Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.006%

Price spread now: BloFin against QFEX+0.024%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on BloFin

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—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.024% dearer against QFEX than usual: you sell high and buy low, +$2 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	QFEX CRWD-USD	249.69	0.0030	pay 0.0004% / 1h	19m 46s	$1.2M	$2.7M	10x
Short	BloFin CRWD-USDT	249.75	0.0027	get 0.0027% / 8h	7h 19m	$70K	$24K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$0.57
Price spread: +0.024% → 0.000%: $2.4
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.17
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; BloFin: 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, 3 min ago	2.20 bp	9.4 bp −$9	17.9 bp −$179	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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
Bybit CRWDUSDT	−0.0249%	8h	249.47	−0.088%	$1.1M	$433K	25x	as long as short
Injective CRWD/USDC PERP	−0.0220%	1h	247.18	−1.005%	$22K	$20K	12x	as long as short
GRVT CRWD_USDT_Perp	−0.0066%	8h	249.61	−0.033%	$836	$121K	10x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.94	+0.100%	$4K	$36K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.76	+0.028%	$2.5M	$7.4M	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.61	−0.032%	$539K	$772K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.69	0.000%	$304K	$410K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.64	−0.020%	$70K	$61K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	249.58	−0.044%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.80	+0.044%	$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	249.61	−0.032%	$1.5M	$230K	10x	as long as short
Paragon para:CRWD	+0.0005%	1h	249.60	−0.036%	$84K	$108K	10x	as long as short
BloFin CRWD-USDTshort	+0.0027%	8h	249.75	+0.024%	$70K	$24K	25x
QFEX CRWD-USDlong	+0.0030%	1h	249.69	long leg	$1.2M	$2.7M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	249.64	−0.021%	$100K	$200	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.60	−0.036%	$888K	$691K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.69	0.000%	$34K	$284K	20x	as long as short
Phoenix CRWD	+0.0255%	1h	249.83	+0.056%	$7	$120K	10x	as long as short