Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against SunX+0.032%7-day average −0.002% · you sell dearer than you buy

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

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.032%, 7d avg −0.002%

Together, before fees−0.007%−$1 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: Phemex is 0.034% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRWD-USDT	250.42	0	get 0.0000% / 8h	7h 43m	$2K	$1.1M	10x
Short	Phemex CRWDUSDT	250.50	0	get 0.0000% / 8h	7h 43m	$1.5M	$225K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.002%: $3.44
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$16.56
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Phemex: live order book, 5 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, 10 min ago	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	3.59 bp	46.5 bp −$47	doesn't fit	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	247.18	−1.294%	$22K	$20K	12x	as long as short
Paragon para:CRWD	−0.0167%	1h	250.44	+0.008%	$84K	$108K	10x	as long as short
Bybit CRWDUSDT	−0.0075%	8h	250.28	−0.056%	$1.1M	$438K	25x	as long as short
BloFin CRWD-USDT	−0.0013%	8h	250.41	−0.004%	$70K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.32	−0.040%	$4K	$36K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.52	+0.040%	$2.5M	$7.3M	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.54	+0.048%	$542K	$773K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.46	+0.016%	$305K	$411K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.43	+0.003%	$68K	$56K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.54	+0.046%	$641	$123K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CRWD-USDTlong	0.0000%	8h	250.42	long leg	$2K	$1.1M	10x
HTX CRWD-USDT	0.0000%	8h	250.78	+0.144%	$6K	$7K	20x	as long as short
Phemex CRWDUSDTshort	0.0000%	8h	250.50	+0.032%	$1.5M	$225K	10x
QFEX CRWD-USD	+0.0030%	1h	250.43	+0.004%	$1.2M	$2.7M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.37	−0.022%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	250.41	−0.004%	$892K	$677K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.49	+0.028%	$34K	$258K	20x	as long as short
Phoenix CRWD	+0.0255%	1h	250.54	+0.048%	$6	$120K	10x	as long as short