Funding you earn now, next payment 04:00 UTC−0.0353%/8h= −38.7% APRpaid last 24h −0.077%
Price spread now: GRVT against Phoenix+0.044%7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$740.740% of the position
Funding, last 7 days−0.310%−$31 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.044%, 7d avg −0.067%
=Together, before fees−0.259%+ Points / potential airdropGRVT: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.111% dearer against Phoenix than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.067%): +$11 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.310% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRWD | 249.05 | 0.0353 | pay 0.0044% / 1h | 26m 33s | $3 | $106K | 10x |
| Short | GRVT CRWD_USDT_Perp | 249.16 | 0 | get 0.0000% / 8h | 3h 26m | $615 | $115K | 10x |
Phoenix CRWD
GRVT CRWD_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Phoenix. 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
- −$74.16
- Price spread: +0.044% → −0.067%
- $11.08
- Slippage, 4 orders
- −$57.99
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$137.07
- Costs to cover
- 0.740%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 18 min ago; GRVT: live order book, 25 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 Phoenix live order book, 18 min ago | 2.41 bp | 15.9 bp −$16 | 62.3 bp −$623 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 25 min ago | 2.21 bp | 12.6 bp −$13 | 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 | −1.482% | $22K | $20K | 12x | as long as short |
| BloFin CRWD-USDT | −0.0011% | 8h | 249.17 | +0.048% | $72K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 249.17 | +0.048% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 249.15 | +0.040% | $2.4M | $6.7M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 249.03 | −0.008% | $1.1M | $530K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 249.39 | +0.137% | $597K | $668K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.07 | +0.008% | $292K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.19 | +0.057% | $67K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perpshort | 0.0000% | 8h | 249.16 | +0.044% | $615 | $115K | 10x | |
| SunX CRWD-USDT | 0.0000% | 8h | 249.10 | +0.020% | $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
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 | 249.38 | +0.133% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 249.27 | +0.088% | $1.5M | $194K | 10x | as long as short |
| QFEX CRWD-USD | +0.0024% | 1h | 249.02 | −0.012% | $1.2M | $2.6M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 248.89 | −0.064% | $99K | — | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 248.92 | −0.052% | $861K | $627K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 248.98 | −0.028% | $34K | $337K | 20x | as long as short |
| Paragon para:CRWD | +0.0316% | 1h | 248.92 | −0.052% | $84K | $108K | 10x | as long as short |
| Phoenix CRWDlong | +0.0353% | 1h | 249.05 | long leg | $3 | $106K | 10x |
HTX CRWD-USDT
Phemex CRWDUSDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
KuCoin CRWDUSDTM
Paragon para:CRWD