Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0418%/8h= −45.7% APRpaid last 24h −0.048%

Price spread now: BloFin against Paragon+0.105%7-day average — · you sell dearer than you buy

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

Long on Paragon 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—needs both histories

The price spread pays, funding is against you. BloFin is 0.105% dearer against Paragon than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:CRWD	248.78	0.0403	pay 0.0050% / 1h	34m 42s	$84K	$108K	10x
Short	BloFin CRWD-USDT	249.04	−0.0015	pay 0.0015% / 8h	4h 34m	$72K	$24K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Paragon. 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 ParagonbpFee BloFinbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$87.69
Price spread: +0.105% → 0.000%: $10.45
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$99.24
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 61 min ago; 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 Paragon live order book, 61 min ago	2.82 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

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	245.61	−1.274%	$22K	$20K	12x	as long as short
BloFin CRWD-USDTshort	−0.0015%	8h	249.04	+0.105%	$72K	$24K	25x
Aster CRWDUSDT	0.0000%	8h	248.90	+0.048%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.01	+0.092%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.67	−0.044%	$1.1M	$531K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.90	+0.048%	$599K	$658K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.02	+0.096%	$291K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	248.99	+0.083%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.00	+0.088%	$513	$113K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	248.96	+0.072%	$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	249.22	+0.177%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.10	+0.129%	$1.5M	$192K	10x	as long as short
QFEX CRWD-USD	+0.0040%	1h	248.95	+0.068%	$1.2M	$2.7M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.81	+0.012%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.94	+0.064%	$863K	$626K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.86	+0.032%	$34K	$395K	20x	as long as short
Phoenix CRWD	+0.0225%	1h	249.06	+0.113%	$4	$106K	10x	as long as short
Paragon para:CRWDlong	+0.0403%	1h	248.78	long leg	$84K	$108K	10x