Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.077%

Price spread now: BloFin against Phoenix−0.052%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on BloFin

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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BloFin is 0.052% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CRWD	250.54	0.0255	pay 0.0032% / 1h	42m 54s	$6	$120K	10x
Short	BloFin CRWD-USDT	250.41	−0.0013	pay 0.0013% / 8h	7h 42m	$70K	$24K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phoenix. 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 PhoenixbpFee BloFinbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$56.26
Price spread: −0.052% → 0.000%: −$5.19
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$80.45
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 47 min ago; BloFin: 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 Phoenix live order book, 47 min ago	3.19 bp	18.2 bp −$18	72.4 bp −$724	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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	247.18	−1.341%	$22K	$20K	12x	as long as short
Paragon para:CRWD	−0.0167%	1h	250.44	−0.040%	$84K	$108K	10x	as long as short
Bybit CRWDUSDT	−0.0075%	8h	250.28	−0.104%	$1.1M	$438K	25x	as long as short
BloFin CRWD-USDTshort	−0.0013%	8h	250.41	−0.052%	$70K	$24K	25x
Aster CRWDUSDT	0.0000%	8h	250.32	−0.088%	$4K	$36K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.52	−0.008%	$2.5M	$7.3M	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.54	0.000%	$542K	$773K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.43	−0.044%	$305K	$411K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.43	−0.044%	$68K	$56K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.54	−0.002%	$641	$123K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CRWD-USDT	0.0000%	8h	250.42	−0.048%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.78	+0.096%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	250.50	−0.016%	$1.5M	$225K	10x	as long as short
QFEX CRWD-USD	+0.0030%	1h	250.43	−0.044%	$1.2M	$2.7M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.37	−0.069%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	250.41	−0.052%	$892K	$677K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.46	−0.032%	$34K	$258K	20x	as long as short
Phoenix CRWDlong	+0.0255%	1h	250.54	long leg	$6	$120K	10x