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: Variational Omni against QFEX+0.019%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWD-USD	248.96	0.0046	pay 0.0006% / 1h	46m 34s	$1.2M	$2.8M	10x
Short	Variational Omni CRWD	249.01	0	get 0.0000% / 8h	5h 46m	$67K	$60K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.019%Rate

Funding earned: −$9.73
Price spread: +0.019% → 0.000%: $1.87
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.86
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 6 min ago; Variational Omni: 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, 6 min ago	2.21 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	−3.342%	$21K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.94	−0.009%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.00	+0.016%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.76	−0.080%	$1.1M	$529K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.14	+0.072%	$615K	$615K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.00	+0.016%	$292K	$416K	20x	as long as short
Variational Omni CRWDshort	0.0000%	8h	249.01	+0.019%	$67K	$60K	—
GRVT CRWD_USDT_Perp	0.0000%	8h	249.04	+0.034%	$677	$111K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.01	+0.020%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.15	+0.076%	$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	249.03	+0.028%	$1.5M	$191K	10x	as long as short
BloFin CRWD-USDT	+0.0016%	8h	248.95	−0.004%	—	$24K	25x	as long as short
QFEX CRWD-USDlong	+0.0046%	1h	248.96	long leg	$1.2M	$2.8M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	248.82	−0.056%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.83	−0.052%	$867K	$627K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.92	−0.016%	$34K	$450K	20x	as long as short
Phoenix CRWD	+0.0289%	1h	249.02	+0.024%	$4	$106K	10x	as long as short
Paragon para:CRWD	+0.0310%	1h	248.62	−0.137%	$84K	$108K	10x	as long as short