Funding you earn now, next payment 23:00 UTC+0.0229%/8h= +25.1% APRnext payment +$0.29 per $10,000 · paid last 24h +0.068%
Price spread now: Phoenix against QFEX+0.004%52s7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1121.121% of the position
Funding, last 3 days (all we have)+0.100%+$10 on $10k
+Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.004%, 7d avg +0.097%
=Funding pays, the price is against you. Phoenix is 0.093% cheaper against QFEX than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.097%). If the spread goes back, that is −$9 on $10k: about 32 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.100% in total) that is about 3.2 days. The two prices were read 52 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 | QFEX CRWD-USD | 248.77 | 0.0028 | pay 0.0004% / 1h | 19m 46s | $1.2M | $3.0M | 10x |
| Short | Phoenix CRWD | 248.78 | 0.0257 | get 0.0032% / 1h | 19m 46s | $8 | $155K | 10x |
QFEX CRWD-USD
Phoenix CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against QFEX. 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
- $48.06
- Price spread: +0.004% → +0.097%
- −$9.29
- Slippage, 4 orders
- −$95.06
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$73.28
- Costs to cover
- 1.121%
- Break-even
- 17.7 days
Slippage from QFEX: live order book, 3 min ago; Phoenix: live order book, 51 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 QFEX live order book, 3 min ago | 27.32 bp | 33.2 bp −$33 | 41.6 bp −$416 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 51 min ago | 4.02 bp | 24.0 bp −$24 | 76.1 bp −$761 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWD-USDT | −0.0019% | 8h | 248.77 | 0.000% | $73K | $25K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 248.72 | −0.019% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 248.85 | +0.032% | $2.4M | $7.0M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 248.64 | −0.052% | $1.1M | $674K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 248.74 | −0.012% | $620K | $661K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 248.75 | −0.008% | $292K | $482K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 248.88 | +0.043% | $67K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 248.88 | +0.043% | $438 | $109K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 248.85 | +0.032% | $2K | $1.3M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 248.97 | +0.080% | $6K | $8K | 20x | 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-USDT
HTX CRWD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex CRWDUSDT | 0.0000% | 8h | 249.01 | +0.096% | $1.5M | $199K | 10x | as long as short |
| QFEX CRWD-USDlong | +0.0028% | 1h | 248.77 | long leg | $1.2M | $3.0M | 10x | |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 248.60 | −0.069% | $99K | — | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 248.65 | −0.048% | $864K | $653K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 248.87 | +0.040% | $34K | $486K | 20x | as long as short |
| Injective CRWD/USDC PERP | +0.0220% | 1h | 251.38 | +1.049% | $15K | $103 | 12x | as long as short |
| Phoenix CRWDshort | +0.0257% | 1h | 248.78 | +0.004% | $8 | $155K | 10x | |
| Paragon para:CRWD | +0.0322% | 1h | 248.66 | −0.044% | $84K | $113K | 10x | as long as short |
Phemex CRWDUSDT
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
KuCoin CRWDUSDTM
Injective CRWD/USDC PERP
Paragon para:CRWD