Funding you earn now, next payment 07:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h −0.043%
Price spread now: KuCoin against Phoenix−0.016%48s7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$452as 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−$4574.571% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.699%+$70 · spread now −0.016%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.039% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you. 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 | Phoenix CRWD | 250.67 | 0.0128 | pay 0.0016% / 1h | 10m 28s | $8 | $121K | 10x |
| Short | KuCoin CRWDUSDTM | 250.63 | 0.0100 | get 0.0100% / 8h | 10m 28s | $34K | $246K | 20x |
Phoenix CRWD
KuCoin CRWDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$5.84
- Price spread: −0.016% → +0.023%
- −$3.91
- Slippage, 4 orders
- −$438.09
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$466.85
- Costs to cover
- 4.571%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 20 min ago; KuCoin: live order book, 21 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, 20 min ago | 3.19 bp | 18.2 bp −$18 | 72.4 bp −$724 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 21 min ago | 14.76 bp | 108.9 bp −$109 | 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 | −1.859% | $22K | $20K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.53 | −0.057% | $4K | $35K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.77 | +0.040% | $2.5M | $7.3M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 250.49 | −0.072% | $1.2M | $440K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.68 | +0.004% | $547K | $766K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.65 | −0.008% | $305K | $410K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 250.84 | +0.067% | $68K | $56K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 250.73 | +0.024% | $2K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 251.00 | +0.132% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 250.83 | +0.064% | $1.5M | $221K | 10x | as long as short |
Injective CRWD/USDC PERP
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
SunX CRWD-USDT
HTX CRWD-USDT
Phemex CRWDUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWD-USDT | +0.0009% | 8h | 250.95 | +0.112% | $70K | $24K | 25x | as long as short |
| QFEX CRWD-USD | +0.0017% | 1h | 250.87 | +0.080% | $1.2M | $2.7M | 10x | as long as short |
| GRVT CRWD_USDT_Perp | +0.0033% | 8h | 250.84 | +0.068% | $446 | $124K | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 250.59 | −0.034% | $100K | — | 10x | as long as short |
| KuCoin CRWDUSDTMshort | +0.0100% | 8h | 250.63 | −0.016% | $34K | $246K | 20x | |
| tradeXYZ xyz:CRWD | +0.0101% | 1h | 250.58 | −0.036% | $894K | $676K | 10x | as long as short |
| Phoenix CRWDlong | +0.0128% | 1h | 250.67 | long leg | $8 | $121K | 10x | |
| Paragon para:CRWD | +0.0399% | 1h | 250.48 | −0.076% | $84K | $108K | 10x | as long as short |
BloFin CRWD-USDT
QFEX CRWD-USD
GRVT CRWD_USDT_Perp
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
Paragon para:CRWD