Funding arb · Price arb /

CRWD

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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: QFEX against Variational Omni−0.002%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRWD	248.97	0	get 0.0000% / 8h	4h 36m	$67K	$60K	—
Short	QFEX CRWD-USD	248.97	0.0040	get 0.0005% / 1h	36m 13s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Variational Omni. 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 Variational OmnibpFee QFEXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $8.47
Price spread: −0.002% → 0.000%: −$0.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$1.69
Costs to cover: 0.100%
Break-even: 8.4 days

Slippage unknown: Variational Omni: no order-book sample; QFEX: live order book, 12 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 Variational Omni no order-book sample	—	—	—	—	—
Sell QFEX live order book, 12 min ago	2.21 bp	9.3 bp −$9	doesn't fit	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−1.351%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0001%	8h	249.04	+0.027%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.84	−0.053%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.04	+0.028%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.61	−0.146%	$1.1M	$531K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.90	−0.030%	$599K	$658K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.01	+0.014%	$291K	$416K	20x	as long as short
Variational Omni CRWDlong	0.0000%	8h	248.97	long leg	$67K	$60K	—
GRVT CRWD_USDT_Perp	0.0000%	8h	249.01	+0.014%	$513	$113K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	248.92	−0.022%	$2K	$1.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	249.15	+0.071%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.10	+0.051%	$1.5M	$192K	10x	as long as short
QFEX CRWD-USDshort	+0.0040%	1h	248.97	−0.002%	$1.2M	$2.7M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	248.95	−0.010%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.97	−0.002%	$863K	$626K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.89	−0.034%	$34K	$397K	20x	as long as short
Phoenix CRWD	+0.0225%	1h	249.06	+0.035%	$4	$106K	10x	as long as short
Paragon para:CRWD	+0.0413%	1h	248.77	−0.082%	$84K	$108K	10x	as long as short