Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0064%/8h= −7.1% APRpaid last 24h −0.001%

Price spread now: HTX against QFEX+0.028%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on HTX

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 pays, funding is against you. HTX is 0.028% dearer against QFEX than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWD-USD	251.25	0.0064	pay 0.0008% / 1h	52m 34s	$1.2M	$2.6M	10x
Short	HTX CRWD-USDT	251.32	0	get 0.0000% / 8h	1h 52m	$6K	$7K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$13.54
Price spread: +0.028% → 0.000%: $2.79
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.75
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 5 min ago; HTX: 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, 5 min ago	3.58 bp	10.9 bp −$11	18.0 bp −$180	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	244.15	−2.826%	$21K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	251.15	−0.039%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	251.22	−0.012%	$2.5M	$7.0M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	251.02	−0.092%	$1.2M	$549K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	251.29	+0.016%	$601K	$703K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.98	−0.107%	$293K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	251.23	−0.010%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	251.42	+0.068%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDTshort	0.0000%	8h	251.32	+0.028%	$6K	$7K	20x
Phemex CRWDUSDT	0.0000%	8h	251.22	−0.012%	$1.5M	$209K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CRWD_USDT_Perp	+0.0020%	8h	251.33	+0.032%	$1K	$123K	10x	as long as short
BloFin CRWD-USDT	+0.0020%	8h	251.20	−0.020%	$73K	$24K	25x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	251.03	−0.090%	$100K	—	10x	as long as short
QFEX CRWD-USDlong	+0.0064%	1h	251.25	long leg	$1.2M	$2.6M	10x
tradeXYZ xyz:CRWD	+0.0080%	1h	250.93	−0.127%	$893K	$674K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	251.04	−0.084%	$34K	$275K	20x	as long as short
Phoenix CRWD	+0.0286%	1h	251.17	−0.032%	$3	$106K	10x	as long as short
Paragon para:CRWD	+0.0424%	1h	251.07	−0.072%	$85K	$108K	10x	as long as short