CRWD

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0165%/8h= +18.1% APRnext payment +$0.21 per $10,000 · paid last 24h −0.008%

Price spread now: Phoenix against Injective−1.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Phoenix is 1.027% cheaper against Injective than usual: you would sell low and buy high (spread −1.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$103 on $10k: about 21 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CRWD/USDC PERP	251.26	0.0220	pay 0.0028% / 1h	3m 49s	$15K	$103	12x
Short	Phoenix CRWD	248.68	0.0385	get 0.0048% / 1h	3m 49s	$7	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. 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 InjectivebpFee PhoenixbpOrdersPrice spread, now −1.027%Rate

Funding earned: $34.74
Price spread: −1.027% → 0.000%: −$102.68
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$74.96
Costs to cover: 0.070%
Break-even: 22.1 days

Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 12 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 Phoenix live order book, 12 min ago	2.41 bp	17.2 bp −$17	52.6 bp −$526	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
BloFin CRWD-USDT	−0.0014%	8h	248.67	−1.031%	$73K	$26K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	248.56	−1.074%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	248.60	−1.061%	$2.4M	$7.3M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	248.35	−1.158%	$1.1M	$695K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	248.66	−1.035%	$625K	$732K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	248.69	−1.023%	$292K	$502K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	248.55	−1.079%	$67K	$61K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	248.63	−1.048%	$776	$132K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	248.60	−1.059%	$2K	$1.5M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	248.75	−0.999%	$6K	$9K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	248.58	−1.067%	$1.5M	$223K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	248.49	−1.104%	$99K	—	10x	as long as short
QFEX CRWD-USD	+0.0049%	1h	248.61	−1.055%	$1.2M	$2.8M	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	248.50	−1.098%	$867K	$696K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	248.67	−1.031%	$35K	$549K	20x	as long as short
Injective CRWD/USDC PERPlong	+0.0220%	1h	251.26	long leg	$15K	$103	12x
Phoenix CRWDshort	+0.0385%	1h	248.68	−1.027%	$7	$168K	10x
Paragon para:CRWD	+0.0392%	1h	248.45	−1.118%	$84K	$160K	10x	as long as short