K	$676K	10x	as long as short
Phoenix CRWD	+0.0128%	1h	250.87	−0.084%	$3	$121K	10x	as long as short
Paragon para:CRWDshort	+0.0329%	1h	250.66	−0.168%	$85K	$108K	10x