Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h +0.009%

Price spread now: tradeXYZ against BloFin−0.112%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.112% cheaper against BloFin than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRWD-USDT	249.30	−0.0011	get 0.0011% / 8h	4h 59m	$72K	$24K	25x
Short	tradeXYZ xyz:CRWD	249.02	0.0130	get 0.0016% / 1h	59m 13s	$863K	$626K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.112%Rate

Funding earned: $29.69
Price spread: −0.112% → 0.000%: −$11.23
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$11.54
Costs to cover: 0.300%
Break-even: 9.7 days

Slippage unknown: BloFin: no order-book sample; tradeXYZ: live order book, 37 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 tradeXYZ live order book, 37 min ago	3.21 bp	20.5 bp −$21	doesn't fit	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	245.61	−1.480%	$22K	$20K	12x	as long as short
BloFin CRWD-USDTlong	−0.0011%	8h	249.30	long leg	$72K	$24K	25x
Aster CRWDUSDT	0.0000%	8h	249.07	−0.094%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.24	−0.025%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.95	−0.140%	$1.1M	$529K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.30	0.000%	$601K	$652K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.17	−0.052%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.26	−0.017%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.22	−0.032%	$1K	$112K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.17	−0.052%	$2K	$1.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	249.37	+0.028%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.25	−0.020%	$1.5M	$191K	10x	as long as short
QFEX CRWD-USD	+0.0046%	1h	249.20	−0.040%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.88	−0.168%	$99K	—	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.20	−0.040%	$34K	$418K	20x	as long as short
tradeXYZ xyz:CRWDshort	+0.0130%	1h	249.02	−0.112%	$863K	$626K	10x
Phoenix CRWD	+0.0289%	1h	249.14	−0.064%	$7	$106K	10x	as long as short
Paragon para:CRWD	+0.0469%	1h	248.82	−0.193%	$84K	$108K	10x	as long as short