Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h −0.046%
Price spread now: tradeXYZ against Paragon+0.002%7-day average −0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$850.853% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.002%, 7d avg −0.087%
=Together, before fees−0.079%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.089% dearer against Paragon than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.087%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.067% in total) that is about 9.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:CRWD | 251.00 | 0.0135 | pay 0.0017% / 1h | 7m 35s | $85K | $108K | 10x |
| Short | tradeXYZ xyz:CRWD | 251.01 | 0.0067 | get 0.0008% / 1h | 7m 35s | $893K | $676K | 10x |
Paragon para:CRWD
tradeXYZ xyz:CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$14.31
- Price spread: +0.002% → −0.087%
- $8.95
- Slippage, 4 orders
- −$57.25
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$90.62
- Costs to cover
- 0.853%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 68 min ago; tradeXYZ: live order book, 69 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, 68 min ago | 3.40 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 69 min ago | 4.20 bp | 21.5 bp −$22 | 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 | 246.46 | −1.810% | $22K | $20K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 251.24 | +0.094% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 251.33 | +0.130% | $2.5M | $7.1M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 251.18 | +0.070% | $1.2M | $550K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 251.14 | +0.054% | $601K | $696K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 251.13 | +0.050% | $294K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 251.65 | +0.258% | $68K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 251.67 | +0.266% | $1K | $123K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 251.42 | +0.166% | $2K | $1.2M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 251.84 | +0.333% | $6K | $7K | 20x | as long as short |
Injective CRWD/USDC PERP
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
GRVT CRWD_USDT_Perp
SunX CRWD-USDT
HTX CRWD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex CRWDUSDT | 0.0000% | 8h | 251.34 | +0.134% | $1.5M | $213K | 10x | as long as short |
| BloFin CRWD-USDT | +0.0016% | 8h | 251.54 | +0.214% | $72K | $24K | 25x | as long as short |
| QFEX CRWD-USD | +0.0044% | 1h | 251.32 | +0.126% | $1.2M | $2.6M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 250.93 | −0.029% | $100K | — | 10x | as long as short |
| tradeXYZ xyz:CRWDshort | +0.0067% | 1h | 251.01 | +0.002% | $893K | $676K | 10x | |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 251.18 | +0.070% | $34K | $286K | 20x | as long as short |
| Paragon para:CRWDlong | +0.0135% | 1h | 251.00 | long leg | $85K | $108K | 10x | |
| Phoenix CRWD | +0.0160% | 1h | 251.36 | +0.142% | $2 | $106K | 10x | as long as short |
Phemex CRWDUSDT
BloFin CRWD-USDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
KuCoin CRWDUSDTM
Phoenix CRWD