Funding you earn now, next payment 06:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h −0.017%
Price spread now: Paragon against Phoenix−0.100%103s7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as 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−$900.896% of the position
Funding, last 7 days−0.379%−$38 on $10k
+Price spread, last 4 days (all we have)+0.175%+$18 · spread now −0.100%, 7d avg +0.012%
=Funding pays, the price is against you. Paragon is 0.112% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of +0.012%). If the spread goes back, that is −$11 on $10k: about 5.7 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.379%, so the current rate has only just turned in your favour. The two prices were read 103 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 | 250.23 | 0.0286 | pay 0.0036% / 1h | 21m 32s | $3 | $106K | 10x |
| Short | Paragon para:CRWD | 249.98 | 0.0352 | get 0.0044% / 1h | 21m 32s | $84K | $108K | 10x |
Phoenix CRWD
Paragon para:CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon 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
- $13.77
- Price spread: −0.100% → +0.012%
- −$11.24
- Slippage, 4 orders
- −$72.59
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$87.05
- Costs to cover
- 0.896%
- Break-even
- 51.2 days
Slippage from Phoenix: live order book, 13 min ago; Paragon: live order book, 44 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, 13 min ago | 2.79 bp | 16.0 bp −$16 | 62.5 bp −$625 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 44 min ago | 2.79 bp | 24.2 bp −$24 | 119.0 bp −$1,190 | 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 | 244.15 | −2.430% | $21K | $20K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.21 | −0.007% | $4K | $35K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.39 | +0.064% | $2.5M | $7.1M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 250.12 | −0.044% | $1.1M | $494K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.19 | −0.016% | $592K | $701K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.82 | +0.236% | $313K | $436K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 250.27 | +0.014% | $67K | $60K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 250.40 | +0.068% | $2K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 250.46 | +0.092% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 250.29 | +0.024% | $1.5M | $211K | 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 | +0.0018% | 8h | 250.40 | +0.068% | $72K | $24K | 25x | as long as short |
| GRVT CRWD_USDT_Perp | +0.0048% | 8h | 250.36 | +0.051% | $608 | $125K | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 250.41 | +0.070% | $100K | — | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 250.20 | −0.012% | $891K | $676K | 10x | as long as short |
| QFEX CRWD-USD | +0.0064% | 1h | 250.33 | +0.040% | $1.2M | $2.7M | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 250.20 | −0.012% | $34K | $253K | 20x | as long as short |
| Phoenix CRWDlong | +0.0286% | 1h | 250.23 | long leg | $3 | $106K | 10x | |
| Paragon para:CRWDshort | +0.0352% | 1h | 249.98 | −0.100% | $84K | $108K | 10x |
BloFin CRWD-USDT
GRVT CRWD_USDT_Perp
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
QFEX CRWD-USD
KuCoin CRWDUSDTM