Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.044%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.044%, 7d avg −0.044%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.089% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRWD-USDT-SWAP	248.98	0	get 0.0000% / 8h	3h 47m	$596K	$666K	25x
Short	Binance CRWDUSDT	249.09	0	get 0.0000% / 8h	3h 47m	$2.4M	$6.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.044%: $8.86
Slippage, 4 orders: −$46.39
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$57.53
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Binance: live order book, 6 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 OKX live order book, 4 min ago	4.62 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.21 bp	12.2 bp −$12	55.9 bp −$559	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	−1.454%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.92	−0.026%	$4K	$37K	20x	as long as short
Binance CRWDUSDTshort	0.0000%	8h	249.09	+0.044%	$2.4M	$6.7M	25x
Bybit CRWDUSDT	0.0000%	8h	248.91	−0.028%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAPlong	0.0000%	8h	248.98	long leg	$596K	$666K	25x
Bitget CRWDUSDT	0.0000%	8h	249.10	+0.048%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	248.93	−0.020%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.03	+0.021%	$772	$116K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.00	+0.008%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.25	+0.108%	$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	249.09	+0.044%	$1.5M	$194K	10x	as long as short
BloFin CRWD-USDT	+0.0012%	8h	249.08	+0.040%	$72K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0024%	1h	249.03	+0.020%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.89	−0.036%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.89	−0.036%	$861K	$627K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.95	−0.012%	$34K	$354K	20x	as long as short
Phoenix CRWD	+0.0353%	1h	248.97	−0.004%	$9	$106K	10x	as long as short
Paragon para:CRWD	+0.0423%	1h	248.79	−0.076%	$84K	$108K	10x	as long as short