Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h +0.003%

Price spread now: Bitget against QFEX−0.016%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1621.624% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.016%, 7d avg +0.020%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.036% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWD-USD	249.19	0.0030	pay 0.0004% / 1h	33m 57s	$1.2M	$2.9M	10x
Short	Bitget CRWDUSDT	249.15	0	get 0.0000% / 8h	7h 33m	$292K	$416K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$6.4
Price spread: −0.016% → +0.020%: −$3.63
Slippage, 4 orders: −$140.35
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$172.38
Costs to cover: 1.624%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Bitget: live order book, 36 min ago.

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 QFEX live order book, 4 min ago	52.15 bp	57.6 bp −$58	65.7 bp −$657	doesn't fit	doesn't fit
Sell Bitget live order book, 36 min ago	10.85 bp	27.0 bp −$27	49.2 bp −$492	doesn't fit	doesn't fit

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
BloFin CRWD-USDT	−0.0021%	8h	249.16	−0.012%	$73K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.21	+0.006%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.33	+0.056%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.08	−0.044%	$1.2M	$665K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.20	+0.004%	$615K	$637K	25x	as long as short
Bitget CRWDUSDTshort	0.0000%	8h	249.15	−0.016%	$292K	$416K	20x
Variational Omni CRWD	0.0000%	8h	249.07	−0.048%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	249.38	+0.076%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.46	+0.108%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.29	+0.040%	$1.5M	$193K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWD-USDlong	+0.0030%	1h	249.19	long leg	$1.2M	$2.9M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	249.03	−0.062%	$99K	—	10x	as long as short
Paragon para:CRWD	+0.0060%	1h	249.16	−0.012%	$84K	$111K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.17	−0.008%	$34K	$469K	20x	as long as short
tradeXYZ xyz:CRWD	+0.0167%	1h	249.13	−0.024%	$866K	$637K	10x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	238.48	−4.298%	$21K	$19K	12x	as long as short
Phoenix CRWD	+0.0321%	1h	249.18	−0.004%	$3	$140K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0610%	8h	249.36	+0.069%	$554	$107K	10x	as long as short