Funding you earn now, next payment 00:00 UTC+0.0321%/8h= +35.2% APRpaid last 24h +0.067%
Price spread now: Phoenix against OKX+0.152%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$790.791% of the position
Funding, last 7 days+0.206%+$21 on $10k
+Price spread, last 3 days (all we have)−0.213%−$21 · spread now +0.152%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.123% dearer against OKX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.030%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.206% in total (about 10.8% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CRWD-USDT-SWAP | 249.25 | 0 | get 0.0000% / 8h | 7h 25m | $615K | $626K | 25x |
| Short | Phoenix CRWD | 249.63 | 0.0321 | get 0.0040% / 1h | 25m 25s | $6 | $140K | 10x |
OKX CRWD-USDT-SWAP
Phoenix CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $67.46
- Price spread: +0.152% → +0.030%
- $12.28
- Slippage, 4 orders
- −$62.08
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $0.66
- Costs to cover
- 0.791%
- Break-even
- 6.9 days
Slippage from OKX: live order book, 46 min ago; Phoenix: live order book, 41 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 OKX live order book, 46 min ago | 5.63 bp | 11.9 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 41 min ago | 2.41 bp | 17.3 bp −$17 | 52.6 bp −$526 | 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 | 249.42 | +0.068% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 249.60 | +0.140% | $2.4M | $6.7M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 249.43 | +0.072% | $1.2M | $663K | 25x | as long as short |
| OKX CRWD-USDT-SWAPlong | 0.0000% | 8h | 249.25 | long leg | $615K | $626K | 25x | |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.42 | +0.068% | $292K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.56 | +0.126% | $67K | $60K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 249.70 | +0.181% | $2K | $1.2M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 249.61 | +0.144% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 249.60 | +0.140% | $1.5M | $194K | 10x | as long as short |
| BloFin CRWD-USDT | +0.0027% | 8h | 249.50 | +0.100% | $73K | $24K | 25x | as long as short |
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
Bitget CRWDUSDT
Variational Omni CRWD
SunX CRWD-USDT
HTX CRWD-USDT
Phemex CRWDUSDT
BloFin CRWD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CRWD-USD | +0.0030% | 1h | 249.52 | +0.108% | $1.2M | $2.9M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 249.31 | +0.026% | $99K | — | 10x | as long as short |
| Paragon para:CRWD | +0.0089% | 1h | 249.50 | +0.100% | $84K | $108K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 249.62 | +0.148% | $35K | $470K | 20x | as long as short |
| tradeXYZ xyz:CRWD | +0.0105% | 1h | 249.41 | +0.064% | $868K | $633K | 10x | as long as short |
| Injective CRWD/USDC PERP | +0.0220% | 1h | 238.48 | −4.321% | $21K | $19K | 12x | as long as short |
| GRVT CRWD_USDT_Perp | +0.0229% | 8h | 249.56 | +0.123% | $1K | $108K | 10x | as long as short |
| Phoenix CRWDshort | +0.0321% | 1h | 249.63 | +0.152% | $6 | $140K | 10x |
QFEX CRWD-USD
Extended CRWD_24_5-USD
Paragon para:CRWD
KuCoin CRWDUSDTM
tradeXYZ xyz:CRWD
Injective CRWD/USDC PERP
GRVT CRWD_USDT_Perp