Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.016%

Price spread now: Extended against KuCoin−0.139%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$15 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.139% cheaper against KuCoin than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRWDUSDTM	248.88	0.0100	pay 0.0100% / 8h	6h 38m	$34K	$473K	20x
Short	Extended CRWD_24_5-USD	248.53	0.0048	get 0.0006% / 1h	38m 56s	$99K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$10.92
Price spread: −0.139% → 0.000%: −$13.86
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$41.78
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 73 min ago; Extended: 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 KuCoin live order book, 73 min ago	15.63 bp	277.8 bp −$278	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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 PERP	−0.0220%	1h	239.49	−3.773%	$21K	$19K	12x	as long as short
BloFin CRWD-USDT	−0.0017%	8h	249.12	+0.096%	$73K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.85	−0.013%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	248.89	+0.005%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.72	−0.064%	$1.1M	$554K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.61	−0.108%	$614K	$615K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	248.86	−0.008%	$291K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	248.93	+0.021%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	248.96	+0.032%	$451	$109K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	248.93	+0.020%	$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	249.11	+0.092%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	248.99	+0.044%	$1.5M	$191K	10x	as long as short
QFEX CRWD-USD	+0.0023%	1h	248.81	−0.028%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USDshort	+0.0048%	1h	248.53	−0.139%	$99K	—	10x
tradeXYZ xyz:CRWD	+0.0050%	1h	248.72	−0.064%	$867K	$632K	10x	as long as short
KuCoin CRWDUSDTMlong	+0.0100%	8h	248.88	long leg	$34K	$473K	20x
Paragon para:CRWD	+0.0254%	1h	248.65	−0.094%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0257%	1h	248.97	+0.036%	$4	$106K	10x	as long as short