Settings8H · net · $10k
Funding arb · Price arb /

CRWD

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h +0.061%
Price spread now: Paragon against GRVT−0.140%47s7-day average +0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1031.034% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.063%−$6 on $10k
Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.140%, 7d avg +0.092%
Together, before fees+0.113%+ Points / potential airdropGRVT: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paragon is 0.232% cheaper against GRVT than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of +0.092%). If the spread goes back, that is −$23 on $10k: about 2.6 days of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT CRWD_USDT_Perp250.330.0046pay 0.0046% / 8h1h 22m$1K$125K10x
ShortParagon para:CRWD249.980.0349get 0.0044% / 1h22m 25s$84K$108K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paragon against GRVT. 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

Funding earned
$63.72
Price spread: −0.140% → +0.092%
−$23.22
Slippage, 4 orders
−$84.42
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Paragon: 5 bp × 2 orders
−$10
Net
−$62.92
Costs to cover
1.034%
Break-even
13.9 days
Slippage from GRVT: live order book, 20 min ago; Paragon: live order book, 43 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 20 min ago3.39 bp26.8 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Paragon live order book, 43 min ago2.79 bp24.2 bp −$24119.0 bp −$1,190doesn't fitdoesn't fit

CRWD on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective CRWD/USDC PERP−0.0220%1h244.15−2.469%$21K$20K12xas long as short
Aster CRWDUSDT0.0000%8h250.15−0.071%$4K$35K20xas long as short
Binance CRWDUSDT0.0000%8h250.28−0.020%$2.5M$7.1M25xas long as short
Bybit CRWDUSDT0.0000%8h250.03−0.120%$1.1M$494K25xas long as short
OKX CRWD-USDT-SWAP0.0000%8h250.19−0.056%$592K$701K25xas long as short
Bitget CRWDUSDT0.0000%8h250.82+0.196%$313K$436K20xas long as short
Variational Omni CRWD0.0000%8h250.27−0.025%$67K$60Kas long as short
SunX CRWD-USDT0.0000%8h250.40+0.028%$2K$1.1M10xas long as short
HTX CRWD-USDT0.0000%8h250.46+0.052%$6K$7K20xas long as short
Phemex CRWDUSDT0.0000%8h250.35+0.008%$1.5M$211K10xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin CRWD-USDT+0.0018%8h250.40+0.028%$72K$24K25xas long as short
GRVT CRWD_USDT_Perplong+0.0046%8h250.33long leg$1K$125K10x
Extended CRWD_24_5-USD+0.0048%1h250.11−0.088%$100K10xas long as short
tradeXYZ xyz:CRWD+0.0050%1h250.24−0.036%$891K$676K10xas long as short
QFEX CRWD-USD+0.0064%1h250.31−0.008%$1.2M$2.7M10xas long as short
KuCoin CRWDUSDTM+0.0100%8h250.17−0.064%$34K$254K20xas long as short
Phoenix CRWD+0.0286%1h250.23−0.040%$3$106K10xas long as short
Paragon para:CRWDshort+0.0349%1h249.98−0.140%$84K$108K10x