Funding you earn now, next payment 08:00 UTC+0.0207%/8h= +22.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.059%
Price spread now: Phoenix against Extended−0.072%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Phoenix is 0.072% cheaper against Extended than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 28 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.092% in total) that is about 5.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. 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 | Extended CRWD_24_5-USD | 249.65 | 0.0048 | pay 0.0006% / 1h | 27m 13s | $100K | $200 | 10x |
| Short | Phoenix CRWD | 249.47 | 0.0255 | get 0.0032% / 1h | 27m 13s | $8 | $120K | 10x |
Extended CRWD_24_5-USD
Phoenix CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $43.51
- Price spread: −0.072% → 0.000%
- −$7.21
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $24.3
- Costs to cover
- 0.120%
- Break-even
- 3.1 days
Slippage unknown: Extended: no order-book sample; Phoenix: live order book, 63 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 Extended no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 63 min ago | 3.19 bp | 19.6 bp −$20 | 61.1 bp −$611 | doesn't fit | doesn't fit |
Extended: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRWDUSDT | −0.0374% | 8h | 249.41 | −0.096% | $1.1M | $433K | 25x | as long as short |
| Injective CRWD/USDC PERP | −0.0220% | 1h | 247.18 | −0.989% | $22K | $20K | 12x | as long as short |
| Paragon para:CRWD | −0.0052% | 1h | 249.63 | −0.008% | $84K | $108K | 10x | as long as short |
| BloFin CRWD-USDT | −0.0002% | 8h | 249.57 | −0.032% | $70K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 249.98 | +0.134% | $4K | $36K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 249.66 | +0.004% | $2.5M | $7.4M | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 249.48 | −0.068% | $539K | $771K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.57 | −0.032% | $304K | $410K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.51 | −0.057% | $66K | $57K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 249.57 | −0.032% | $851 | $121K | 10x | as long as short |
Bybit CRWDUSDT
Injective CRWD/USDC PERP
Paragon para:CRWD
BloFin CRWD-USDT
Aster CRWDUSDT
Binance CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
GRVT CRWD_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX CRWD-USDT | 0.0000% | 8h | 249.46 | −0.076% | $1K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 249.67 | +0.008% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 249.66 | +0.004% | $1.5M | $228K | 10x | as long as short |
| QFEX CRWD-USD | +0.0030% | 1h | 249.67 | +0.008% | $1.2M | $2.7M | 10x | as long as short |
| Extended CRWD_24_5-USDlong | +0.0048% | 1h | 249.65 | long leg | $100K | $200 | 10x | |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 249.58 | −0.028% | $889K | $677K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 249.87 | +0.088% | $35K | $277K | 20x | as long as short |
| Phoenix CRWDshort | +0.0255% | 1h | 249.47 | −0.072% | $8 | $120K | 10x |
SunX CRWD-USDT
HTX CRWD-USDT
Phemex CRWDUSDT
QFEX CRWD-USD
tradeXYZ xyz:CRWD
KuCoin CRWDUSDTM