Funding you earn now, next payment 02:00 UTC+0.0293%/8h= +32.0% APRpaid last 24h +0.064%
Price spread now: Paragon against Bybit−0.087%7-day average +0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1531.531% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.087%, 7d avg +0.104%
=Funding pays, the price is against you. Paragon is 0.191% cheaper against Bybit than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of +0.104%). If the spread goes back, that is −$19 on $10k: about 2.2 days of funding at the current rate (+$9 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CRWDUSDT | 249.12 | 0 | get 0.0000% / 8h | 6h 18m | $1.2M | $533K | 25x |
| Short | Paragon para:CRWD | 248.90 | 0.0293 | get 0.0037% / 1h | 18m 23s | $84K | $108K | 10x |
Bybit CRWDUSDT
Paragon para:CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $61.43
- Price spread: −0.087% → +0.104%
- −$19.1
- Slippage, 4 orders
- −$132.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$110.81
- Costs to cover
- 1.531%
- Break-even
- 19.6 days
Slippage from Bybit: live order book, 2 min ago; Paragon: live order book, 27 min ago.
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 Bybit live order book, 2 min ago | 5.82 bp | 41.8 bp −$42 | 193.6 bp −$1,936 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 27 min ago | 6.43 bp | 25.8 bp −$26 | 119.8 bp −$1,198 | doesn't fit | doesn't fit |
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 | −3.866% | $21K | $19K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 249.18 | +0.025% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 249.25 | +0.052% | $2.4M | $6.7M | 25x | as long as short |
| Bybit CRWDUSDTlong | 0.0000% | 8h | 249.12 | long leg | $1.2M | $533K | 25x | |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 249.05 | −0.028% | $615K | $617K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.06 | −0.024% | $292K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.33 | +0.084% | $67K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 249.11 | −0.005% | $790 | $110K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 249.29 | +0.068% | $2K | $1.2M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 249.42 | +0.120% | $6K | $7K | 20x | as long as short |
Injective CRWD/USDC PERP
Aster CRWDUSDT
Binance CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
GRVT CRWD_USDT_Perp
SunX CRWD-USDT
HTX CRWD-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex CRWDUSDT | 0.0000% | 8h | 249.25 | +0.052% | $1.5M | $190K | 10x | as long as short |
| QFEX CRWD-USD | +0.0023% | 1h | 249.19 | +0.028% | $1.2M | $2.8M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 249.02 | −0.040% | $99K | — | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 249.10 | −0.008% | $868K | $632K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 249.16 | +0.016% | $34K | $468K | 20x | as long as short |
| Phoenix CRWD | +0.0257% | 1h | 249.24 | +0.048% | $6 | $106K | 10x | as long as short |
| Paragon para:CRWDshort | +0.0293% | 1h | 248.90 | −0.087% | $84K | $108K | 10x |
Phemex CRWDUSDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
KuCoin CRWDUSDTM
Phoenix CRWD