Funding arb · Price arb /

CRWD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%

Price spread now: tradeXYZ against Variational Omni−0.038%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.038% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRWD	249.14	0	get 0.0000% / 8h	6h 14m	$67K	$60K	—
Short	tradeXYZ xyz:CRWD	249.05	0.0050	get 0.0006% / 1h	14m 14s	$868K	$632K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.038%Rate

Funding earned: $10.5
Price spread: −0.038% → 0.000%: −$3.77
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$11.27
Costs to cover: 0.180%
Break-even: 14.5 days

Slippage unknown: Variational Omni: no order-book sample; tradeXYZ: live order book, 32 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 tradeXYZ live order book, 32 min ago	3.01 bp	18.9 bp −$19	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 17 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	239.49	−3.875%	$21K	$19K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.09	−0.022%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.25	+0.042%	$2.4M	$6.7M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.98	−0.066%	$1.2M	$533K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.87	−0.110%	$614K	$616K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.06	−0.034%	$292K	$416K	20x	as long as short
Variational Omni CRWDlong	0.0000%	8h	249.14	long leg	$67K	$60K	—
GRVT CRWD_USDT_Perp	0.0000%	8h	249.30	+0.064%	$643	$110K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.26	+0.047%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	249.42	+0.111%	$6K	$7K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	249.29	+0.059%	$1.5M	$190K	10x	as long as short
QFEX CRWD-USD	+0.0023%	1h	249.20	+0.023%	$1.2M	$2.8M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.76	−0.152%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWDshort	+0.0050%	1h	249.05	−0.038%	$868K	$632K	10x
KuCoin CRWDUSDTM	+0.0100%	8h	249.08	−0.026%	$34K	$464K	20x	as long as short
Phoenix CRWD	+0.0257%	1h	249.31	+0.067%	$4	$106K	10x	as long as short
Paragon para:CRWD	+0.0279%	1h	248.82	−0.128%	$84K	$108K	10x	as long as short