CRWD

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h +0.020%

Price spread now: Phoenix against Paragon+0.076%7-day average −0.014% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paragon Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.384%+$38 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.076%, 7d avg −0.014%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.090% dearer against Paragon than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:CRWD	249.64	0.0275	pay 0.0034% / 1h	18m 57s	$84K	$108K	10x
Short	Phoenix CRWD	249.83	0.0353	get 0.0044% / 1h	18m 57s	$2	$106K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.076%Rate

Funding earned: $16.47
Price spread: +0.076% → −0.014%: $9.01
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $8.48
Costs to cover: 0.170%
Break-even: 3.4 days

Slippage unknown: Paragon: live order book, 66 min ago; Phoenix: live order book, 26 min ago. Net counts fees only.

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, 66 min ago	2.61 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 26 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
Injective CRWD/USDC PERP	−0.0220%	1h	245.36	−1.714%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0030%	8h	249.68	+0.016%	$72K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	249.69	+0.019%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	249.77	+0.052%	$2.4M	$6.8M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	249.50	−0.056%	$1.1M	$530K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	249.80	+0.064%	$598K	$670K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	249.14	−0.200%	$292K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	249.78	+0.055%	$67K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	249.82	+0.071%	$677	$117K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	249.62	−0.008%	$1K	$1.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRWD-USDT	0.0000%	8h	249.94	+0.120%	$6K	$7K	20x	as long as short
Phemex CRWDUSDT	0.0000%	8h	249.82	+0.072%	$1.5M	$196K	10x	as long as short
QFEX CRWD-USD	+0.0024%	1h	249.71	+0.028%	$1.2M	$2.6M	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	249.64	+0.002%	$99K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0050%	1h	249.68	+0.016%	$864K	$629K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	249.85	+0.084%	$34K	$331K	20x	as long as short
Paragon para:CRWDlong	+0.0275%	1h	249.64	long leg	$84K	$108K	10x
Phoenix CRWDshort	+0.0353%	1h	249.83	+0.076%	$2	$106K	10x