Funding you earn now, next payment 01:00 UTC−0.0477%/8h= −52.2% APRnext payment −$0.60 per $10,000 · paid last 24h −0.003%
Price spread now: Injective against Phoenix−3.831%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Injective is 3.831% cheaper against Phoenix than usual: you would sell low and buy high (−$383 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRWD | 249.03 | 0.0257 | pay 0.0032% / 1h | 46m 05s | $8 | $106K | 10x |
| Short | Injective CRWD/USDC PERP | 239.49 | −0.0220 | pay 0.0028% / 1h | 46m 05s | $21K | $19K | 12x |
Phoenix CRWD
Injective CRWD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$100.14
- Price spread: −3.831% → 0.000%
- −$383.09
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$490.25
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 15 min ago; Injective: no order-book sample. Net counts fees only.
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, 15 min ago | 2.81 bp | 16.8 bp −$17 | 65.8 bp −$658 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.0220% | 1h | 239.49 | −3.831% | $21K | $19K | 12x | |
| BloFin CRWD-USDT | −0.0017% | 8h | 249.12 | +0.036% | $73K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 249.04 | +0.004% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 249.08 | +0.020% | $2.4M | $6.7M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 248.93 | −0.040% | $1.2M | $559K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 249.02 | −0.004% | $615K | $616K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.02 | −0.004% | $292K | $417K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.08 | +0.021% | $67K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 249.09 | +0.022% | $1K | $109K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 249.13 | +0.040% | $2K | $1.2M | 10x | as long as short |
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 | 249.34 | +0.124% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 249.05 | +0.008% | $1.5M | $190K | 10x | as long as short |
| QFEX CRWD-USD | +0.0023% | 1h | 248.96 | −0.028% | $1.2M | $2.9M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 248.91 | −0.048% | $99K | — | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 248.89 | −0.056% | $867K | $633K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 249.04 | +0.004% | $35K | $472K | 20x | as long as short |
| Paragon para:CRWD | +0.0221% | 1h | 248.97 | −0.024% | $84K | $108K | 10x | as long as short |
| Phoenix CRWDlong | +0.0257% | 1h | 249.03 | long leg | $8 | $106K | 10x |
HTX CRWD-USDT
Phemex CRWDUSDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
KuCoin CRWDUSDTM
Paragon para:CRWD