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 0.000%

Price spread now: SunX against OKX+0.080%47s7-day average −0.033% · you sell dearer than you buy

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

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.080%, 7d avg −0.033%

Together, before fees−0.073%−$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: SunX is 0.113% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRWD-USDT-SWAP	250.56	0	get 0.0000% / 8h	3m 31s	$545K	$766K	25x
Short	SunX CRWD-USDT	250.76	0	get 0.0000% / 8h	3m 31s	$2K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → −0.033%: $11.3
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$6.7
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 33 min ago; SunX: live order book, 9 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 OKX live order book, 33 min ago	3.39 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	500.33 bp	doesn't fit	doesn't fit	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	246.01	−1.816%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0007%	8h	250.70	+0.056%	$70K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.67	+0.045%	$4K	$35K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.85	+0.116%	$2.5M	$7.3M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.59	+0.012%	$1.2M	$440K	25x	as long as short
OKX CRWD-USDT-SWAPlong	0.0000%	8h	250.56	long leg	$545K	$766K	25x
Bitget CRWDUSDT	0.0000%	8h	250.56	0.000%	$305K	$411K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.80	+0.094%	$68K	$56K	—	as long as short
SunX CRWD-USDTshort	0.0000%	8h	250.76	+0.080%	$2K	$1.1M	10x
HTX CRWD-USDT	0.0000%	8h	250.98	+0.168%	$6K	$7K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	250.95	+0.156%	$1.5M	$221K	10x	as long as short
QFEX CRWD-USD	+0.0017%	1h	250.89	+0.132%	$1.2M	$2.7M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.60	+0.018%	$100K	—	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0052%	8h	250.74	+0.072%	$1K	$124K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0087%	1h	250.69	+0.052%	$893K	$676K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.66	+0.040%	$34K	$255K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.49	−0.028%	$3	$121K	10x	as long as short
Paragon para:CRWD	+0.0390%	1h	250.60	+0.016%	$85K	$108K	10x	as long as short