Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against Binance−0.040%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1841.841% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 2 days (all we have)+0.070%+$7 · spread now −0.040%, 7d avg −0.017%

Together, before fees−0.053%−$5 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: Bybit is 0.023% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRWDUSDT	248.77	0	get 0.0000% / 8h	6h 39m	$2.4M	$6.7M	25x
Short	Bybit CRWDUSDT	248.67	0	get 0.0000% / 8h	6h 39m	$1.1M	$559K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.017%: −$2.27
Slippage, 4 orders: −$163.11
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$186.38
Costs to cover: 1.841%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 1 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	2.41 bp	15.8 bp −$16	57.8 bp −$578	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	7.24 bp	109.2 bp −$109	316.5 bp −$3,165	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	239.49	−3.730%	$21K	$19K	12x	as long as short
BloFin CRWD-USDT	−0.0017%	8h	249.12	+0.141%	$73K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.74	−0.012%	$4K	$37K	20x	as long as short
Binance CRWDUSDTlong	0.0000%	8h	248.77	long leg	$2.4M	$6.7M	25x
Bybit CRWDUSDTshort	0.0000%	8h	248.67	−0.040%	$1.1M	$559K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	248.61	−0.064%	$614K	$615K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	248.86	+0.036%	$291K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	248.93	+0.065%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.13	+0.143%	$1K	$109K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	248.83	+0.024%	$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	249.11	+0.137%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	248.79	+0.008%	$1.5M	$191K	10x	as long as short
QFEX CRWD-USD	+0.0023%	1h	248.79	+0.008%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.45	−0.127%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.61	−0.064%	$866K	$632K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.77	0.000%	$35K	$473K	20x	as long as short
Paragon para:CRWD	+0.0253%	1h	248.70	−0.027%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0257%	1h	248.97	+0.080%	$6	$106K	10x	as long as short