Funding you earn now, next payment 07:00 UTC−0.0366%/8h= −40.1% APRpaid last 24h −0.056%
Price spread now: Binance against Paragon+0.145%7-day average −0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$890.894% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.145%, 7d avg −0.084%
=The price spread pays, funding is against you. Binance is 0.229% dearer against Paragon than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of −0.084%): +$23 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.140%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% 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 | Paragon para:CRWD | 250.03 | 0.0366 | pay 0.0046% / 1h | 28m 30s | $84K | $108K | 10x |
| Short | Binance CRWDUSDT | 250.39 | 0 | get 0.0000% / 8h | 1h 28m | $2.5M | $7.1M | 25x |
Paragon para:CRWD
Binance CRWDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Paragon. 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
- −$76.84
- Price spread: +0.145% → −0.084%
- $22.93
- Slippage, 4 orders
- −$69.44
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$143.35
- Costs to cover
- 0.894%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 37 min ago; Binance: live order book, 10 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 Paragon live order book, 37 min ago | 2.79 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.79 bp | 18.8 bp −$19 | 45.7 bp −$457 | 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 | 244.15 | −2.352% | $21K | $20K | 12x | as long as short |
| BloFin CRWD-USDT | −0.0006% | 8h | 250.48 | +0.180% | $72K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.29 | +0.104% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDTshort | 0.0000% | 8h | 250.39 | +0.145% | $2.5M | $7.1M | 25x | |
| Bybit CRWDUSDT | 0.0000% | 8h | 250.14 | +0.044% | $1.1M | $556K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.47 | +0.176% | $593K | $701K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.86 | +0.332% | $314K | $436K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 250.52 | +0.196% | $67K | $60K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 250.58 | +0.220% | $2K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 250.58 | +0.220% | $6K | $7K | 20x | as long as short |
Injective CRWD/USDC PERP
BloFin CRWD-USDT
Aster 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 CRWDUSDT | 0.0000% | 8h | 250.45 | +0.168% | $1.5M | $212K | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 250.18 | +0.060% | $100K | — | 10x | as long as short |
| GRVT CRWD_USDT_Perp | +0.0049% | 8h | 250.67 | +0.256% | $1K | $125K | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 250.18 | +0.060% | $891K | $676K | 10x | as long as short |
| QFEX CRWD-USD | +0.0064% | 1h | 250.37 | +0.136% | $1.2M | $2.7M | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 250.22 | +0.076% | $34K | $259K | 20x | as long as short |
| Phoenix CRWD | +0.0286% | 1h | 250.53 | +0.200% | $5 | $106K | 10x | as long as short |
| Paragon para:CRWDlong | +0.0366% | 1h | 250.03 | long leg | $84K | $108K | 10x |
Phemex CRWDUSDT
Extended CRWD_24_5-USD
GRVT CRWD_USDT_Perp
tradeXYZ xyz:CRWD
QFEX CRWD-USD
KuCoin CRWDUSDTM
Phoenix CRWD