Funding you earn now, next payment 11:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.009%
Price spread now: QFEX against tradeXYZ+0.072%7-day average −0.010% · 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−$47as in the Price arb table
costs, in and out, $10k−$550.553% of the position
Funding, last 4 days (all we have)+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.072%, 7d avg −0.010%
=Together, before fees−0.119%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.083% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.010%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 26 days. Mind the row above: over the last 4 days funding on this pair paid +0.051%, 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 | 249.32 | 0.0050 | pay 0.0006% / 1h | 43m 09s | $894K | $697K | 10x |
| Short | QFEX CRWD-USD | 249.50 | 0.0039 | get 0.0005% / 1h | 43m 09s | $1.2M | $2.6M | 10x |
tradeXYZ xyz:CRWD
QFEX CRWD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$2.22
- Price spread: +0.072% → −0.010%
- $8.27
- Slippage, 4 orders
- −$27.31
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$49.26
- Costs to cover
- 0.553%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 60 min ago; QFEX: live order book, 3 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, 60 min ago | 3.19 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 2.20 bp | 9.2 bp −$9 | 18.8 bp −$188 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CRWDUSDT | 0.0000% | 8h | 249.70 | +0.152% | $4K | $36K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 249.69 | +0.148% | $2.5M | $7.5M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 249.42 | +0.040% | $1.1M | $475K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 249.65 | +0.132% | $548K | $772K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.42 | +0.040% | $305K | $409K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.55 | +0.091% | $70K | $55K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 249.56 | +0.096% | $484 | $122K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 249.87 | +0.221% | $2K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 249.94 | +0.249% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 249.68 | +0.144% | $1.5M | $236K | 10x | as long as short |
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
GRVT CRWD_USDT_Perp
SunX CRWD-USDT
HTX CRWD-USDT
Phemex CRWDUSDTShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWD-USDT | +0.0014% | 8h | 249.59 | +0.108% | $71K | $24K | 25x | as long as short |
| QFEX CRWD-USDshort | +0.0039% | 1h | 249.50 | +0.072% | $1.2M | $2.6M | 10x | |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 249.25 | −0.028% | $99K | $200 | 10x | as long as short |
| tradeXYZ xyz:CRWDlong | +0.0050% | 1h | 249.32 | long leg | $894K | $697K | 10x | |
| Paragon para:CRWD | +0.0060% | 1h | 249.28 | −0.016% | $84K | $108K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 249.62 | +0.120% | $36K | $393K | 20x | as long as short |
| Injective CRWD/USDC PERP | +0.0220% | 1h | 251.56 | +0.898% | $22K | $20K | 12x | as long as short |
| Phoenix CRWD | +0.0256% | 1h | 249.62 | +0.120% | $4 | $120K | 10x | as long as short |
BloFin CRWD-USDT
Extended CRWD_24_5-USD
Paragon para:CRWD
KuCoin CRWDUSDTM
Injective CRWD/USDC PERP
Phoenix CRWD