Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Extended against Binance−0.279%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$980.980% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.279%, 7d avg −0.028%

Together, before fees+0.180%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.251% cheaper against Binance than usual: you would sell low and buy high (spread −0.279% now, against its 7-day average of −0.028%). If the spread goes back, that is −$25 on $10k: about 17 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRWDUSDT	250.76	0	get 0.0000% / 8h	9m 25s	$2.5M	$7.3M	25x
Short	Extended CRWD_24_5-USD	250.06	0.0048	get 0.0006% / 1h	9m 25s	$100K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.279%Rate

Funding earned: $10.08
Price spread: −0.279% → −0.028%: −$25.13
Slippage, 4 orders: −$83.03
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$113.09
Costs to cover: 0.980%
Break-even: 85.5 days

Slippage from Binance: live order book, 14 min ago; Extended: live order book, 84 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	1.79 bp	13.4 bp −$13	34.8 bp −$348	doesn't fit	doesn't fit
Sell Extended live order book, 84 min ago	33.73 bp	36.2 bp −$36	doesn't fit	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	246.01	−1.894%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.62	−0.055%	$4K	$35K	20x	as long as short
Binance CRWDUSDTlong	0.0000%	8h	250.76	long leg	$2.5M	$7.3M	25x
Bybit CRWDUSDT	0.0000%	8h	250.38	−0.152%	$1.1M	$440K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.56	−0.080%	$545K	$766K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.69	−0.028%	$305K	$410K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.84	+0.031%	$68K	$56K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.73	−0.012%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	251.00	+0.096%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	250.77	+0.004%	$1.5M	$221K	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	+0.0009%	8h	250.95	+0.076%	$70K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0017%	1h	250.66	−0.040%	$1.2M	$2.7M	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0044%	8h	250.84	+0.032%	$446	$124K	10x	as long as short
Extended CRWD_24_5-USDshort	+0.0048%	1h	250.06	−0.279%	$100K	—	10x
KuCoin CRWDUSDTM	+0.0100%	8h	250.70	−0.024%	$34K	$247K	20x	as long as short
tradeXYZ xyz:CRWD	+0.0102%	1h	250.46	−0.120%	$893K	$676K	10x	as long as short
Phoenix CRWD	+0.0128%	1h	250.67	−0.036%	$4	$121K	10x	as long as short
Paragon para:CRWD	+0.0413%	1h	250.48	−0.112%	$84K	$108K	10x	as long as short