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: QFEX against Aster+0.023%7-day average — · you sell dearer than you buy

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

Long on Aster Short on QFEX

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.023% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread 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	Aster CRWDUSDT	249.14	0	get 0.0000% / 8h	5h 01m	$4K	$37K	20x
Short	QFEX CRWD-USD	249.20	0.0046	get 0.0006% / 1h	1m 31s	$1.2M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $9.73
Price spread: +0.023% → 0.000%: $2.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$5.95
Costs to cover: 0.180%
Break-even: 11.3 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 6 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell QFEX live order book, 6 min ago	2.21 bp	8.0 bp −$8	14.3 bp −$143	doesn't fit	doesn't fit

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	240.64	−3.413%	$21K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0005%	8h	249.39	+0.099%	$73K	$24K	25x	as long as short
Aster CRWDUSDTlong	0.0000%	8h	249.14	long leg	$4K	$37K	20x
Binance CRWDUSDT	0.0000%	8h	249.30	+0.063%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.05	−0.037%	$1.1M	$529K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.30	+0.063%	$601K	$652K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.17	+0.011%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.26	+0.048%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.22	+0.031%	$1K	$112K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.28	+0.055%	$2K	$1.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	249.44	+0.120%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.30	+0.063%	$1.5M	$191K	10x	as long as short
QFEX CRWD-USDshort	+0.0046%	1h	249.20	+0.023%	$1.2M	$2.8M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	249.00	−0.055%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.02	−0.049%	$863K	$626K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.26	+0.047%	$34K	$420K	20x	as long as short
Paragon para:CRWD	+0.0274%	1h	248.81	−0.132%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0289%	1h	249.14	−0.001%	$6	$106K	10x	as long as short