Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.002%

Price spread now: Aster against QFEX−0.022%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.022% cheaper against QFEX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWD-USD	250.65	0.0017	pay 0.0002% / 1h	48m 06s	$1.2M	$2.7M	10x
Short	Aster CRWDUSDT	250.60	0	get 0.0000% / 8h	48m 06s	$4K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$3.65
Price spread: −0.022% → 0.000%: −$2.18
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.83
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 5 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 QFEX live order book, 5 min ago	2.00 bp	10.9 bp −$11	22.6 bp −$226	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	246.01	−1.851%	$22K	$20K	12x	as long as short
Aster CRWDUSDTshort	0.0000%	8h	250.60	−0.022%	$4K	$35K	20x
Binance CRWDUSDT	0.0000%	8h	250.82	+0.068%	$2.5M	$7.3M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.47	−0.072%	$1.1M	$450K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.91	+0.104%	$547K	$764K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.51	−0.056%	$305K	$442K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.64	−0.004%	$68K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.68	+0.012%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.88	+0.092%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	250.84	+0.076%	$1.5M	$220K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWD-USDlong	+0.0017%	1h	250.65	long leg	$1.2M	$2.7M	10x
BloFin CRWD-USDT	+0.0019%	8h	250.65	0.000%	$72K	$24K	25x	as long as short
GRVT CRWD_USDT_Perp	+0.0031%	8h	250.71	+0.024%	$692	$125K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.38	−0.108%	$100K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.47	−0.072%	$34K	$238K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.25	−0.160%	$3	$121K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0178%	1h	250.62	−0.012%	$895K	$676K	10x	as long as short
Paragon para:CRWD	+0.0333%	1h	250.39	−0.104%	$84K	$108K	10x	as long as short