Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX−0.048%7-day average −0.008% · you buy dearer than you sell

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.115%+$12 · spread now −0.048%, 7d avg −0.008%

Together, before fees+0.115%+$12 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: Bitget is 0.040% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRWD-USDT	248.81	0	get 0.0000% / 8h	44m 20s	$2K	$1.3M	10x
Short	Bitget CRWDUSDT	248.69	0	get 0.0000% / 8h	44m 20s	$291K	$490K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.008%: −$4.01
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.01
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Bitget: live order book, 30 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 SunX live order book, 10 min ago	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 30 min ago	7.24 bp	14.0 bp −$14	38.3 bp −$383	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	−0.0011%	8h	248.85	+0.016%	$73K	$25K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.71	−0.040%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	248.87	+0.024%	$2.4M	$7.0M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.61	−0.080%	$1.2M	$678K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.96	+0.060%	$621K	$724K	25x	as long as short
Bitget CRWDUSDTshort	0.0000%	8h	248.69	−0.048%	$291K	$490K	20x
Variational Omni CRWD	0.0000%	8h	248.75	−0.023%	$67K	$61K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	248.82	+0.005%	$445	$124K	10x	as long as short
SunX CRWD-USDTlong	0.0000%	8h	248.81	long leg	$2K	$1.3M	10x
HTX CRWD-USDT	0.0000%	8h	249.06	+0.100%	$6K	$8K	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	248.87	+0.024%	$1.5M	$204K	10x	as long as short
QFEX CRWD-USD	+0.0028%	1h	248.88	+0.028%	$1.2M	$2.9M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.58	−0.094%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.70	−0.044%	$866K	$654K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.66	−0.060%	$35K	$499K	20x	as long as short
Paragon para:CRWD	+0.0210%	1h	248.64	−0.069%	$84K	$113K	10x	as long as short
Injective CRWD/USDC PERP	+0.0220%	1h	251.26	+0.985%	$15K	$100	12x	as long as short
Phoenix CRWD	+0.0257%	1h	248.97	+0.064%	$4	$155K	10x	as long as short