Settings8H · net · $10k
Funding arb · Price arb /

CRWD

RWAall CRWD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h +0.056%
Price spread now: Paragon against OKX+0.072%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1411.409% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.150%−$15 on $10k
Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.072%, 7d avg +0.043%
Together, before fees−0.145%−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Paragon is 0.029% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.043%. Mind the row above: over the last 7 days funding on this pair cost −0.150%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX CRWD-USDT-SWAP249.980get 0.0000% / 8h55m 38s$591K$703K25x
ShortParagon para:CRWD250.160.0223get 0.0028% / 1h55m 38s$84K$108K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paragon 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

Funding earned
$46.86
Price spread: +0.072% → +0.043%
$2.94
Slippage, 4 orders
−$120.87
Fee OKX: 5 bp × 2 orders
−$10
Fee Paragon: 5 bp × 2 orders
−$10
Net
−$91.08
Costs to cover
1.409%
Break-even
20.6 days
Slippage from OKX: live order book, 45 min ago; Paragon: live order book, 70 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 45 min ago6.59 bp32.0 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell Paragon live order book, 70 min ago2.79 bp24.2 bp −$24119.0 bp −$1,190doesn't fitdoesn't fit

CRWD on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective CRWD/USDC PERP−0.0220%1h246.01−1.588%$22K$20K12xas long as short
Aster CRWDUSDT0.0000%8h250.12+0.055%$4K$35K20xas long as short
Binance CRWDUSDT0.0000%8h250.10+0.048%$2.5M$7.3M25xas long as short
Bybit CRWDUSDT0.0000%8h250.02+0.016%$1.1M$449K25xas long as short
OKX CRWD-USDT-SWAPlong0.0000%8h249.98long leg$591K$703K25x
Bitget CRWDUSDT0.0000%8h250.46+0.192%$305K$442K20xas long as short
Variational Omni CRWD0.0000%8h250.09+0.043%$68K$60Kas long as short
SunX CRWD-USDT0.0000%8h250.17+0.076%$2K$1.1M10xas long as short
HTX CRWD-USDT0.0000%8h250.29+0.124%$6K$7K20xas long as short
Phemex CRWDUSDT0.0000%8h250.10+0.048%$1.5M$218K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin CRWD-USDT+0.0016%8h250.20+0.088%$72K$24K25xas long as short
QFEX CRWD-USD+0.0017%1h250.10+0.048%$1.2M$2.7M10xas long as short
GRVT CRWD_USDT_Perp+0.0037%8h250.11+0.052%$985$124K10xas long as short
Extended CRWD_24_5-USD+0.0048%1h250.02+0.016%$100K10xas long as short
KuCoin CRWDUSDTM+0.0100%8h250.11+0.052%$34K$240K20xas long as short
tradeXYZ xyz:CRWD+0.0104%1h250.03+0.020%$893K$681K10xas long as short
Paragon para:CRWDshort+0.0223%1h250.16+0.072%$84K$108K10x
Phoenix CRWD+0.0286%1h250.48+0.200%$3$121K10xas long as short