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 −0.015%

Price spread now: Bybit against SunX−0.068%56s7-day average −0.026% · you buy dearer than you sell

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.068%, 7d avg −0.026%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.042% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.026%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRWD-USDT	249.08	0	get 0.0000% / 8h	3h 29m	$2K	$1.2M	10x
Short	Bybit CRWDUSDT	248.91	0	get 0.0000% / 8h	3h 29m	$1.1M	$530K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.026%: −$4.19
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.19
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; Bybit: live order book, 1 min ago. 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 SunX live order book, 4 min ago	500.29 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	6.83 bp	19.3 bp −$19	198.8 bp −$1,988	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
Injective CRWD/USDC PERP	−0.0220%	1h	245.36	−1.493%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.24	+0.064%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.24	+0.064%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDTshort	0.0000%	8h	248.91	−0.068%	$1.1M	$530K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	249.39	+0.124%	$597K	$668K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.07	−0.004%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.19	+0.045%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.14	+0.024%	$615	$115K	10x	as long as short
SunX CRWD-USDTlong	0.0000%	8h	249.08	long leg	$2K	$1.2M	10x
HTX CRWD-USDT	0.0000%	8h	249.35	+0.108%	$6K	$7K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	249.28	+0.080%	$1.5M	$194K	10x	as long as short
BloFin CRWD-USDT	+0.0022%	8h	249.14	+0.024%	$72K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0024%	1h	249.15	+0.028%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.97	−0.046%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.96	−0.048%	$861K	$627K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.94	−0.056%	$34K	$339K	20x	as long as short
Paragon para:CRWD	+0.0314%	1h	248.92	−0.064%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0353%	1h	249.05	−0.012%	$8	$106K	10x	as long as short