Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.009%

Price spread now: Bitget against tradeXYZ+0.016%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$860.865% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.273%+$27 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.016%, 7d avg +0.004%

Together, before fees+0.226%+ Points / potential airdroptradeXYZ: Active · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.273%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRWD	248.97	0.0050	pay 0.0006% / 1h	35m 50s	$863K	$626K	10x
Short	Bitget CRWDUSDT	249.01	0	get 0.0000% / 8h	4h 35m	$291K	$416K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$10.5
Price spread: +0.016% → +0.004%: $1.17
Slippage, 4 orders: −$56.47
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$95.8
Costs to cover: 0.865%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 61 min ago; Bitget: live order book, 19 min ago.

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, 61 min ago	3.21 bp	16.9 bp −$17	35.8 bp −$358	doesn't fit	doesn't fit
Sell Bitget live order book, 19 min ago	12.45 bp	23.2 bp −$23	48.1 bp −$481	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	245.61	−1.350%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0001%	8h	249.04	+0.028%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.87	−0.042%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.03	+0.023%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.61	−0.145%	$1.1M	$531K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.90	−0.028%	$599K	$658K	25x	as long as short
Bitget CRWDUSDTshort	0.0000%	8h	249.01	+0.016%	$291K	$416K	20x
Variational Omni CRWD	0.0000%	8h	248.99	+0.007%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.01	+0.016%	$513	$113K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	248.92	−0.020%	$2K	$1.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	249.15	+0.072%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.10	+0.052%	$1.5M	$192K	10x	as long as short
QFEX CRWD-USD	+0.0040%	1h	248.97	0.000%	$1.2M	$2.7M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.95	−0.006%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWDlong	+0.0050%	1h	248.97	long leg	$863K	$626K	10x
KuCoin CRWDUSDTM	+0.0100%	8h	248.87	−0.040%	$34K	$397K	20x	as long as short
Phoenix CRWD	+0.0225%	1h	249.06	+0.036%	$4	$106K	10x	as long as short
Paragon para:CRWD	+0.0413%	1h	248.77	−0.080%	$84K	$108K	10x	as long as short