Funding arb · Price arb /

CRWD

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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: Bitget against OKX0.000%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1131.134% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now 0.000%, 7d avg −0.039%

Together, before fees+0.097%+$10 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: Bitget is 0.039% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRWD-USDT-SWAP	249.02	0	get 0.0000% / 8h	6h 47m	$615K	$616K	25x
Short	Bitget CRWDUSDT	249.02	0	get 0.0000% / 8h	6h 47m	$292K	$417K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.039%: $3.9
Slippage, 4 orders: −$91.38
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$109.48
Costs to cover: 1.134%
Break-even: never at this rate

Slippage from OKX: live order book, 19 min ago; Bitget: live order book, 18 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, 19 min ago	5.02 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 18 min ago	8.42 bp	52.3 bp −$52	77.4 bp −$774	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	239.49	−3.827%	$21K	$19K	12x	as long as short
BloFin CRWD-USDT	−0.0017%	8h	249.12	+0.040%	$73K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.04	+0.007%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.10	+0.034%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.93	−0.036%	$1.2M	$559K	25x	as long as short
OKX CRWD-USDT-SWAPlong	0.0000%	8h	249.02	long leg	$615K	$616K	25x
Bitget CRWDUSDTshort	0.0000%	8h	249.02	0.000%	$292K	$417K	20x
Variational Omni CRWD	0.0000%	8h	249.14	+0.049%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.09	+0.026%	$1K	$109K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.13	+0.044%	$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	249.34	+0.129%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.15	+0.052%	$1.5M	$191K	10x	as long as short
QFEX CRWD-USD	+0.0023%	1h	249.01	−0.004%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.82	−0.080%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.88	−0.056%	$867K	$633K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.07	+0.020%	$35K	$472K	20x	as long as short
Paragon para:CRWD	+0.0224%	1h	248.97	−0.020%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0257%	1h	249.03	+0.004%	$8	$106K	10x	as long as short