Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h −0.055%

Price spread now: BloFin against Injective+1.441%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 BloFin

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 +$6 a day on $10k at the current rate, and BloFin is 1.441% dearer against Injective than usual: you sell high and buy low: +$144 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	245.61	−0.0220	get 0.0028% / 1h	16m 13s	$22K	$20K	12x
Short	BloFin CRWD-USDT	249.15	−0.0022	pay 0.0022% / 8h	4h 16m	$72K	$24K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +1.441%Rate

Funding earned: $41.63
Price spread: +1.441% → 0.000%: $144.13
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $173.74
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: 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 BloFin no order-book sample	—	—	—	—	—

Injective and BloFin: 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	245.61	long leg	$22K	$20K	12x
BloFin CRWD-USDTshort	−0.0022%	8h	249.15	+1.441%	$72K	$24K	25x
Aster CRWDUSDT	0.0000%	8h	249.01	+1.386%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.15	+1.440%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.94	+1.356%	$1.1M	$531K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.30	+1.502%	$600K	$658K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.14	+1.437%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.34	+1.520%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.17	+1.450%	$1K	$114K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.02	+1.388%	$2K	$1.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	249.31	+1.506%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.15	+1.441%	$1.5M	$192K	10x	as long as short
QFEX CRWD-USD	+0.0040%	1h	248.96	+1.364%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.94	+1.358%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.05	+1.401%	$864K	$626K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.06	+1.405%	$34K	$379K	20x	as long as short
Phoenix CRWD	+0.0225%	1h	249.11	+1.425%	$5	$106K	10x	as long as short
Paragon para:CRWD	+0.0365%	1h	248.87	+1.326%	$84K	$108K	10x	as long as short