Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%

Price spread now: tradeXYZ against SunX−0.096%7-day average −0.013% · you buy dearer than you sell

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

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.279%−$28 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.096%, 7d avg −0.013%

Together, before fees−0.200%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.083% cheaper against SunX than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.013%). If the spread goes back, that is −$8 on $10k: about 5.6 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.279%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRWD-USDT	249.26	0	get 0.0000% / 8h	5h 01m	$2K	$1.2M	10x
Short	tradeXYZ xyz:CRWD	249.02	0.0050	get 0.0006% / 1h	1m 05s	$863K	$626K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.096%Rate

Funding earned: $10.5
Price spread: −0.096% → −0.013%: −$8.33
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$23.83
Costs to cover: 0.260%
Break-even: 22.9 days

Slippage unknown: SunX: live order book, 2 min ago; tradeXYZ: live order book, 36 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, 2 min ago	500.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 36 min ago	3.21 bp	20.5 bp −$21	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	240.64	−3.458%	$21K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0011%	8h	249.30	+0.016%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.15	−0.044%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.30	+0.016%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.04	−0.088%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.30	+0.016%	$601K	$652K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.17	−0.036%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.26	−0.001%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.22	−0.016%	$1K	$112K	10x	as long as short
SunX CRWD-USDTlong	0.0000%	8h	249.26	long leg	$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	249.44	+0.072%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.30	+0.016%	$1.5M	$191K	10x	as long as short
QFEX CRWD-USD	+0.0046%	1h	249.20	−0.024%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.00	−0.104%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWDshort	+0.0050%	1h	249.02	−0.096%	$863K	$626K	10x
KuCoin CRWDUSDTM	+0.0100%	8h	249.25	−0.004%	$34K	$420K	20x	as long as short
Paragon para:CRWD	+0.0274%	1h	248.81	−0.179%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0289%	1h	249.14	−0.048%	$6	$106K	10x	as long as short