Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.070%

Price spread now: HTX against Paragon+0.153%7-day average — · you sell dearer than you buy

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

Long on Paragon Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.153% dearer against Paragon than usual: you sell high and buy low (spread +0.153% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:CRWD	250.30	0.0148	pay 0.0019% / 1h	9m 47s	$85K	$108K	10x
Short	HTX CRWD-USDT	250.68	0	get 0.0000% / 8h	6h 09m	$6K	$7K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Paragon. 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 ParagonbpFee HTXbpOrdersPrice spread, now +0.153%Rate

Funding earned: −$31.11
Price spread: +0.153% → 0.000%: $15.26
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$37.85
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 32 min ago; HTX: 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 Paragon live order book, 32 min ago	5.18 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 exchanges

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	251.56	+0.504%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0029%	8h	250.54	+0.097%	$71K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.50	+0.079%	$4K	$36K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.54	+0.099%	$2.5M	$7.5M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.38	+0.033%	$1.1M	$474K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.44	+0.057%	$551K	$780K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.39	+0.037%	$305K	$409K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.44	+0.056%	$71K	$55K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.55	+0.101%	$1K	$123K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	250.47	+0.069%	$2K	$1.1M	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDTshort	0.0000%	8h	250.68	+0.153%	$6K	$7K	20x
Phemex CRWDUSDT	0.0000%	8h	250.61	+0.125%	$1.5M	$233K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.30	+0.001%	$100K	$200	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	250.32	+0.009%	$897K	$701K	10x	as long as short
QFEX CRWD-USD	+0.0061%	1h	250.49	+0.077%	$1.2M	$2.7M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.58	+0.113%	$36K	$363K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.45	+0.061%	$7	$120K	10x	as long as short
Paragon para:CRWDlong	+0.0148%	1h	250.30	long leg	$85K	$108K	10x