Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.001%

Price spread now: QFEX against SunX+0.008%7-day average −0.025% · you sell dearer than you buy

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.008%, 7d avg −0.025%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.033% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRWD-USDT	249.01	0	get 0.0000% / 8h	3h 47m	$2K	$1.2M	10x
Short	QFEX CRWD-USD	249.03	0.0024	get 0.0003% / 1h	47m 38s	$1.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $5.06
Price spread: +0.008% → −0.025%: $3.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$9.65
Costs to cover: 0.180%
Break-even: 20.4 days

Slippage unknown: SunX: live order book, 6 min ago; QFEX: 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, 6 min ago	500.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	27.32 bp	32.4 bp −$32	40.2 bp −$402	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	−1.466%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.91	−0.039%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.09	+0.032%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.87	−0.056%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.98	−0.012%	$596K	$666K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.10	+0.036%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	248.93	−0.032%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.07	+0.023%	$501	$114K	10x	as long as short
SunX CRWD-USDTlong	0.0000%	8h	249.01	long leg	$2K	$1.2M	10x
HTX CRWD-USDT	0.0000%	8h	249.25	+0.096%	$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	249.09	+0.032%	$1.5M	$194K	10x	as long as short
BloFin CRWD-USDT	+0.0004%	8h	248.94	−0.028%	$72K	$24K	25x	as long as short
QFEX CRWD-USDshort	+0.0024%	1h	249.03	+0.008%	$1.2M	$2.6M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	248.89	−0.048%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.95	−0.024%	$861K	$627K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.95	−0.024%	$34K	$354K	20x	as long as short
Phoenix CRWD	+0.0353%	1h	249.22	+0.084%	$1	$106K	10x	as long as short
Paragon para:CRWD	+0.0423%	1h	248.79	−0.088%	$84K	$108K	10x	as long as short