CRWD

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against KuCoin+0.152%7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$604as in the Funding arb table

Net, price: spread back to 7d avg − costs−$555as in the Price arb table

costs, in and out, $10k−$5805.797% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.152%, 7d avg −0.097%

Together, before fees−0.355%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.249% dearer against KuCoin than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of −0.097%): +$25 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRWDUSDTM	249.76	0.0100	pay 0.0100% / 8h	3h 14m	$34K	$330K	20x
Short	Phemex CRWDUSDT	250.14	0	get 0.0000% / 8h	3h 14m	$1.5M	$197K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.152%Rate

Funding earned: −$21
Price spread: +0.152% → −0.097%: $24.93
Slippage, 4 orders: −$555.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$575.73
Costs to cover: 5.797%
Break-even: never at this rate

Slippage from KuCoin: live order book, 58 min ago; Phemex: live order book, 3 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 KuCoin live order book, 58 min ago	14.05 bp	324.0 bp −$324	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.40 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit

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 PERP	−0.0220%	1h	245.36	−1.762%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.84	+0.031%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.14	+0.152%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.75	−0.004%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.96	+0.080%	$598K	$670K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.00	+0.096%	$293K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.02	+0.103%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.99	+0.093%	$677	$117K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.83	+0.028%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.33	+0.228%	$6K	$7K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDTshort	0.0000%	8h	250.14	+0.152%	$1.5M	$197K	10x
BloFin CRWD-USDT	+0.0007%	8h	250.03	+0.108%	$72K	$24K	25x	as long as short
QFEX CRWD-USD	+0.0024%	1h	249.92	+0.064%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.65	−0.044%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.78	+0.008%	$864K	$629K	10x	as long as short
KuCoin CRWDUSDTMlong	+0.0100%	8h	249.76	long leg	$34K	$330K	20x
Paragon para:CRWD	+0.0282%	1h	249.69	−0.029%	$84K	$108K	10x	as long as short
Phoenix CRWD	+0.0353%	1h	249.91	+0.060%	$3	$106K	10x	as long as short