Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Phemex−0.156%7-day average +0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$555as in the Funding arb table
Net, price: spread back to 7d avg − costs−$605as in the Price arb table
costs, in and out, $10k−$5805.797% of the position
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.156%, 7d avg +0.097%
=Funding pays, the price is against you. KuCoin is 0.253% cheaper against Phemex than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of +0.097%). If the spread goes back, that is −$25 on $10k: about 8.4 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CRWDUSDT | 250.14 | 0 | get 0.0000% / 8h | 3h 14m | $1.5M | $197K | 10x |
| Short | KuCoin CRWDUSDTM | 249.75 | 0.0100 | get 0.0100% / 8h | 3h 14m | $34K | $328K | 20x |
Phemex CRWDUSDT
KuCoin CRWDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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
- $21
- Price spread: −0.156% → +0.097%
- −$25.31
- Slippage, 4 orders
- −$555.67
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$583.98
- Costs to cover
- 5.797%
- Break-even
- 201.7 days
Slippage from Phemex: live order book, 4 min ago; KuCoin: live order book, 58 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 Phemex live order book, 4 min ago | 1.40 bp | 36.2 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 58 min ago | 14.05 bp | 173.9 bp −$174 | 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 | 245.36 | −1.911% | $22K | $20K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 249.87 | −0.108% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.16 | +0.009% | $2.4M | $6.8M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 249.75 | −0.156% | $1.1M | $530K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 249.96 | −0.072% | $598K | $670K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.00 | −0.056% | $293K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 250.02 | −0.049% | $67K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 249.99 | −0.059% | $677 | $117K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 249.94 | −0.080% | $2K | $1.2M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 250.33 | +0.076% | $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 CRWDUSDTlong | 0.0000% | 8h | 250.14 | long leg | $1.5M | $197K | 10x | |
| BloFin CRWD-USDT | +0.0007% | 8h | 250.03 | −0.044% | $72K | $24K | 25x | as long as short |
| QFEX CRWD-USD | +0.0024% | 1h | 250.02 | −0.048% | $1.2M | $2.6M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 249.65 | −0.196% | $99K | — | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 249.80 | −0.136% | $864K | $629K | 10x | as long as short |
| KuCoin CRWDUSDTMshort | +0.0100% | 8h | 249.75 | −0.156% | $34K | $328K | 20x | |
| Paragon para:CRWD | +0.0289% | 1h | 249.73 | −0.163% | $84K | $108K | 10x | as long as short |
| Phoenix CRWD | +0.0353% | 1h | 249.91 | −0.092% | $3 | $106K | 10x | as long as short |
BloFin CRWD-USDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
Paragon para:CRWD
Phoenix CRWD