Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h +0.003%

Price spread now: HTX against QFEX+0.088%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 HTX

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

The price spread pays, funding is against you. HTX is 0.088% dearer against QFEX than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWD-USD	249.08	0.0046	pay 0.0006% / 1h	22m 48s	$1.2M	$2.8M	10x
Short	HTX CRWD-USDT	249.30	0	get 0.0000% / 8h	5h 22m	$6K	$7K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$9.73
Price spread: +0.088% → 0.000%: $8.83
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.89
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 5 min ago; HTX: 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	27.27 bp	32.3 bp −$32	40.0 bp −$400	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	240.64	−3.388%	$21K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.08	−0.001%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.18	+0.040%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.94	−0.056%	$1.1M	$529K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.01	−0.028%	$600K	$651K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.16	+0.032%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.09	+0.006%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.26	+0.072%	$1K	$112K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.16	+0.032%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDTshort	0.0000%	8h	249.30	+0.088%	$6K	$7K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	249.16	+0.032%	$1.5M	$191K	10x	as long as short
BloFin CRWD-USDT	+0.0005%	8h	249.16	+0.032%	$73K	$24K	25x	as long as short
QFEX CRWD-USDlong	+0.0046%	1h	249.08	long leg	$1.2M	$2.8M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	248.85	−0.090%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.88	−0.080%	$867K	$627K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.08	0.000%	$35K	$438K	20x	as long as short
Paragon para:CRWD	+0.0284%	1h	248.71	−0.149%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0289%	1h	249.06	−0.008%	$4	$106K	10x	as long as short