Funding you earn now, next payment 07:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.073%
Price spread now: Phoenix against Phemex−0.072%47s7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1501.502% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.072%, 7d avg +0.073%
=Funding pays, the price is against you. Phoenix is 0.145% cheaper against Phemex than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.073%). If the spread goes back, that is −$15 on $10k: about 3.8 days of funding at the current rate (+$4 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CRWDUSDT | 250.85 | 0 | get 0.0000% / 8h | 11m 31s | $1.5M | $221K | 10x |
| Short | Phoenix CRWD | 250.67 | 0.0128 | get 0.0016% / 1h | 11m 31s | $8 | $121K | 10x |
Phemex CRWDUSDT
Phoenix CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $26.84
- Price spread: −0.072% → +0.073%
- −$14.52
- Slippage, 4 orders
- −$131.21
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$137.89
- Costs to cover
- 1.502%
- Break-even
- 43.0 days
Slippage from Phemex: live order book, 1 min ago; Phoenix: live order book, 19 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, 1 min ago | 3.59 bp | 39.8 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 19 min ago | 3.19 bp | 19.6 bp −$20 | 61.1 bp −$611 | 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 | −1.929% | $22K | $20K | 12x | as long as short |
| BloFin CRWD-USDT | −0.0029% | 8h | 250.76 | −0.036% | $70K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.54 | −0.124% | $4K | $35K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.81 | −0.016% | $2.5M | $7.3M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 250.52 | −0.132% | $1.2M | $440K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.72 | −0.052% | $547K | $765K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.65 | −0.080% | $305K | $410K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 250.83 | −0.007% | $68K | $56K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 250.73 | −0.048% | $2K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 251.00 | +0.060% | $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 | 250.85 | long leg | $1.5M | $221K | 10x | |
| QFEX CRWD-USD | +0.0017% | 1h | 250.85 | 0.000% | $1.2M | $2.7M | 10x | as long as short |
| GRVT CRWD_USDT_Perp | +0.0033% | 8h | 250.84 | −0.004% | $446 | $124K | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 250.59 | −0.106% | $100K | — | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 250.68 | −0.068% | $34K | $245K | 20x | as long as short |
| tradeXYZ xyz:CRWD | +0.0101% | 1h | 250.58 | −0.108% | $894K | $676K | 10x | as long as short |
| Phoenix CRWDshort | +0.0128% | 1h | 250.67 | −0.072% | $8 | $121K | 10x | |
| Paragon para:CRWD | +0.0383% | 1h | 250.48 | −0.147% | $84K | $108K | 10x | as long as short |
QFEX CRWD-USD
GRVT CRWD_USDT_Perp
Extended CRWD_24_5-USD
KuCoin CRWDUSDTM
tradeXYZ xyz:CRWD
Paragon para:CRWD