CRWD

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.045%

Price spread now: Bybit against KuCoin−0.140%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$653as in the Funding arb table

Net, price: spread back to 7d avg − costs−$614as in the Price arb table

costs, in and out, $10k−$6116.108% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.417%−$42 on $10k

Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.140%, 7d avg −0.108%

Together, before fees−0.196%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.108%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRWDUSDTM	249.85	0.0100	pay 0.0100% / 8h	3h 18m	$34K	$331K	20x
Short	Bybit CRWDUSDT	249.50	0	get 0.0000% / 8h	3h 18m	$1.1M	$530K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$21
Price spread: −0.140% → −0.108%: −$3.2
Slippage, 4 orders: −$587.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$635.03
Costs to cover: 6.108%
Break-even: never at this rate

Slippage from KuCoin: live order book, 53 min ago; Bybit: live order book, 2 min ago.

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 KuCoin live order book, 53 min ago	14.05 bp	324.0 bp −$324	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.01 bp	77.2 bp −$77	206.1 bp −$2,061	doesn't fit	doesn't fit

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 PERP	−0.0220%	1h	245.36	−1.797%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0030%	8h	249.68	−0.068%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.69	−0.065%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.77	−0.032%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDTshort	0.0000%	8h	249.50	−0.140%	$1.1M	$530K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	249.80	−0.020%	$598K	$670K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.14	−0.284%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.78	−0.030%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.82	−0.013%	$677	$117K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.62	−0.092%	$1K	$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	249.94	+0.036%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.82	−0.012%	$1.5M	$196K	10x	as long as short
QFEX CRWD-USD	+0.0024%	1h	249.71	−0.056%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.64	−0.082%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.68	−0.068%	$864K	$629K	10x	as long as short
KuCoin CRWDUSDTMlong	+0.0100%	8h	249.85	long leg	$34K	$331K	20x
Paragon para:CRWD	+0.0275%	1h	249.64	−0.084%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0353%	1h	249.83	−0.008%	$2	$106K	10x	as long as short