Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.009%

Price spread now: HTX against tradeXYZ+0.180%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on HTX

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 · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.180% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.180% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRWD	250.01	0.0050	pay 0.0006% / 1h	24m 17s	$890K	$676K	10x
Short	HTX CRWD-USDT	250.46	0	get 0.0000% / 8h	1h 24m	$6K	$7K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$10.5
Price spread: +0.180% → 0.000%: $18
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.5
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 42 min ago; HTX: 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, 42 min ago	3.79 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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
Injective CRWD/USDC PERP	−0.0220%	1h	244.15	−2.344%	$21K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0022%	8h	250.48	+0.188%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.18	+0.069%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.31	+0.120%	$2.5M	$7.1M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.04	+0.012%	$1.1M	$517K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.19	+0.072%	$592K	$701K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.83	+0.328%	$313K	$436K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.27	+0.102%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.45	+0.176%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDTshort	0.0000%	8h	250.46	+0.180%	$6K	$7K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	250.31	+0.120%	$1.5M	$212K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0046%	8h	250.33	+0.128%	$1K	$125K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.57	+0.226%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWDlong	+0.0050%	1h	250.01	long leg	$890K	$676K	10x
QFEX CRWD-USD	+0.0064%	1h	250.31	+0.120%	$1.2M	$2.7M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.17	+0.064%	$34K	$256K	20x	as long as short
Phoenix CRWD	+0.0286%	1h	250.30	+0.116%	$4	$106K	10x	as long as short
Paragon para:CRWD	+0.0352%	1h	249.98	−0.012%	$84K	$108K	10x	as long as short