Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against Variational Omni−0.098%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.098% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.098% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRWD	249.26	0	get 0.0000% / 8h	4h 22m	$67K	$60K	—
Short	Extended CRWD_24_5-USD	249.02	0.0048	get 0.0006% / 1h	22m 45s	$99K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.098%Rate

Funding earned: $10.08
Price spread: −0.098% → 0.000%: −$9.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$4.7
Costs to cover: 0.050%
Break-even: 10.3 days

Slippage unknown: Variational Omni: no order-book sample; Extended: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Extended no order-book sample	—	—	—	—	—

Variational Omni and Extended: 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	245.61	−1.466%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.16	−0.041%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.36	+0.039%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.05	−0.086%	$1.1M	$531K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.46	+0.079%	$600K	$658K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.16	−0.042%	$292K	$416K	20x	as long as short
Variational Omni CRWDlong	0.0000%	8h	249.26	long leg	$67K	$60K	—
GRVT CRWD_USDT_Perp	0.0000%	8h	249.20	−0.027%	$937	$114K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.30	+0.014%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.53	+0.107%	$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	249.38	+0.047%	$1.5M	$192K	10x	as long as short
BloFin CRWD-USDT	+0.0027%	8h	249.44	+0.071%	$72K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0040%	1h	249.06	−0.082%	$1.2M	$2.7M	10x	as long as short
Extended CRWD_24_5-USDshort	+0.0048%	1h	249.02	−0.098%	$99K	—	10x
tradeXYZ xyz:CRWD	+0.0050%	1h	249.19	−0.030%	$864K	$626K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.27	+0.002%	$34K	$386K	20x	as long as short
Phoenix CRWD	+0.0225%	1h	249.45	+0.075%	$5	$106K	10x	as long as short
Paragon para:CRWD	+0.0368%	1h	248.97	−0.118%	$84K	$108K	10x	as long as short