Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.001%

Price spread now: BloFin against QFEX−0.012%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWD-USD	249.71	0.0024	pay 0.0003% / 1h	19m 02s	$1.2M	$2.6M	10x
Short	BloFin CRWD-USDT	249.68	−0.0030	pay 0.0030% / 8h	3h 19m	$72K	$24K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$11.29
Price spread: −0.012% → 0.000%: −$1.2
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.49
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 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 QFEX live order book, 4 min ago	27.24 bp	33.0 bp −$33	39.0 bp −$390	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	245.36	−1.742%	$22K	$20K	12x	as long as short
BloFin CRWD-USDTshort	−0.0030%	8h	249.68	−0.012%	$72K	$24K	25x
Aster CRWDUSDT	0.0000%	8h	249.69	−0.009%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.77	+0.024%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.50	−0.084%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.80	+0.036%	$598K	$670K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.14	−0.228%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.78	+0.027%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.82	+0.043%	$677	$117K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.62	−0.036%	$1K	$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	249.94	+0.092%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.82	+0.044%	$1.5M	$196K	10x	as long as short
QFEX CRWD-USDlong	+0.0024%	1h	249.71	long leg	$1.2M	$2.6M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	249.64	−0.026%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.68	−0.012%	$864K	$629K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.85	+0.056%	$34K	$331K	20x	as long as short
Paragon para:CRWD	+0.0275%	1h	249.64	−0.028%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0353%	1h	249.83	+0.048%	$2	$106K	10x	as long as short