CRWD

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0306%/8h= −33.5% APRnext payment −$0.38 per $10,000 · paid last 24h −0.046%

Price spread now: Extended against Paragon−0.010%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1351.349% of the position

Long on Paragon Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.279%+$28 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.010%, 7d avg −0.112%

Together, before fees+0.277%+ Points / potential airdropExtended: Active · farm board+$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.102% dearer against Paragon than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.112%): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 7 days funding on this pair paid +0.279%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:CRWD	250.39	0.0354	pay 0.0044% / 1h	49m 33s	$84K	$108K	10x
Short	Extended CRWD_24_5-USD	250.37	0.0048	get 0.0006% / 1h	49m 33s	$100K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Paragon. 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 ParagonbpFee ExtendedbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$64.27
Price spread: −0.010% → −0.112%: $10.18
Slippage, 4 orders: −$119.89
Fee Paragon: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$188.98
Costs to cover: 1.349%
Break-even: never at this rate

Slippage from Paragon: live order book, 6 min ago; Extended: live order book, 44 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, 6 min ago	4.20 bp	27.3 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 44 min ago	33.73 bp	36.2 bp −$36	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	246.01	−1.749%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0004%	8h	250.21	−0.072%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.56	+0.066%	$4K	$35K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.72	+0.130%	$2.5M	$7.3M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.42	+0.012%	$1.1M	$450K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.68	+0.116%	$547K	$763K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.64	+0.100%	$305K	$442K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.64	+0.100%	$68K	$60K	—	as long as short
SunX CRWD-USDT	0.0000%	8h	250.65	+0.104%	$2K	$1.1M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	250.20	−0.076%	$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 CRWDUSDT	0.0000%	8h	250.68	+0.116%	$1.5M	$220K	10x	as long as short
QFEX CRWD-USD	+0.0017%	1h	250.59	+0.080%	$1.2M	$2.7M	10x	as long as short
GRVT CRWD_USDT_Perp	+0.0031%	8h	250.71	+0.128%	$692	$125K	10x	as long as short
Extended CRWD_24_5-USDshort	+0.0048%	1h	250.37	−0.010%	$100K	—	10x
KuCoin CRWDUSDTM	+0.0100%	8h	250.48	+0.036%	$34K	$238K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.25	−0.056%	$3	$121K	10x	as long as short
tradeXYZ xyz:CRWD	+0.0162%	1h	250.57	+0.072%	$894K	$676K	10x	as long as short
Paragon para:CRWDlong	+0.0354%	1h	250.39	long leg	$84K	$108K	10x