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 Phemex+0.032%7-day average +0.004% · you sell dearer than you buy

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

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.032%, 7d avg +0.004%

Together, before fees−0.059%−$6 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 0.027% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex CRWDUSDT	251.34	0	get 0.0000% / 8h	2h 08m	$1.5M	$213K	10x
Short	SunX CRWD-USDT	251.42	0	get 0.0000% / 8h	2h 08m	$2K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Phemex. 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 PhemexbpFee SunXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → +0.004%: $2.74
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.26
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; SunX: live order book, 5 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 Phemex live order book, 5 min ago	2.38 bp	41.1 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.27 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	246.46	−1.942%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	251.24	−0.041%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	251.31	−0.012%	$2.5M	$7.1M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	251.18	−0.064%	$1.2M	$550K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	251.14	−0.080%	$601K	$699K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	251.13	−0.084%	$294K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	251.65	+0.124%	$68K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	251.67	+0.132%	$1K	$123K	10x	as long as short
SunX CRWD-USDTshort	0.0000%	8h	251.42	+0.032%	$2K	$1.2M	10x
HTX CRWD-USDT	0.0000%	8h	251.84	+0.199%	$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 CRWDUSDTlong	0.0000%	8h	251.34	long leg	$1.5M	$213K	10x
BloFin CRWD-USDT	+0.0016%	8h	251.54	+0.080%	$72K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0044%	1h	251.35	+0.004%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	251.00	−0.135%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0071%	1h	251.03	−0.123%	$893K	$676K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	251.18	−0.064%	$34K	$287K	20x	as long as short
Paragon para:CRWD	+0.0140%	1h	251.06	−0.109%	$85K	$108K	10x	as long as short
Phoenix CRWD	+0.0160%	1h	251.36	+0.008%	$2	$106K	10x	as long as short