Funding you earn now, next payment 02:00 UTC−0.0231%/8h= −25.3% APRnext payment −$0.29 per $10,000 · paid last 24h −0.052%
Price spread now: QFEX against Paragon+0.035%7-day average −0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1221.220% of the position
Funding, last 3 days (all we have)+0.240%+$24 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.035%, 7d avg −0.110%
=The price spread pays, funding is against you. QFEX is 0.145% dearer against Paragon than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.110%): +$15 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 3 days funding on this pair paid +0.240%, 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 | 248.70 | 0.0253 | pay 0.0032% / 1h | 40m 12s | $84K | $108K | 10x |
| Short | QFEX CRWD-USD | 248.79 | 0.0023 | get 0.0003% / 1h | 40m 12s | $1.2M | $2.8M | 10x |
Paragon para:CRWD
QFEX CRWD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$48.43
- Price spread: +0.035% → −0.110%
- $14.52
- Slippage, 4 orders
- −$102.02
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$155.93
- Costs to cover
- 1.220%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 5 min ago; QFEX: live order book, 2 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, 5 min ago | 6.43 bp | 31.8 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 26.92 bp | 32.1 bp −$32 | 39.9 bp −$399 | 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 | 239.49 | −3.705% | $21K | $19K | 12x | as long as short |
| BloFin CRWD-USDT | −0.0017% | 8h | 249.12 | +0.167% | $73K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 248.77 | +0.028% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 248.77 | +0.027% | $2.4M | $6.7M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 248.65 | −0.022% | $1.1M | $559K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 248.61 | −0.038% | $614K | $615K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 248.86 | +0.063% | $291K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 248.93 | +0.092% | $67K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 249.13 | +0.170% | $1K | $109K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 248.83 | +0.051% | $2K | $1.2M | 10x | as long as short |
Injective CRWD/USDC PERP
BloFin CRWD-USDT
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
GRVT CRWD_USDT_Perp
SunX CRWD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CRWD-USDT | 0.0000% | 8h | 249.11 | +0.163% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 248.79 | +0.035% | $1.5M | $191K | 10x | as long as short |
| QFEX CRWD-USDshort | +0.0023% | 1h | 248.79 | +0.035% | $1.2M | $2.8M | 10x | |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 248.44 | −0.106% | $99K | — | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 248.58 | −0.050% | $866K | $632K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 248.78 | +0.031% | $35K | $473K | 20x | as long as short |
| Paragon para:CRWDlong | +0.0253% | 1h | 248.70 | long leg | $84K | $108K | 10x | |
| Phoenix CRWD | +0.0257% | 1h | 248.97 | +0.107% | $6 | $106K | 10x | as long as short |
HTX CRWD-USDT
Phemex CRWDUSDT
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
KuCoin CRWDUSDTM
Phoenix CRWD