Funding you earn now, next payment 09:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h −0.062%
Price spread now: tradeXYZ against Phoenix−0.052%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$700.701% of the position
Funding, last 7 days−0.430%−$43 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.052%, 7d avg −0.077%
=Together, before fees−0.233%+ Points / potential airdroptradeXYZ: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.025% dearer against Phoenix than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.077%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.430% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRWD | 250.45 | 0.0128 | pay 0.0016% / 1h | 9m 09s | $2 | $120K | 10x |
| Short | tradeXYZ xyz:CRWD | 250.32 | 0.0050 | get 0.0006% / 1h | 9m 09s | $897K | $701K | 10x |
Phoenix CRWD
tradeXYZ xyz:CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$16.33
- Price spread: −0.052% → −0.077%
- $2.51
- Slippage, 4 orders
- −$45.08
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$83.91
- Costs to cover
- 0.701%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 35 min ago; tradeXYZ: live order book, 34 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, 35 min ago | 2.78 bp | 16.0 bp −$16 | 62.3 bp −$623 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 34 min ago | 3.19 bp | 17.8 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
CRWD on 18 exchanges
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 | 251.56 | +0.443% | $22K | $20K | 12x | as long as short |
| BloFin CRWD-USDT | −0.0021% | 8h | 250.66 | +0.084% | $71K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.50 | +0.019% | $4K | $36K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.56 | +0.045% | $2.5M | $7.5M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 250.38 | −0.028% | $1.1M | $474K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.44 | −0.004% | $551K | $780K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.54 | +0.036% | $305K | $409K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 250.44 | −0.005% | $71K | $55K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 250.53 | +0.032% | $1K | $123K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 250.49 | +0.016% | $2K | $1.1M | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CRWD-USDT | 0.0000% | 8h | 250.68 | +0.092% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 250.59 | +0.056% | $1.5M | $233K | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 250.30 | −0.060% | $100K | $200 | 10x | as long as short |
| tradeXYZ xyz:CRWDshort | +0.0050% | 1h | 250.32 | −0.052% | $897K | $701K | 10x | |
| QFEX CRWD-USD | +0.0061% | 1h | 250.57 | +0.048% | $1.2M | $2.7M | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 250.61 | +0.064% | $36K | $364K | 20x | as long as short |
| Phoenix CRWDlong | +0.0128% | 1h | 250.45 | long leg | $2 | $120K | 10x | |
| Paragon para:CRWD | +0.0148% | 1h | 250.30 | −0.061% | $85K | $108K | 10x | as long as short |
HTX CRWD-USDT
Phemex CRWDUSDT
Extended CRWD_24_5-USD
QFEX CRWD-USD
KuCoin CRWDUSDTM
Paragon para:CRWD