Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: QFEX against Injective+1.440%7-day average — · you sell dearer than you buy

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

Long on Injective 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 1.440% dearer against Injective than usual: you sell high and buy low, +$144 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CRWD/USDC PERP	246.50	0.0033	pay 0.0004% / 1h	44m 02s	$22K	$20K	12x
Short	QFEX CRWD-USD	250.05	0.0033	get 0.0004% / 1h	44m 02s	$1.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Injective. 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 InjectivebpFee QFEXbpOrdersPrice spread, now +1.440%Rate

Funding earned: $0.01
Price spread: +1.440% → 0.000%: $144.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee QFEX: 5 bp × 2 orders: −$10
Net: $134
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; QFEX: 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 Injective no order-book sample	—	—	—	—	—
Sell QFEX live order book, 7 min ago	2.00 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit

Injective: 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 exchanges

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
BloFin CRWD-USDT	−0.0009%	8h	250.03	+1.432%	$71K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.02	+1.426%	$4K	$36K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.05	+1.440%	$2.5M	$7.6M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.88	+1.371%	$1.1M	$470K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.20	+1.501%	$547K	$773K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.88	+1.371%	$305K	$408K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.03	+1.433%	$71K	$54K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	250.13	+1.473%	$413	$127K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	250.21	+1.505%	$2K	$1.0M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.22	+1.509%	$6K	$7K	20x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	250.05	+1.440%	$1.5M	$239K	10x	as long as short
Injective CRWD/USDC PERPlong	+0.0033%	1h	246.50	long leg	$22K	$20K	12x
QFEX CRWD-USDshort	+0.0033%	1h	250.05	+1.440%	$1.2M	$2.6M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	249.80	+1.339%	$99K	$200	10x	as long as short
tradeXYZ xyz:CRWD	+0.0055%	1h	249.88	+1.371%	$897K	$697K	10x	as long as short
Paragon para:CRWD	+0.0060%	1h	249.78	+1.329%	$84K	$108K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.01	+1.424%	$36K	$459K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	249.95	+1.400%	$6	$120K	10x	as long as short