Funding you earn now, next payment 08:00 UTC+0.0368%/8h= +40.3% APRpaid last 24h +0.060%
Price spread now: Paragon against Phemex−0.116%7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1781.776% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.116%, 7d avg +0.078%
=Funding pays, the price is against you. Paragon is 0.194% cheaper against Phemex than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of +0.078%). If the spread goes back, that is −$19 on $10k: about 42 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.182% in total (about -9.5% 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 | Phemex CRWDUSDT | 250.68 | 0 | get 0.0000% / 8h | 50m 08s | $1.5M | $220K | 10x |
| Short | Paragon para:CRWD | 250.39 | 0.0368 | get 0.0046% / 1h | 50m 08s | $84K | $108K | 10x |
Phemex CRWDUSDT
Paragon para:CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- $77.33
- Price spread: −0.116% → +0.078%
- −$19.36
- Slippage, 4 orders
- −$155.6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$119.63
- Costs to cover
- 1.776%
- Break-even
- 17.8 days
Slippage from Phemex: live order book, 3 min ago; Paragon: 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 Phemex live order book, 3 min ago | 6.80 bp | 65.0 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paragon live order book, 5 min ago | 4.20 bp | 35.2 bp −$35 | 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 | 246.01 | −1.863% | $22K | $20K | 12x | as long as short |
| BloFin CRWD-USDT | −0.0004% | 8h | 250.21 | −0.187% | $72K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.58 | −0.040% | $4K | $35K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.70 | +0.008% | $2.5M | $7.3M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 250.40 | −0.112% | $1.1M | $450K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.68 | 0.000% | $547K | $763K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.69 | +0.004% | $305K | $442K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 250.64 | −0.016% | $68K | $60K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 250.65 | −0.012% | $2K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 250.20 | −0.191% | $6K | $7K | 20x | 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
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 | 250.68 | long leg | $1.5M | $220K | 10x | |
| QFEX CRWD-USD | +0.0017% | 1h | 250.53 | −0.060% | $1.2M | $2.7M | 10x | as long as short |
| GRVT CRWD_USDT_Perp | +0.0032% | 8h | 250.08 | −0.238% | $985 | $124K | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 250.35 | −0.132% | $100K | — | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 250.44 | −0.096% | $34K | $237K | 20x | as long as short |
| Phoenix CRWD | +0.0128% | 1h | 250.25 | −0.172% | $3 | $121K | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0162% | 1h | 250.59 | −0.036% | $894K | $682K | 10x | as long as short |
| Paragon para:CRWDshort | +0.0368% | 1h | 250.39 | −0.116% | $84K | $108K | 10x |
QFEX CRWD-USD
GRVT CRWD_USDT_Perp
Extended CRWD_24_5-USD
KuCoin CRWDUSDTM
Phoenix CRWD
tradeXYZ xyz:CRWD