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: Aster against Phemex−0.065%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.065% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex CRWDUSDT	249.08	0	get 0.0000% / 8h	3h 41m	$1.5M	$194K	10x
Short	Aster CRWDUSDT	248.92	0	get 0.0000% / 8h	3h 41m	$4K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → 0.000%: −$6.51
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.51
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 1 min ago; Aster: 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 Phemex live order book, 1 min ago	4.22 bp	60.8 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	245.36	−1.493%	$22K	$20K	12x	as long as short
Aster CRWDUSDTshort	0.0000%	8h	248.92	−0.065%	$4K	$37K	20x
Binance CRWDUSDT	0.0000%	8h	249.05	−0.012%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.78	−0.120%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.02	−0.024%	$596K	$667K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.12	+0.016%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.07	−0.003%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.08	+0.001%	$772	$116K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	248.95	−0.052%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.28	+0.080%	$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 CRWDUSDTlong	0.0000%	8h	249.08	long leg	$1.5M	$194K	10x
QFEX CRWD-USD	+0.0024%	1h	248.91	−0.068%	$1.2M	$2.6M	10x	as long as short
BloFin CRWD-USDT	+0.0024%	8h	249.05	−0.012%	$72K	$24K	25x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.84	−0.096%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.81	−0.108%	$861K	$627K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.93	−0.060%	$34K	$351K	20x	as long as short
Phoenix CRWD	+0.0353%	1h	249.02	−0.024%	$1	$106K	10x	as long as short
Paragon para:CRWD	+0.0365%	1h	248.76	−0.128%	$84K	$108K	10x	as long as short