Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance+0.008%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.388%−$39 · spread now +0.008%, 7d avg +0.038%

Together, before fees−0.378%−$38 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: OKX is 0.030% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRWDUSDT	250.56	0	get 0.0000% / 8h	6h 06m	$2.5M	$7.5M	25x
Short	OKX CRWD-USDT-SWAP	250.58	0	get 0.0000% / 8h	6h 06m	$551K	$784K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → +0.038%: −$3.01
Slippage, 4 orders: −$61.29
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$84.3
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; OKX: live order book, 42 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, 11 min ago	2.59 bp	12.4 bp −$12	41.3 bp −$413	doesn't fit	doesn't fit
Sell OKX live order book, 42 min ago	6.97 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit

CRWD on 18 exchanges

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	251.56	+0.399%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0019%	8h	250.66	+0.040%	$71K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.51	−0.018%	$4K	$36K	20x	as long as short
Binance CRWDUSDTlong	0.0000%	8h	250.56	long leg	$2.5M	$7.5M	25x
Bybit CRWDUSDT	0.0000%	8h	250.33	−0.092%	$1.1M	$474K	25x	as long as short
OKX CRWD-USDT-SWAPshort	0.0000%	8h	250.58	+0.008%	$551K	$784K	25x
Bitget CRWDUSDT	0.0000%	8h	250.43	−0.052%	$305K	$409K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.44	−0.048%	$71K	$55K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.53	−0.012%	$1K	$123K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	250.65	+0.036%	$2K	$1.1M	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	250.76	+0.080%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	250.54	−0.008%	$1.5M	$234K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.13	−0.173%	$100K	$200	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	250.32	−0.096%	$897K	$701K	10x	as long as short
QFEX CRWD-USD	+0.0061%	1h	250.53	−0.012%	$1.2M	$2.7M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.58	+0.008%	$37K	$366K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.51	−0.020%	$6	$120K	10x	as long as short
Paragon para:CRWD	+0.0147%	1h	250.34	−0.086%	$85K	$108K	10x	as long as short