Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.014%

Price spread now: BloFin against Extended+0.123%7-day average — · you sell dearer than you buy

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

Long on Extended Short on BloFin

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 airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. BloFin is 0.123% dearer against Extended than usual: you sell high and buy low (spread +0.123% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRWD_24_5-USD	248.78	0.0048	pay 0.0006% / 1h	56m 38s	$99K	—	10x
Short	BloFin CRWD-USDT	249.09	−0.0012	pay 0.0012% / 8h	6h 56m	$72K	$24K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$12.7
Price spread: +0.123% → 0.000%: $12.26
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$17.44
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; BloFin: no order-book sample. 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 Extended no order-book sample	—	—	—	—	—
Sell BloFin no order-book sample	—	—	—	—	—

Extended and 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	239.49	−3.736%	$21K	$19K	12x	as long as short
BloFin CRWD-USDTshort	−0.0012%	8h	249.09	+0.123%	$72K	$24K	25x
Aster CRWDUSDT	0.0000%	8h	249.02	+0.096%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.00	+0.087%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.01	+0.090%	$1.2M	$561K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.78	−0.002%	$614K	$624K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.11	+0.131%	$292K	$417K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.29	+0.205%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.23	+0.178%	$513	$109K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.04	+0.102%	$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	249.19	+0.163%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.03	+0.098%	$1.5M	$191K	10x	as long as short
QFEX CRWD-USD	+0.0023%	1h	248.93	+0.058%	$1.2M	$2.9M	10x	as long as short
tradeXYZ xyz:CRWD	+0.0024%	1h	248.83	+0.018%	$867K	$633K	10x	as long as short
Extended CRWD_24_5-USDlong	+0.0048%	1h	248.78	long leg	$99K	—	10x
Paragon para:CRWD	+0.0090%	1h	249.06	+0.109%	$84K	$108K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.00	+0.086%	$35K	$471K	20x	as long as short
Phoenix CRWD	+0.0321%	1h	249.16	+0.151%	$3	$104K	10x	as long as short