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 Bitget−0.219%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$339as in the Funding arb table

Net, price: spread back to 7d avg − costs−$342as in the Price arb table

costs, in and out, $10k−$3223.218% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+0.250%+$25 · spread now −0.219%, 7d avg −0.017%

Together, before fees+0.077%+$8 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 0.202% cheaper against Bitget than usual: you would sell low and buy high, −$20 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	Bitget CRWDUSDT	250.74	0	get 0.0000% / 8h	1h 12m	$313K	$437K	20x
Short	Bybit CRWDUSDT	250.19	0	get 0.0000% / 8h	1h 12m	$1.1M	$482K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.219%Rate

Funding earned: $0
Price spread: −0.219% → −0.017%: −$20.21
Slippage, 4 orders: −$298.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$342.05
Costs to cover: 3.218%
Break-even: never at this rate

Slippage from Bitget: live order book, 27 min ago; Bybit: live order book, 3 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 Bitget live order book, 27 min ago	18.14 bp	26.9 bp −$27	35.3 bp −$353	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.40 bp	134.3 bp −$134	212.4 bp −$2,124	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	244.15	−2.628%	$21K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0007%	8h	250.38	−0.144%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.27	−0.189%	$4K	$35K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.30	−0.175%	$2.5M	$7.1M	25x	as long as short
Bybit CRWDUSDTshort	0.0000%	8h	250.19	−0.219%	$1.1M	$482K	25x
OKX CRWD-USDT-SWAP	0.0000%	8h	250.27	−0.187%	$592K	$703K	25x	as long as short
Bitget CRWDUSDTlong	0.0000%	8h	250.74	long leg	$313K	$437K	20x
Variational Omni CRWD	0.0000%	8h	250.41	−0.133%	$67K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.42	−0.128%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.54	−0.080%	$6K	$7K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	250.31	−0.171%	$1.5M	$211K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.44	−0.120%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	250.31	−0.171%	$892K	$674K	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0060%	8h	250.37	−0.149%	$608	$125K	10x	as long as short
QFEX CRWD-USD	+0.0064%	1h	250.33	−0.164%	$1.2M	$2.7M	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.22	−0.207%	$34K	$245K	20x	as long as short
Phoenix CRWD	+0.0286%	1h	250.22	−0.207%	$5	$106K	10x	as long as short
Paragon para:CRWD	+0.0403%	1h	250.06	−0.271%	$84K	$108K	10x	as long as short