Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h −0.033%

Price spread now: Aster against Injective+1.994%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 1.994% dearer against Injective than usual: you sell high and buy low: +$199 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CRWD/USDC PERP	246.01	−0.0220	get 0.0028% / 1h	38m 51s	$22K	$20K	12x
Short	Aster CRWDUSDT	250.92	0	get 0.0000% / 8h	38m 51s	$4K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +1.994%Rate

Funding earned: $46.2
Price spread: +1.994% → 0.000%: $199.4
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $237.58
Costs to cover: 0.080%
Break-even: from the start

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

Injective and Aster: 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 PERPlong	−0.0220%	1h	246.01	long leg	$22K	$20K	12x
Aster CRWDUSDTshort	0.0000%	8h	250.92	+1.994%	$4K	$35K	20x
Binance CRWDUSDT	0.0000%	8h	250.99	+2.025%	$2.5M	$7.3M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.73	+1.919%	$1.2M	$449K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.62	+1.874%	$546K	$764K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.91	+1.992%	$306K	$443K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.79	+1.941%	$68K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.75	+1.927%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.96	+2.012%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	250.93	+2.000%	$1.5M	$220K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CRWD-USDT	+0.0003%	8h	250.88	+1.980%	$70K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0017%	1h	250.86	+1.971%	$1.2M	$2.7M	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0035%	8h	250.74	+1.923%	$627	$125K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.84	+1.965%	$100K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.80	+1.947%	$34K	$236K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.61	+1.870%	$4	$121K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0130%	1h	250.74	+1.923%	$894K	$676K	10x	as long as short
Paragon para:CRWD	+0.0362%	1h	250.54	+1.842%	$84K	$108K	10x	as long as short