Funding you earn now, next payment 00:00 UTC+0.0321%/8h= +35.2% APRpaid last 24h +0.067%
Price spread now: Phoenix against SunX−0.080%69s7-day average +0.077% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 3 days (all we have)+0.175%+$18 · spread now −0.080%, 7d avg +0.077%
=Funding pays, the price is against you. Phoenix is 0.157% cheaper against SunX than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of +0.077%). If the spread goes back, that is −$16 on $10k: about 39 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.166% in total) that is about 6.6 days. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.166% in total (about 8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX CRWD-USDT | 249.38 | 0 | get 0.0000% / 8h | 7h 33m | $2K | $1.2M | 10x |
| Short | Phoenix CRWD | 249.18 | 0.0321 | get 0.0040% / 1h | 33m 45s | $3 | $140K | 10x |
SunX CRWD-USDT
Phoenix CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- $67.46
- Price spread: −0.080% → +0.077%
- −$15.75
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $36.72
- Costs to cover
- 0.150%
- Break-even
- 3.2 days
Slippage unknown: SunX: live order book, 10 min ago; Phoenix: live order book, 32 min ago. 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 SunX live order book, 10 min ago | 243.29 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 32 min ago | 2.41 bp | 17.3 bp −$17 | 52.6 bp −$526 | 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 | −0.0021% | 8h | 249.16 | −0.088% | $73K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 249.20 | −0.071% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 249.32 | −0.023% | $2.4M | $6.7M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 249.09 | −0.116% | $1.2M | $665K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 249.02 | −0.144% | $615K | $636K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.15 | −0.092% | $292K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.07 | −0.124% | $67K | $60K | — | as long as short |
| SunX CRWD-USDTlong | 0.0000% | 8h | 249.38 | long leg | $2K | $1.2M | 10x | |
| HTX CRWD-USDT | 0.0000% | 8h | 249.46 | +0.032% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 249.29 | −0.036% | $1.5M | $193K | 10x | as long as short |
BloFin CRWD-USDT
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
HTX CRWD-USDT
Phemex CRWDUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CRWD-USD | +0.0030% | 1h | 249.19 | −0.076% | $1.2M | $2.9M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 249.03 | −0.138% | $99K | — | 10x | as long as short |
| Paragon para:CRWD | +0.0060% | 1h | 249.31 | −0.029% | $84K | $111K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 249.17 | −0.084% | $34K | $469K | 20x | as long as short |
| tradeXYZ xyz:CRWD | +0.0161% | 1h | 249.10 | −0.112% | $866K | $637K | 10x | as long as short |
| Injective CRWD/USDC PERP | +0.0220% | 1h | 238.48 | −4.371% | $21K | $19K | 12x | as long as short |
| Phoenix CRWDshort | +0.0321% | 1h | 249.18 | −0.080% | $3 | $140K | 10x | |
| GRVT CRWD_USDT_Perp | +0.0610% | 8h | 249.36 | −0.007% | $554 | $107K | 10x | as long as short |
QFEX CRWD-USD
Extended CRWD_24_5-USD
Paragon para:CRWD
KuCoin CRWDUSDTM
tradeXYZ xyz:CRWD
Injective CRWD/USDC PERP
GRVT CRWD_USDT_Perp