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 0.000%

Price spread now: Binance against OKX+0.093%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$780.776% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 2 days (all we have)−0.174%−$17 · spread now +0.093%, 7d avg −0.058%

Together, before fees−0.184%−$18 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: Binance is 0.151% dearer against OKX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRWD-USDT-SWAP	249.39	0	get 0.0000% / 8h	7h 45m	$618K	$636K	25x
Short	Binance CRWDUSDT	249.62	0	get 0.0000% / 8h	7h 45m	$2.4M	$6.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → −0.058%: $15.12
Slippage, 4 orders: −$57.61
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.49
Costs to cover: 0.776%
Break-even: never at this rate

Slippage from OKX: live order book, 26 min ago; Binance: live order book, 9 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 OKX live order book, 26 min ago	5.63 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.20 bp	13.7 bp −$14	43.5 bp −$435	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
Aster CRWDUSDT	0.0000%	8h	249.25	−0.055%	$4K	$37K	20x	as long as short
Binance CRWDUSDTshort	0.0000%	8h	249.62	+0.093%	$2.4M	$6.7M	25x
OKX CRWD-USDT-SWAPlong	0.0000%	8h	249.39	long leg	$618K	$636K	25x
Bitget CRWDUSDT	0.0000%	8h	249.19	−0.080%	$292K	$417K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.59	+0.081%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	249.64	+0.100%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.79	+0.160%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.65	+0.104%	$1.5M	$194K	10x	as long as short
BloFin CRWD-USDT	+0.0002%	8h	249.66	+0.108%	$72K	$24K	25x	as long as short
Bybit CRWDUSDT	+0.0025%	8h	249.26	−0.052%	$1.2M	$665K	25x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWD-USD	+0.0030%	1h	249.54	+0.060%	$1.2M	$3.0M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.21	−0.072%	$99K	—	10x	as long as short
Paragon para:CRWD	+0.0060%	1h	249.39	+0.001%	$84K	$113K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.53	+0.056%	$35K	$469K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	238.48	−4.375%	$21K	$19K	12x	as long as short
Phoenix CRWD	+0.0321%	1h	249.61	+0.088%	$2	$140K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0400%	1h	249.41	+0.008%	$867K	$655K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0897%	8h	249.49	+0.039%	$846	$108K	10x	as long as short