Funding you earn now, next payment 07:00 UTC−0.0443%/8h= −48.5% APRpaid last 24h −0.056%
Price spread now: Phemex against Paragon+0.052%7-day average −0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1561.557% of the position
Funding, last 7 days+0.191%+$19 on $10k
+Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.052%, 7d avg −0.083%
=The price spread pays, funding is against you. Phemex is 0.135% dearer against Paragon than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.083%): +$14 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 24 hours. Mind the row above: over the last 7 days funding on this pair paid +0.191%, 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 0.191% in total (about 10.0% 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 | 251.09 | 0.0443 | pay 0.0055% / 1h | 53m 07s | $85K | $108K | 10x |
| Short | Phemex CRWDUSDT | 251.22 | 0 | get 0.0000% / 8h | 1h 53m | $1.5M | $209K | 10x |
Paragon para:CRWD
Phemex CRWDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$92.97
- Price spread: +0.052% → −0.083%
- $13.54
- Slippage, 4 orders
- −$133.67
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$235.11
- Costs to cover
- 1.557%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 12 min ago; Phemex: live order book, 5 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, 12 min ago | 2.79 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.38 bp | 52.7 bp −$53 | 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 | −2.764% | $21K | $20K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 251.15 | +0.024% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 251.22 | +0.052% | $2.5M | $7.0M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 251.02 | −0.028% | $1.2M | $549K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 251.29 | +0.080% | $601K | $703K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.98 | −0.043% | $293K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 251.23 | +0.055% | $67K | $60K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 251.42 | +0.132% | $2K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 251.32 | +0.092% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDTshort | 0.0000% | 8h | 251.22 | +0.052% | $1.5M | $209K | 10x |
Injective CRWD/USDC PERP
Aster CRWDUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT CRWD_USDT_Perp | +0.0020% | 8h | 251.33 | +0.096% | $1K | $123K | 10x | as long as short |
| BloFin CRWD-USDT | +0.0020% | 8h | 251.20 | +0.044% | $73K | $24K | 25x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 251.02 | −0.028% | $100K | — | 10x | as long as short |
| QFEX CRWD-USD | +0.0064% | 1h | 251.25 | +0.064% | $1.2M | $2.6M | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0095% | 1h | 250.98 | −0.043% | $893K | $674K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 251.05 | −0.016% | $34K | $275K | 20x | as long as short |
| Phoenix CRWD | +0.0286% | 1h | 251.17 | +0.032% | $3 | $106K | 10x | as long as short |
| Paragon para:CRWDlong | +0.0443% | 1h | 251.09 | long leg | $85K | $108K | 10x |
GRVT CRWD_USDT_Perp
BloFin CRWD-USDT
Extended CRWD_24_5-USD
QFEX CRWD-USD
tradeXYZ xyz:CRWD
KuCoin CRWDUSDTM
Phoenix CRWD