Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h −0.039%

Price spread now: HTX against Injective+2.670%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 HTX

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 HTX is 2.670% dearer against Injective than usual: you sell high and buy low: +$267 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	244.15	−0.0220	get 0.0028% / 1h	44m 18s	$21K	$20K	12x
Short	HTX CRWD-USDT	250.67	0	get 0.0000% / 8h	1h 44m	$6K	$7K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +2.670%Rate

Funding earned: $46.2
Price spread: +2.670% → 0.000%: $267.05
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $301.23
Costs to cover: 0.120%
Break-even: from the start

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

Injective and 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 PERPlong	−0.0220%	1h	244.15	long leg	$21K	$20K	12x
BloFin CRWD-USDT	−0.0015%	8h	250.86	+2.748%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.46	+2.585%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.65	+2.664%	$2.5M	$7.1M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.34	+2.535%	$1.2M	$552K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.44	+2.576%	$592K	$712K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.86	+2.748%	$314K	$436K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.78	+2.716%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.86	+2.748%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDTshort	0.0000%	8h	250.67	+2.670%	$6K	$7K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	250.74	+2.699%	$1.5M	$210K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0028%	8h	250.81	+2.728%	$582	$124K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.47	+2.587%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	250.47	+2.589%	$892K	$677K	10x	as long as short
QFEX CRWD-USD	+0.0064%	1h	250.61	+2.646%	$1.2M	$2.6M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.49	+2.597%	$34K	$270K	20x	as long as short
Phoenix CRWD	+0.0286%	1h	250.54	+2.617%	$1	$106K	10x	as long as short
Paragon para:CRWD	+0.0357%	1h	250.34	+2.536%	$84K	$108K	10x	as long as short