Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: GRVT against tradeXYZ+0.021%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$800.803% of the position

Long on tradeXYZ Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.021%, 7d avg +0.015%

Together, before fees+0.131%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, 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 +0.141%, 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	249.68	0.0050	pay 0.0006% / 1h	3m 32s	$857K	$634K	10x
Short	GRVT CRWD_USDT_Perp	249.73	0	get 0.0000% / 8h	3h 03m	$697	$117K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$10.5
Price spread: +0.021% → +0.015%: $0.59
Slippage, 4 orders: −$53.29
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$90.21
Costs to cover: 0.803%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 13 min ago; GRVT: live order book, 48 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	4.20 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 48 min ago	2.21 bp	12.6 bp −$13	doesn't fit	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	−1.730%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.70	+0.008%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.94	+0.105%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.61	−0.028%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.50	−0.072%	$597K	$669K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.76	+0.032%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.65	−0.013%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perpshort	0.0000%	8h	249.73	+0.021%	$697	$117K	10x
SunX CRWD-USDT	0.0000%	8h	249.56	−0.048%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.91	+0.092%	$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	249.62	−0.024%	$1.5M	$197K	10x	as long as short
BloFin CRWD-USDT	+0.0011%	8h	249.68	0.000%	$72K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0024%	1h	249.77	+0.036%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.64	−0.016%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWDlong	+0.0050%	1h	249.68	long leg	$857K	$634K	10x
KuCoin CRWDUSDTM	+0.0100%	8h	249.68	0.000%	$35K	$320K	20x	as long as short
Paragon para:CRWD	+0.0316%	1h	249.70	+0.009%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0353%	1h	249.78	+0.040%	$4	$106K	10x	as long as short