Funding arb · Price arb /

CRWD

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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 0.000%

Price spread now: SunX against Bitget−0.036%7-day average +0.009% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now −0.036%, 7d avg +0.009%

Together, before fees−0.111%−$11 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: SunX is 0.045% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRWDUSDT	249.01	0	get 0.0000% / 8h	4h 36m	$291K	$416K	20x
Short	SunX CRWD-USDT	248.92	0	get 0.0000% / 8h	4h 36m	$2K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.009%: −$4.49
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24.49
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 18 min ago; SunX: live order book, 7 min ago. Net counts fees only.

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, 18 min ago	12.45 bp	25.8 bp −$26	43.0 bp −$430	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	500.16 bp	doesn't fit	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	245.61	−1.365%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0001%	8h	249.04	+0.012%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.84	−0.067%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.04	+0.013%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.61	−0.161%	$1.1M	$531K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.90	−0.044%	$599K	$658K	25x	as long as short
Bitget CRWDUSDTlong	0.0000%	8h	249.01	long leg	$291K	$416K	20x
Variational Omni CRWD	0.0000%	8h	248.97	−0.014%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.01	0.000%	$513	$113K	10x	as long as short
SunX CRWD-USDTshort	0.0000%	8h	248.92	−0.036%	$2K	$1.2M	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	249.15	+0.056%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.10	+0.036%	$1.5M	$192K	10x	as long as short
QFEX CRWD-USD	+0.0040%	1h	248.97	−0.016%	$1.2M	$2.7M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.95	−0.024%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.97	−0.016%	$863K	$626K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.89	−0.048%	$34K	$397K	20x	as long as short
Phoenix CRWD	+0.0225%	1h	249.06	+0.020%	$4	$106K	10x	as long as short
Paragon para:CRWD	+0.0413%	1h	248.77	−0.096%	$84K	$108K	10x	as long as short