Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.031%

Price spread now: QFEX against KuCoin+0.036%7-day average −0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$500as in the Price arb table

costs, in and out, $10k−$5155.152% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.152%−$15 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.036%, 7d avg −0.112%

Together, before fees−0.245%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.148% dearer against KuCoin than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.112%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRWDUSDTM	248.91	0.0100	pay 0.0100% / 8h	3h 36m	$34K	$347K	20x
Short	QFEX CRWD-USD	249.00	0.0024	get 0.0003% / 1h	36m 58s	$1.2M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$15.94
Price spread: +0.036% → −0.112%: $14.84
Slippage, 4 orders: −$493.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$516.33
Costs to cover: 5.152%
Break-even: never at this rate

Slippage from KuCoin: live order book, 35 min ago; QFEX: live order book, 6 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 KuCoin live order book, 35 min ago	14.05 bp	324.0 bp −$324	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.41 bp	8.6 bp −$9	15.5 bp −$155	doesn't fit	doesn't fit

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	−1.426%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0025%	8h	249.16	+0.100%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.03	+0.046%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.05	+0.056%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.95	+0.016%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.02	+0.044%	$596K	$667K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.10	+0.076%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.04	+0.053%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.02	+0.044%	$750	$115K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	248.91	0.000%	$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	249.25	+0.137%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.07	+0.064%	$1.5M	$194K	10x	as long as short
QFEX CRWD-USDshort	+0.0024%	1h	249.00	+0.036%	$1.2M	$2.6M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	248.91	−0.002%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.88	−0.012%	$861K	$627K	10x	as long as short
KuCoin CRWDUSDTMlong	+0.0100%	8h	248.91	long leg	$34K	$347K	20x
Phoenix CRWD	+0.0353%	1h	248.96	+0.020%	$3	$106K	10x	as long as short
Paragon para:CRWD	+0.0372%	1h	248.76	−0.060%	$84K	$108K	10x	as long as short