Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: tradeXYZ against SunX−0.068%7-day average −0.017% · you buy dearer than you sell

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

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.068%, 7d avg −0.017%

Together, before fees−0.151%+ Points / potential airdroptradeXYZ: Active · farm board−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.051% cheaper against SunX than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.017%). If the spread goes back, that is −$5 on $10k: about 3.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.238%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRWD-USDT	250.49	0	get 0.0000% / 8h	6h 09m	$2K	$1.1M	10x
Short	tradeXYZ xyz:CRWD	250.32	0.0050	get 0.0006% / 1h	9m 10s	$897K	$701K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.068%Rate

Funding earned: $10.5
Price spread: −0.068% → −0.017%: −$5.05
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$20.55
Costs to cover: 0.260%
Break-even: 20.7 days

Slippage unknown: SunX: live order book, 7 min ago; tradeXYZ: live order book, 34 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, 7 min ago	500.35 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 34 min ago	3.19 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit

CRWD on 18 exchanges

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	251.56	+0.427%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0021%	8h	250.66	+0.068%	$71K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.50	+0.003%	$4K	$36K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.56	+0.029%	$2.5M	$7.5M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.38	−0.044%	$1.1M	$474K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.44	−0.020%	$551K	$780K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.54	+0.020%	$305K	$409K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.44	−0.020%	$71K	$55K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.53	+0.016%	$1K	$123K	10x	as long as short
SunX CRWD-USDTlong	0.0000%	8h	250.49	long leg	$2K	$1.1M	10x

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	250.68	+0.076%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	250.59	+0.040%	$1.5M	$233K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.30	−0.076%	$100K	$200	10x	as long as short
tradeXYZ xyz:CRWDshort	+0.0050%	1h	250.32	−0.068%	$897K	$701K	10x
QFEX CRWD-USD	+0.0061%	1h	250.57	+0.032%	$1.2M	$2.7M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.61	+0.048%	$36K	$364K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.45	−0.016%	$2	$120K	10x	as long as short
Paragon para:CRWD	+0.0148%	1h	250.30	−0.077%	$85K	$108K	10x	as long as short