Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%

Price spread now: tradeXYZ against Aster−0.034%7-day average — · you buy dearer than you sell

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

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.034% cheaper against Aster than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRWDUSDT	249.00	0	get 0.0000% / 8h	6h 12m	$4K	$37K	20x
Short	tradeXYZ xyz:CRWD	248.92	0.0050	get 0.0006% / 1h	12m 55s	$867K	$632K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.034%Rate

Funding earned: $10.5
Price spread: −0.034% → 0.000%: −$3.37
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$18.87
Costs to cover: 0.260%
Break-even: 19.6 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 34 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 tradeXYZ live order book, 34 min ago	3.01 bp	18.9 bp −$19	doesn't fit	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 17 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	239.49	−3.821%	$21K	$19K	12x	as long as short
Aster CRWDUSDTlong	0.0000%	8h	249.00	long leg	$4K	$37K	20x
Binance CRWDUSDT	0.0000%	8h	249.09	+0.033%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.90	−0.042%	$1.1M	$533K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.87	−0.054%	$614K	$616K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.01	+0.002%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.14	+0.056%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.23	+0.091%	$643	$110K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.15	+0.059%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.42	+0.167%	$6K	$7K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	249.11	+0.043%	$1.5M	$190K	10x	as long as short
QFEX CRWD-USD	+0.0023%	1h	249.16	+0.063%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.75	−0.102%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWDshort	+0.0050%	1h	248.92	−0.034%	$867K	$632K	10x
KuCoin CRWDUSDTM	+0.0100%	8h	249.02	+0.006%	$34K	$461K	20x	as long as short
Phoenix CRWD	+0.0257%	1h	249.33	+0.131%	$3	$106K	10x	as long as short
Paragon para:CRWD	+0.0277%	1h	248.81	−0.079%	$84K	$108K	10x	as long as short