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: Variational Omni against Phemex−0.015%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex CRWDUSDT	248.97	0	get 0.0000% / 8h	6h 40m	$1.5M	$190K	10x
Short	Variational Omni CRWD	248.93	0	get 0.0000% / 8h	6h 40m	$67K	$60K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → 0.000%: −$1.55
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.55
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; Variational Omni: 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, 2 min ago	2.41 bp	52.7 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	239.49	−3.808%	$21K	$19K	12x	as long as short
BloFin CRWD-USDT	−0.0017%	8h	249.12	+0.060%	$73K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.83	−0.054%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	248.96	−0.004%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.78	−0.076%	$1.1M	$559K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.02	+0.020%	$615K	$616K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	248.86	−0.044%	$291K	$416K	20x	as long as short
Variational Omni CRWDshort	0.0000%	8h	248.93	−0.015%	$67K	$60K	—
GRVT CRWD_USDT_Perp	0.0000%	8h	249.13	+0.063%	$1K	$109K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.01	+0.016%	$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	249.11	+0.056%	$6K	$7K	20x	as long as short
Phemex CRWDUSDTlong	0.0000%	8h	248.97	long leg	$1.5M	$190K	10x
QFEX CRWD-USD	+0.0023%	1h	248.76	−0.084%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.62	−0.143%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.74	−0.092%	$867K	$632K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.92	−0.020%	$34K	$473K	20x	as long as short
Paragon para:CRWD	+0.0236%	1h	248.74	−0.092%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0257%	1h	248.97	0.000%	$6	$106K	10x	as long as short