Funding you earn now, next payment 07:00 UTC−0.0335%/8h= −36.7% APRpaid last 24h −0.061%
Price spread now: GRVT against Paragon+0.130%47s7-day average −0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1031.034% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.130%, 7d avg −0.092%
=Together, before fees−0.103%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.223% dearer against Paragon than usual: you sell high and buy low (spread +0.130% now, against its 7-day average of −0.092%): +$22 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% 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 | 250.38 | 0.0379 | pay 0.0047% / 1h | 40m 48s | $84K | $108K | 10x |
| Short | GRVT CRWD_USDT_Perp | 250.70 | 0.0044 | get 0.0044% / 8h | 1h 40m | $830 | $124K | 10x |
Paragon para:CRWD
GRVT CRWD_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$70.3
- Price spread: +0.130% → −0.092%
- $22.28
- Slippage, 4 orders
- −$84.42
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$151.44
- Costs to cover
- 1.034%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 25 min ago; GRVT: live order book, 1 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, 25 min ago | 2.79 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 3.39 bp | 20.5 bp −$21 | 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 | 244.15 | −2.487% | $21K | $20K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.58 | +0.083% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.68 | +0.121% | $2.5M | $7.1M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 250.41 | +0.013% | $1.1M | $555K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.44 | +0.025% | $592K | $701K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.86 | +0.193% | $314K | $436K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 250.63 | +0.102% | $67K | $60K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 250.87 | +0.197% | $2K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 250.80 | +0.169% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 250.72 | +0.137% | $1.5M | $210K | 10x | as long as short |
Injective CRWD/USDC PERP
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
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 | +0.0021% | 8h | 250.63 | +0.101% | $72K | $24K | 25x | as long as short |
| GRVT CRWD_USDT_Perpshort | +0.0044% | 8h | 250.70 | +0.130% | $830 | $124K | 10x | |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 250.48 | +0.041% | $100K | — | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 250.45 | +0.029% | $892K | $677K | 10x | as long as short |
| QFEX CRWD-USD | +0.0064% | 1h | 250.69 | +0.125% | $1.2M | $2.6M | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 250.61 | +0.093% | $34K | $268K | 20x | as long as short |
| Phoenix CRWD | +0.0286% | 1h | 250.48 | +0.041% | $4 | $106K | 10x | as long as short |
| Paragon para:CRWDlong | +0.0379% | 1h | 250.38 | long leg | $84K | $108K | 10x |
BloFin CRWD-USDT
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
QFEX CRWD-USD
KuCoin CRWDUSDTM
Phoenix CRWD