Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: SunX against Bybit+0.211%46s7-day average +0.028% · you sell dearer than you buy

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.211%, 7d avg +0.028%

Together, before fees−0.045%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.183% dearer against Bybit than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.028%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRWDUSDT	251.18	0	get 0.0000% / 8h	2h 08m	$1.2M	$550K	25x
Short	SunX CRWD-USDT	251.71	0	get 0.0000% / 8h	2h 08m	$2K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.211%Rate

Funding earned: $0
Price spread: +0.211% → +0.028%: $18.3
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$0.7
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; SunX: live order book, 5 min ago. 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 Bybit live order book, 2 min ago	4.77 bp	20.4 bp −$20	191.8 bp −$1,918	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.27 bp	doesn't fit	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	246.46	−1.879%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	251.23	+0.020%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	251.31	+0.052%	$2.5M	$7.1M	25x	as long as short
Bybit CRWDUSDTlong	0.0000%	8h	251.18	long leg	$1.2M	$550K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	251.14	−0.016%	$601K	$699K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	251.15	−0.012%	$294K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	251.65	+0.187%	$68K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	251.67	+0.196%	$1K	$123K	10x	as long as short
SunX CRWD-USDTshort	0.0000%	8h	251.71	+0.211%	$2K	$1.2M	10x
HTX CRWD-USDT	0.0000%	8h	251.84	+0.263%	$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	251.49	+0.123%	$1.5M	$213K	10x	as long as short
BloFin CRWD-USDT	+0.0016%	8h	251.54	+0.143%	$72K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0044%	1h	251.35	+0.068%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	251.13	−0.020%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0071%	1h	251.03	−0.060%	$893K	$676K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	251.18	0.000%	$34K	$287K	20x	as long as short
Paragon para:CRWD	+0.0140%	1h	251.06	−0.046%	$85K	$108K	10x	as long as short
Phoenix CRWD	+0.0160%	1h	251.36	+0.072%	$2	$106K	10x	as long as short