Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against Phemex−0.097%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 Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.097% cheaper against Phemex than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex CRWDUSDT	248.83	0	get 0.0000% / 8h	17m 54s	$1.5M	$199K	10x
Short	Extended CRWD_24_5-USD	248.59	0.0048	get 0.0006% / 1h	17m 54s	$99K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.097%Rate

Funding earned: $10.08
Price spread: −0.097% → 0.000%: −$9.71
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.63
Costs to cover: 0.170%
Break-even: 18.5 days

Slippage unknown: Phemex: live order book, 5 min ago; Extended: 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, 5 min ago	4.22 bp	46.0 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
Aster CRWDUSDT	0.0000%	8h	248.76	−0.026%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	248.83	0.000%	$2.4M	$6.9M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.64	−0.076%	$1.1M	$674K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.74	−0.036%	$619K	$661K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	248.78	−0.020%	$291K	$482K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	248.88	+0.019%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	248.88	+0.019%	$438	$109K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	248.86	+0.012%	$2K	$1.3M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.11	+0.113%	$6K	$8K	20x	as long as short
Phemex CRWDUSDTlong	0.0000%	8h	248.83	long leg	$1.5M	$199K	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWD-USD	+0.0028%	1h	248.94	+0.044%	$1.2M	$3.0M	10x	as long as short
BloFin CRWD-USDT	+0.0029%	8h	248.88	+0.020%	$73K	$25K	25x	as long as short
Extended CRWD_24_5-USDshort	+0.0048%	1h	248.59	−0.097%	$99K	—	10x
tradeXYZ xyz:CRWD	+0.0050%	1h	248.67	−0.064%	$864K	$653K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.83	0.000%	$34K	$486K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	251.38	+1.025%	$15K	$103	12x	as long as short
Phoenix CRWD	+0.0257%	1h	248.78	−0.020%	$4	$155K	10x	as long as short
Paragon para:CRWD	+0.0320%	1h	248.66	−0.069%	$84K	$113K	10x	as long as short