Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.001%

Price spread now: SunX against QFEX−0.020%7-day average +0.025% · you buy dearer than you sell

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.020%, 7d avg +0.025%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.045% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWD-USD	249.07	0.0040	pay 0.0005% / 1h	8m 06s	$1.2M	$2.7M	10x
Short	SunX CRWD-USDT	249.02	0	get 0.0000% / 8h	4h 08m	$2K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against QFEX. 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 QFEXbpFee SunXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$8.47
Price spread: −0.020% → +0.025%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$31.01
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: 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 QFEX live order book, 5 min ago	26.30 bp	31.8 bp −$32	40.5 bp −$405	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.16 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	245.61	−1.389%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0023%	8h	249.15	+0.032%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.04	−0.014%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.12	+0.020%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.01	−0.024%	$1.1M	$531K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.30	+0.092%	$600K	$658K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.10	+0.012%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.08	+0.004%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.16	+0.036%	$1K	$114K	10x	as long as short
SunX CRWD-USDTshort	0.0000%	8h	249.02	−0.020%	$2K	$1.2M	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	249.54	+0.189%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.13	+0.024%	$1.5M	$192K	10x	as long as short
QFEX CRWD-USDlong	+0.0040%	1h	249.07	long leg	$1.2M	$2.7M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	248.98	−0.036%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.12	+0.020%	$864K	$626K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.10	+0.012%	$34K	$372K	20x	as long as short
Phoenix CRWD	+0.0225%	1h	249.17	+0.040%	$4	$106K	10x	as long as short
Paragon para:CRWD	+0.0338%	1h	248.92	−0.060%	$84K	$108K	10x	as long as short