Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h −0.003%

Price spread now: KuCoin against Injective+1.898%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 KuCoin

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 +$10 a day on $10k at the current rate, and KuCoin is 1.898% dearer against Injective than usual: you sell high and buy low: +$190 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	4m 43s	$22K	$20K	12x
Short	KuCoin CRWDUSDTM	250.68	0.0100	get 0.0100% / 8h	4m 43s	$34K	$254K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +1.898%Rate

Funding earned: $67.2
Price spread: +1.898% → 0.000%: $189.83
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $245.01
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 27 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 27 min ago	14.76 bp	108.9 bp −$109	doesn't fit	doesn't fit	doesn't fit

Injective: 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
BloFin CRWD-USDT	−0.0007%	8h	250.70	+1.906%	$70K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.68	+1.898%	$4K	$35K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.87	+1.976%	$2.5M	$7.3M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.59	+1.862%	$1.2M	$440K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.56	+1.850%	$545K	$766K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.56	+1.850%	$305K	$411K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.80	+1.946%	$68K	$56K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.70	+1.906%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.98	+2.020%	$6K	$7K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	250.85	+1.967%	$1.5M	$221K	10x	as long as short
QFEX CRWD-USD	+0.0017%	1h	250.85	+1.967%	$1.2M	$2.7M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.60	+1.868%	$100K	—	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0052%	8h	250.74	+1.923%	$1K	$124K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0090%	1h	250.69	+1.902%	$893K	$676K	10x	as long as short
KuCoin CRWDUSDTMshort	+0.0100%	8h	250.68	+1.898%	$34K	$254K	20x
Phoenix CRWD	+0.0128%	1h	250.49	+1.821%	$3	$121K	10x	as long as short
Paragon para:CRWD	+0.0392%	1h	250.60	+1.866%	$85K	$108K	10x	as long as short