Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h −0.033%
Price spread now: Phemex against Injective+2.012%65s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phemex is 2.012% dearer against Injective than usual: you sell high and buy low: +$201 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CRWD/USDC PERP | 246.01 | −0.0220 | get 0.0028% / 1h | 13m 26s | $22K | $20K | 12x |
| Short | Phemex CRWDUSDT | 250.96 | 0 | get 0.0000% / 8h | 13m 26s | $1.5M | $221K | 10x |
Injective CRWD/USDC PERP
Phemex CRWDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- $46.2
- Price spread: +2.012% → 0.000%
- $201.21
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $235.39
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 5 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 3.79 bp | 72.4 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 PERPlong | −0.0220% | 1h | 246.01 | long leg | $22K | $20K | 12x | |
| BloFin CRWD-USDT | −0.0014% | 8h | 250.96 | +2.012% | $70K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.43 | +1.797% | $4K | $35K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.86 | +1.972% | $2.5M | $7.3M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 250.41 | +1.789% | $1.1M | $440K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.72 | +1.915% | $547K | $765K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.65 | +1.886% | $305K | $410K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 250.83 | +1.961% | $68K | $56K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 250.73 | +1.919% | $2K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 250.97 | +2.016% | $6K | $7K | 20x | as long as short |
BloFin CRWD-USDT
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
SunX CRWD-USDT
HTX CRWD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex CRWDUSDTshort | 0.0000% | 8h | 250.96 | +2.012% | $1.5M | $221K | 10x | |
| QFEX CRWD-USD | +0.0017% | 1h | 250.80 | +1.947% | $1.2M | $2.7M | 10x | as long as short |
| GRVT CRWD_USDT_Perp | +0.0026% | 8h | 250.84 | +1.965% | $464 | $124K | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 250.44 | +1.799% | $100K | — | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 250.53 | +1.837% | $34K | $243K | 20x | as long as short |
| tradeXYZ xyz:CRWD | +0.0100% | 1h | 250.57 | +1.854% | $894K | $676K | 10x | as long as short |
| Phoenix CRWD | +0.0128% | 1h | 250.67 | +1.894% | $3 | $121K | 10x | as long as short |
| Paragon para:CRWD | +0.0355% | 1h | 250.39 | +1.779% | $84K | $108K | 10x | as long as short |
QFEX CRWD-USD
GRVT CRWD_USDT_Perp
Extended CRWD_24_5-USD
KuCoin CRWDUSDTM
tradeXYZ xyz:CRWD
Phoenix CRWD
Paragon para:CRWD