Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0061%/8h= +6.6% APRpaid last 24h +0.004%

Price spread now: QFEX against Binance+0.013%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.025%−$3 · spread now +0.013%, 7d avg −0.026%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.039% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRWDUSDT	250.19	0	get 0.0000% / 8h	6h 03m	$2.5M	$7.5M	25x
Short	QFEX CRWD-USD	250.22	0.0061	get 0.0008% / 1h	3m 48s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Binance. 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 BinancebpFee QFEXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $12.75
Price spread: +0.013% → −0.026%: $3.92
Slippage, 4 orders: −$23.96
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$27.29
Costs to cover: 0.440%
Break-even: 22.0 days

Slippage from Binance: live order book, 13 min ago; QFEX: 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 Binance live order book, 13 min ago	2.59 bp	12.4 bp −$12	41.3 bp −$413	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.80 bp	11.5 bp −$11	21.7 bp −$217	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
Injective CRWD/USDC PERP	−0.0220%	1h	251.56	+0.548%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.22	+0.013%	$4K	$36K	20x	as long as short
Binance CRWDUSDTlong	0.0000%	8h	250.19	long leg	$2.5M	$7.5M	25x
Bybit CRWDUSDT	0.0000%	8h	250.00	−0.075%	$1.1M	$475K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.27	+0.033%	$550K	$785K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.12	−0.027%	$305K	$409K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.51	+0.127%	$71K	$55K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.65	+0.187%	$1K	$123K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	250.50	+0.125%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.76	+0.229%	$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	250.34	+0.061%	$1.5M	$234K	10x	as long as short
BloFin CRWD-USDT	+0.0005%	8h	250.63	+0.177%	$71K	$24K	25x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.91	−0.109%	$100K	$200	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.97	−0.087%	$896K	$701K	10x	as long as short
QFEX CRWD-USDshort	+0.0061%	1h	250.22	+0.013%	$1.2M	$2.7M	10x
KuCoin CRWDUSDTM	+0.0100%	8h	250.45	+0.105%	$36K	$371K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.39	+0.081%	$3	$120K	10x	as long as short
Paragon para:CRWD	+0.0143%	1h	249.95	−0.094%	$84K	$108K	10x	as long as short