Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.001%

Price spread now: QFEX against BloFin−0.016%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRWD-USDT	249.68	0.0011	pay 0.0011% / 8h	3h 04m	$72K	$24K	25x
Short	QFEX CRWD-USD	249.64	0.0024	get 0.0003% / 1h	4m 38s	$1.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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 BloFinbpFee QFEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $2.7
Price spread: −0.016% → 0.000%: −$1.6
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.9
Costs to cover: 0.220%
Break-even: 61.2 days

Slippage unknown: BloFin: no order-book sample; QFEX: live order book, 3 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 BloFin no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	1.60 bp	7.6 bp −$8	16.8 bp −$168	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	245.36	−1.730%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.68	−0.002%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.66	−0.007%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.46	−0.088%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.50	−0.072%	$597K	$669K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.72	+0.016%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.65	−0.013%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.75	+0.028%	$697	$117K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.56	−0.048%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.91	+0.092%	$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	249.70	+0.008%	$1.5M	$197K	10x	as long as short
BloFin CRWD-USDTlong	+0.0011%	8h	249.68	long leg	$72K	$24K	25x
QFEX CRWD-USDshort	+0.0024%	1h	249.64	−0.016%	$1.2M	$2.6M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	249.65	−0.014%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.64	−0.016%	$859K	$632K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.67	−0.004%	$34K	$321K	20x	as long as short
Paragon para:CRWD	+0.0314%	1h	249.59	−0.036%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0353%	1h	249.78	+0.040%	$3	$106K	10x	as long as short