Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.001%

Price spread now: OKX against QFEX−0.048%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1021.022% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.048%, 7d avg +0.057%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.105% cheaper against QFEX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWD-USD	250.10	0.0017	pay 0.0002% / 1h	57m 19s	$1.2M	$2.7M	10x
Short	OKX CRWD-USDT-SWAP	249.98	0	get 0.0000% / 8h	57m 19s	$591K	$703K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$3.65
Price spread: −0.048% → +0.057%: −$10.47
Slippage, 4 orders: −$82.16
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$116.28
Costs to cover: 1.022%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; OKX: live order book, 44 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 QFEX live order book, 6 min ago	1.40 bp	7.7 bp −$8	17.9 bp −$179	doesn't fit	doesn't fit
Sell OKX live order book, 44 min ago	6.59 bp	52.8 bp −$53	doesn't fit	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
Injective CRWD/USDC PERP	−0.0220%	1h	246.01	−1.635%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.18	+0.030%	$4K	$35K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.14	+0.014%	$2.5M	$7.3M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.02	−0.032%	$1.1M	$449K	25x	as long as short
OKX CRWD-USDT-SWAPshort	0.0000%	8h	249.98	−0.048%	$591K	$703K	25x
Bitget CRWDUSDT	0.0000%	8h	250.46	+0.144%	$305K	$442K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.32	+0.086%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.17	+0.028%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.29	+0.076%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	250.10	0.000%	$1.5M	$218K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CRWD-USDT	+0.0016%	8h	250.20	+0.040%	$72K	$24K	25x	as long as short
QFEX CRWD-USDlong	+0.0017%	1h	250.10	long leg	$1.2M	$2.7M	10x
GRVT CRWD_USDT_Perp	+0.0043%	8h	250.25	+0.060%	$986	$124K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.89	−0.082%	$100K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.14	+0.016%	$34K	$241K	20x	as long as short
tradeXYZ xyz:CRWD	+0.0136%	1h	250.03	−0.028%	$893K	$681K	10x	as long as short
Paragon para:CRWD	+0.0164%	1h	250.16	+0.024%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0286%	1h	250.48	+0.152%	$3	$121K	10x	as long as short