Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0488%/8h= −53.4% APRpaid last 24h −0.009%

Price spread now: Aster against tradeXYZ−0.003%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRWD	249.34	0.0488	pay 0.0061% / 1h	47m 56s	$866K	$655K	10x
Short	Aster CRWDUSDT	249.33	0	get 0.0000% / 8h	7h 47m	$4K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$102.38
Price spread: −0.003% → 0.000%: −$0.27
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$128.66
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 min ago; Aster: 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 tradeXYZ live order book, 9 min ago	2.61 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Aster CRWDUSDTshort	0.0000%	8h	249.33	−0.003%	$4K	$37K	20x
Binance CRWDUSDT	0.0000%	8h	249.70	+0.144%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.40	+0.024%	$1.2M	$665K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.51	+0.068%	$621K	$633K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.19	−0.060%	$292K	$417K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.27	−0.030%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	249.73	+0.156%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.31	−0.012%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.79	+0.180%	$1.5M	$195K	10x	as long as short
BloFin CRWD-USDT	+0.0004%	8h	249.50	+0.064%	$72K	$24K	25x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWD-USD	+0.0030%	1h	249.62	+0.112%	$1.2M	$3.0M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.21	−0.052%	$99K	—	10x	as long as short
Paragon para:CRWD	+0.0060%	1h	249.34	−0.001%	$84K	$113K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.57	+0.092%	$35K	$469K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	238.48	−4.355%	$21K	$19K	12x	as long as short
Phoenix CRWD	+0.0321%	1h	249.38	+0.016%	$3	$140K	10x	as long as short
tradeXYZ xyz:CRWDlong	+0.0488%	1h	249.34	long leg	$866K	$655K	10x
GRVT CRWD_USDT_Perp	+0.0521%	8h	249.35	+0.006%	$845	$108K	10x	as long as short