Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.033%

Price spread now: Injective against SunX−1.886%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Injective

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 1.886% cheaper against SunX than usual: you would sell low and buy high (−$189 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	SunX CRWD-USDT	250.74	0	get 0.0000% / 8h	20m 59s	$2K	$1.1M	10x
Short	Injective CRWD/USDC PERP	246.01	−0.0220	pay 0.0028% / 1h	20m 59s	$22K	$20K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.886%Rate

Funding earned: −$46.2
Price spread: −1.886% → 0.000%: −$188.64
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$242.86
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; Injective: 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 SunX live order book, 2 min ago	500.14 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 PERPshort	−0.0220%	1h	246.01	−1.886%	$22K	$20K	12x
BloFin CRWD-USDT	−0.0023%	8h	250.95	+0.084%	$70K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.60	−0.054%	$4K	$35K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.89	+0.059%	$2.5M	$7.3M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.51	−0.092%	$1.2M	$441K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.85	+0.044%	$547K	$765K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.65	−0.036%	$305K	$414K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.80	+0.023%	$68K	$60K	—	as long as short
SunX CRWD-USDTlong	0.0000%	8h	250.74	long leg	$2K	$1.1M	10x
HTX CRWD-USDT	0.0000%	8h	251.04	+0.120%	$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	250.90	+0.064%	$1.5M	$221K	10x	as long as short
QFEX CRWD-USD	+0.0017%	1h	250.77	+0.012%	$1.2M	$2.7M	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0019%	8h	250.72	−0.008%	$481	$125K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.44	−0.118%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0079%	1h	250.58	−0.064%	$894K	$676K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.63	−0.044%	$34K	$237K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.73	−0.004%	$4	$121K	10x	as long as short
Paragon para:CRWD	+0.0334%	1h	250.48	−0.104%	$84K	$108K	10x	as long as short