Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.014%

Price spread now: Bybit against tradeXYZ−0.012%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1861.859% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.012%, 7d avg −0.014%

Together, before fees+0.109%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, 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 +0.059%, 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	249.64	0.0076	pay 0.0009% / 1h	26m 57s	$896K	$698K	10x
Short	Bybit CRWDUSDT	249.61	0	get 0.0000% / 8h	5h 26m	$1.1M	$475K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$15.94
Price spread: −0.012% → −0.014%: $0.23
Slippage, 4 orders: −$156.94
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$201.65
Costs to cover: 1.859%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 13 min ago; Bybit: live order book, 2 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, 13 min ago	3.41 bp	22.4 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	8.62 bp	89.6 bp −$90	213.3 bp −$2,133	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
BloFin CRWD-USDT	−0.0018%	8h	249.59	−0.020%	$71K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.84	+0.078%	$4K	$36K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.93	+0.114%	$2.5M	$7.5M	25x	as long as short
Bybit CRWDUSDTshort	0.0000%	8h	249.61	−0.012%	$1.1M	$475K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	249.63	−0.004%	$547K	$771K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.66	+0.008%	$305K	$408K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.78	+0.055%	$70K	$53K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.82	+0.071%	$1K	$124K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	250.04	+0.160%	$2K	$1.0M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.81	+0.068%	$6K	$7K	20x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	249.96	+0.128%	$1.5M	$237K	10x	as long as short
QFEX CRWD-USD	+0.0039%	1h	249.69	+0.020%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.37	−0.110%	$99K	$200	10x	as long as short
tradeXYZ xyz:CRWDlong	+0.0076%	1h	249.64	long leg	$896K	$698K	10x
KuCoin CRWDUSDTM	+0.0100%	8h	249.81	+0.068%	$36K	$409K	20x	as long as short
Paragon para:CRWD	+0.0107%	1h	249.60	−0.016%	$84K	$108K	10x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	251.56	+0.769%	$22K	$20K	12x	as long as short
Phoenix CRWD	+0.0256%	1h	249.45	−0.076%	$3	$120K	10x	as long as short