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 +0.015%

Price spread now: OKX against Bybit+0.133%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2742.736% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)−0.205%−$20 · spread now +0.133%, 7d avg +0.053%

Together, before fees−0.072%−$7 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 0.079% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRWDUSDT	248.81	0	get 0.0000% / 8h	5h 49m	$1.1M	$529K	25x
Short	OKX CRWD-USDT-SWAP	249.14	0	get 0.0000% / 8h	5h 49m	$615K	$615K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.053%: $7.93
Slippage, 4 orders: −$252.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$265.62
Costs to cover: 2.736%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 11 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 Bybit live order book, 1 min ago	5.22 bp	49.2 bp −$49	200.2 bp −$2,002	doesn't fit	doesn't fit
Sell OKX live order book, 11 min ago	6.02 bp	40.3 bp −$40	doesn't fit	doesn't fit	doesn't fit

CRWD on 17 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	240.64	−3.284%	$21K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.00	+0.076%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.04	+0.093%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDTlong	0.0000%	8h	248.81	long leg	$1.1M	$529K	25x
OKX CRWD-USDT-SWAPshort	0.0000%	8h	249.14	+0.133%	$615K	$615K	25x
Bitget CRWDUSDT	0.0000%	8h	249.01	+0.080%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.01	+0.079%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.12	+0.125%	$678	$111K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.03	+0.088%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.21	+0.161%	$6K	$7K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	249.13	+0.129%	$1.5M	$191K	10x	as long as short
QFEX CRWD-USD	+0.0046%	1h	248.96	+0.060%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.86	+0.020%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.92	+0.044%	$867K	$627K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.99	+0.072%	$34K	$453K	20x	as long as short
Phoenix CRWD	+0.0289%	1h	249.02	+0.084%	$2	$106K	10x	as long as short
Paragon para:CRWD	+0.0319%	1h	248.64	−0.069%	$84K	$108K	10x	as long as short