Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.075%

Price spread now: Phoenix against HTX+0.020%72s7-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 Phoenix

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 72 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	250.81	0	get 0.0000% / 8h	6h 17m	$6K	$7K	20x
Short	Phoenix CRWD	250.86	0.0128	get 0.0016% / 1h	17m 58s	$2	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.020%Rate

Funding earned: $26.83
Price spread: +0.020% → 0.000%: $1.99
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $9.83
Costs to cover: 0.190%
Break-even: 4.4 days

Slippage unknown: HTX: no order-book sample; Phoenix: live order book, 26 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 Phoenix live order book, 26 min ago	2.78 bp	17.4 bp −$17	52.4 bp −$524	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 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
Injective CRWD/USDC PERP	−0.0220%	1h	251.56	+0.299%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0015%	8h	250.68	−0.052%	$71K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.62	−0.076%	$4K	$36K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.68	−0.050%	$2.5M	$7.4M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.50	−0.124%	$1.2M	$475K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.69	−0.048%	$551K	$781K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.54	−0.108%	$305K	$409K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.76	−0.020%	$71K	$55K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.87	+0.025%	$1K	$122K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	250.63	−0.072%	$2K	$1.1M	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDTlong	0.0000%	8h	250.81	long leg	$6K	$7K	20x
Phemex CRWDUSDT	0.0000%	8h	250.68	−0.052%	$1.5M	$229K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.50	−0.126%	$100K	$200	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	250.53	−0.112%	$898K	$702K	10x	as long as short
QFEX CRWD-USD	+0.0061%	1h	250.64	−0.068%	$1.2M	$2.7M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.78	−0.012%	$36K	$355K	20x	as long as short
Phoenix CRWDshort	+0.0128%	1h	250.86	+0.020%	$2	$120K	10x
Paragon para:CRWD	+0.0151%	1h	250.55	−0.103%	$85K	$108K	10x	as long as short