Funding you earn now, next payment 06:00 UTC+0.0073%/8h= +7.9% APRpaid last 24h +0.009%
Price spread now: tradeXYZ against Phemex−0.183%48s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as 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−$1261.256% of the position
Funding, last 7 days−0.265%−$26 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.183%, 7d avg −0.009%
=Together, before fees−0.118%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.174% cheaper against Phemex than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of −0.009%). If the spread goes back, that is −$17 on $10k: about 8.0 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.265%, so the current rate has only just turned in your favour. The two prices were read 48 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 | 251.64 | 0 | get 0.0000% / 8h | 2h 09m | $1.5M | $213K | 10x |
| Short | tradeXYZ xyz:CRWD | 251.18 | 0.0073 | get 0.0009% / 1h | 9m 21s | $889K | $674K | 10x |
Phemex CRWDUSDT
tradeXYZ xyz:CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $15.25
- Price spread: −0.183% → −0.009%
- −$17.4
- Slippage, 4 orders
- −$95.61
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$127.77
- Costs to cover
- 1.256%
- Break-even
- 65.7 days
Slippage from Phemex: live order book, 4 min ago; tradeXYZ: live order book, 67 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 | 2.38 bp | 41.1 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 67 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 | −2.058% | $22K | $20K | 12x | as long as short |
| BloFin CRWD-USDT | −0.0030% | 8h | 251.54 | −0.040% | $72K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 251.27 | −0.147% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 251.49 | −0.060% | $2.5M | $7.1M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 251.23 | −0.163% | $1.2M | $550K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 251.36 | −0.111% | $602K | $699K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 251.33 | −0.123% | $294K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 251.65 | +0.004% | $68K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 251.67 | +0.012% | $1K | $123K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 251.71 | +0.028% | $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 | 251.84 | +0.079% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDTlong | 0.0000% | 8h | 251.64 | long leg | $1.5M | $213K | 10x | |
| QFEX CRWD-USD | +0.0044% | 1h | 251.46 | −0.072% | $1.2M | $2.6M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 251.03 | −0.242% | $100K | — | 10x | as long as short |
| tradeXYZ xyz:CRWDshort | +0.0073% | 1h | 251.18 | −0.183% | $889K | $674K | 10x | |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 251.24 | −0.159% | $34K | $287K | 20x | as long as short |
| Paragon para:CRWD | +0.0139% | 1h | 251.10 | −0.215% | $85K | $108K | 10x | as long as short |
| Phoenix CRWD | +0.0160% | 1h | 251.36 | −0.111% | $2 | $106K | 10x | as long as short |
HTX CRWD-USDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
KuCoin CRWDUSDTM
Paragon para:CRWD
Phoenix CRWD