Funding you earn now, next payment 23:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h +0.029%
Price spread now: Phoenix against KuCoin−0.052%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$433as in the Funding arb table
Net, price: spread back to 7d avg − costs−$427as in the Price arb table
costs, in and out, $10k−$4254.249% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.052%, 7d avg −0.028%
=Funding pays, the price is against you. Phoenix is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.028%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CRWDUSDTM | 248.84 | 0.0100 | pay 0.0100% / 8h | 14m 48s | $34K | $485K | 20x |
| Short | Phoenix CRWD | 248.71 | 0.0257 | get 0.0032% / 1h | 14m 48s | $6 | $155K | 10x |
KuCoin CRWDUSDTM
Phoenix CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $33.04
- Price spread: −0.052% → −0.028%
- −$2.45
- Slippage, 4 orders
- −$405.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$394.35
- Costs to cover
- 4.249%
- Break-even
- 90.6 days
Slippage from KuCoin: live order book, 48 min ago; Phoenix: live order book, 56 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, 48 min ago | 16.68 bp | 268.7 bp −$269 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 56 min ago | 4.02 bp | 24.0 bp −$24 | 76.1 bp −$761 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CRWDUSDT | 0.0000% | 8h | 248.76 | −0.033% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 248.95 | +0.042% | $2.4M | $6.9M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 248.64 | −0.080% | $1.1M | $674K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 248.74 | −0.040% | $619K | $661K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 248.77 | −0.028% | $291K | $482K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 248.92 | +0.032% | $67K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 248.94 | +0.040% | $446 | $108K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 248.90 | +0.024% | $2K | $1.3M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 249.10 | +0.104% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 249.00 | +0.064% | $1.5M | $199K | 10x | as long as short |
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
GRVT CRWD_USDT_Perp
SunX CRWD-USDT
HTX CRWD-USDT
Phemex CRWDUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWD-USDT | +0.0014% | 8h | 248.90 | +0.024% | $73K | $25K | 25x | as long as short |
| QFEX CRWD-USD | +0.0028% | 1h | 248.85 | +0.004% | $1.2M | $3.0M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 248.61 | −0.091% | $99K | — | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 248.65 | −0.076% | $864K | $653K | 10x | as long as short |
| KuCoin CRWDUSDTMlong | +0.0100% | 8h | 248.84 | long leg | $34K | $485K | 20x | |
| Injective CRWD/USDC PERP | +0.0220% | 1h | 251.38 | +1.021% | $15K | $103 | 12x | as long as short |
| Phoenix CRWDshort | +0.0257% | 1h | 248.71 | −0.052% | $6 | $155K | 10x | |
| Paragon para:CRWD | +0.0315% | 1h | 248.65 | −0.075% | $84K | $113K | 10x | as long as short |
BloFin CRWD-USDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
Injective CRWD/USDC PERP
Paragon para:CRWD