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: Aster against Phemex−0.078%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.078% cheaper against Phemex than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex CRWDUSDT	249.32	0	get 0.0000% / 8h	5h 09m	$1.5M	$191K	10x
Short	Aster CRWDUSDT	249.13	0	get 0.0000% / 8h	5h 09m	$4K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → 0.000%: −$7.79
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.79
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 4 min ago; Aster: 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 Phemex live order book, 4 min ago	2.61 bp	54.4 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	240.64	−3.481%	$21K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0008%	8h	249.35	+0.012%	$73K	$24K	25x	as long as short
Aster CRWDUSDTshort	0.0000%	8h	249.13	−0.078%	$4K	$37K	20x
Binance CRWDUSDT	0.0000%	8h	249.28	−0.016%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.06	−0.104%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.25	−0.028%	$601K	$651K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.16	−0.064%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.20	−0.048%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.20	−0.048%	$1K	$112K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.23	−0.036%	$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	249.69	+0.148%	$6K	$7K	20x	as long as short
Phemex CRWDUSDTlong	0.0000%	8h	249.32	long leg	$1.5M	$191K	10x
QFEX CRWD-USD	+0.0046%	1h	249.17	−0.060%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.05	−0.108%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.98	−0.136%	$867K	$623K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.09	−0.092%	$34K	$428K	20x	as long as short
Paragon para:CRWD	+0.0283%	1h	248.73	−0.237%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0289%	1h	249.17	−0.060%	$4	$106K	10x	as long as short