Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance−0.121%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$770.768% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 2 days (all we have)+0.395%+$39 · spread now −0.121%, 7d avg +0.053%

Together, before fees+0.448%+$45 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.174% cheaper against Binance than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRWDUSDT	249.07	0	get 0.0000% / 8h	3h 30m	$2.4M	$7.2M	25x
Short	Bitget CRWDUSDT	248.77	0	get 0.0000% / 8h	3h 30m	$294K	$501K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → +0.053%: −$17.41
Slippage, 4 orders: −$54.82
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.23
Costs to cover: 0.768%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 14 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 Binance live order book, 14 min ago	1.61 bp	12.9 bp −$13	33.5 bp −$335	171.5 bp −$17.2K	doesn't fit
Sell Bitget live order book, 14 min ago	8.23 bp	23.6 bp −$24	44.8 bp −$448	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
Aster CRWDUSDT	0.0000%	8h	248.61	−0.186%	$4K	$37K	20x	as long as short
Binance CRWDUSDTlong	0.0000%	8h	249.07	long leg	$2.4M	$7.2M	25x
Bybit CRWDUSDT	0.0000%	8h	248.80	−0.109%	$1.1M	$925K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.83	−0.097%	$625K	$731K	25x	as long as short
Bitget CRWDUSDTshort	0.0000%	8h	248.77	−0.121%	$294K	$501K	20x
Variational Omni CRWD	0.0000%	8h	248.92	−0.061%	$67K	$61K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	248.97	−0.041%	$834	$134K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.14	+0.028%	$2K	$1.5M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.23	+0.064%	$6K	$9K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.13	+0.024%	$1.5M	$220K	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	+0.0005%	8h	249.08	+0.004%	$73K	$25K	25x	as long as short
QFEX CRWD-USD	+0.0029%	1h	249.05	−0.008%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.85	−0.087%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.85	−0.089%	$869K	$698K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.00	−0.028%	$34K	$573K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	251.63	+1.028%	$15K	$101	12x	as long as short
Phoenix CRWD	+0.0256%	1h	249.00	−0.028%	$5	$168K	10x	as long as short
Paragon para:CRWD	+0.0453%	1h	248.97	−0.042%	$84K	$160K	10x	as long as short