Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.009%
Price spread now: Phemex against tradeXYZ+0.104%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1621.617% of the position
Funding, last 7 days+0.251%+$25 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.104%, 7d avg +0.012%
=Together, before fees+0.168%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.092% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.012%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.251%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:CRWD | 250.69 | 0.0087 | pay 0.0011% / 1h | 3m 16s | $893K | $676K | 10x |
| Short | Phemex CRWDUSDT | 250.95 | 0 | get 0.0000% / 8h | 3m 16s | $1.5M | $221K | 10x |
tradeXYZ xyz:CRWD
Phemex CRWDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against tradeXYZ. 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
- −$18.35
- Price spread: +0.104% → +0.012%
- $9.18
- Slippage, 4 orders
- −$131.66
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$170.83
- Costs to cover
- 1.617%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 53 min ago; Phemex: live order book, 5 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 tradeXYZ live order book, 53 min ago | 3.80 bp | 21.9 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.39 bp | 64.6 bp −$65 | 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 | −1.867% | $22K | $20K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.64 | −0.021% | $4K | $35K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.84 | +0.061% | $2.5M | $7.3M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 250.63 | −0.024% | $1.2M | $440K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.56 | −0.052% | $545K | $766K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.56 | −0.052% | $305K | $411K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 250.80 | +0.042% | $68K | $56K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 250.79 | +0.040% | $2K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 250.98 | +0.116% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDTshort | 0.0000% | 8h | 250.95 | +0.104% | $1.5M | $221K | 10x |
Injective CRWD/USDC PERP
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
SunX CRWD-USDT
HTX CRWD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWD-USDT | +0.0004% | 8h | 250.83 | +0.056% | $70K | $24K | 25x | as long as short |
| QFEX CRWD-USD | +0.0017% | 1h | 250.89 | +0.080% | $1.2M | $2.7M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 250.60 | −0.034% | $100K | — | 10x | as long as short |
| GRVT CRWD_USDT_Perp | +0.0052% | 8h | 250.74 | +0.020% | $1K | $124K | 10x | as long as short |
| tradeXYZ xyz:CRWDlong | +0.0087% | 1h | 250.69 | long leg | $893K | $676K | 10x | |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 250.66 | −0.012% | $34K | $255K | 20x | as long as short |
| Phoenix CRWD | +0.0128% | 1h | 250.49 | −0.080% | $3 | $121K | 10x | as long as short |
| Paragon para:CRWD | +0.0390% | 1h | 250.60 | −0.036% | $85K | $108K | 10x | as long as short |
BloFin CRWD-USDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
GRVT CRWD_USDT_Perp
KuCoin CRWDUSDTM
Phoenix CRWD
Paragon para:CRWD