Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.049%

Price spread now: SunX against Paragon+0.042%7-day average −0.089% · you sell dearer than you buy

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

Long on Paragon Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 3 days (all we have)−0.099%−$10 · spread now +0.042%, 7d avg −0.089%

Together, before fees+0.118%+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.131% dearer against Paragon than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.089%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.217%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:CRWD	249.21	0.0060	pay 0.0008% / 1h	0m 15s	$84K	$108K	10x
Short	SunX CRWD-USDT	249.31	0	get 0.0000% / 8h	7h 00m	$2K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$12.6
Price spread: +0.042% → −0.089%: $13.08
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.52
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 55 min ago; SunX: live order book, 3 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 Paragon live order book, 55 min ago	5.01 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.32 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
BloFin CRWD-USDT	−0.0002%	8h	249.27	+0.026%	$73K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.22	+0.007%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.27	+0.026%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.11	−0.038%	$1.2M	$566K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.25	+0.018%	$615K	$626K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.19	−0.006%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.29	+0.035%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.18	−0.011%	$1K	$108K	10x	as long as short
SunX CRWD-USDTshort	0.0000%	8h	249.31	+0.042%	$2K	$1.2M	10x
HTX CRWD-USDT	0.0000%	8h	249.49	+0.114%	$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	249.27	+0.026%	$1.5M	$191K	10x	as long as short
QFEX CRWD-USD	+0.0030%	1h	249.20	−0.002%	$1.2M	$2.9M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.05	−0.062%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.05	−0.062%	$867K	$632K	10x	as long as short
Paragon para:CRWDlong	+0.0060%	1h	249.21	long leg	$84K	$108K	10x
KuCoin CRWDUSDTM	+0.0100%	8h	249.19	−0.006%	$34K	$471K	20x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	238.48	−4.304%	$21K	$19K	12x	as long as short
Phoenix CRWD	+0.0321%	1h	249.16	−0.018%	$5	$140K	10x	as long as short