Funding you earn now, next payment 09:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.028%
Price spread now: Injective against Phemex−1.128%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 1.128% cheaper against Phemex than usual: you would sell low and buy high (−$113 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CRWDUSDT | 250.00 | 0 | get 0.0000% / 8h | 7h 35m | $1.5M | $227K | 10x |
| Short | Injective CRWD/USDC PERP | 247.18 | −0.0220 | pay 0.0028% / 1h | 35m 14s | $22K | $20K | 12x |
Phemex CRWDUSDT
Injective CRWD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Phemex. 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
- −$46.2
- Price spread: −1.128% → 0.000%
- −$112.8
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$171.02
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Injective: no order-book sample. 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 Phemex live order book, 3 min ago | 6.40 bp | 62.0 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.0220% | 1h | 247.18 | −1.128% | $22K | $20K | 12x | |
| Bybit CRWDUSDT | −0.0178% | 8h | 249.67 | −0.132% | $1.1M | $438K | 25x | as long as short |
| Paragon para:CRWD | −0.0061% | 1h | 249.90 | −0.040% | $84K | $108K | 10x | as long as short |
| BloFin CRWD-USDT | −0.0011% | 8h | 250.05 | +0.020% | $70K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.14 | +0.055% | $4K | $36K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.00 | 0.000% | $2.5M | $7.4M | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.02 | +0.008% | $541K | $772K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.89 | −0.044% | $304K | $410K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.93 | −0.026% | $67K | $57K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 249.97 | −0.012% | $912 | $120K | 10x | as long as short |
Bybit CRWDUSDT
Paragon para:CRWD
BloFin CRWD-USDT
Aster CRWDUSDT
Binance CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
GRVT CRWD_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX CRWD-USDT | 0.0000% | 8h | 249.89 | −0.044% | $1K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 250.21 | +0.084% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDTlong | 0.0000% | 8h | 250.00 | long leg | $1.5M | $227K | 10x | |
| QFEX CRWD-USD | +0.0030% | 1h | 250.12 | +0.048% | $1.2M | $2.7M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 249.88 | −0.050% | $100K | $50 | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 249.84 | −0.064% | $890K | $677K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 250.06 | +0.024% | $34K | $268K | 20x | as long as short |
| Phoenix CRWD | +0.0255% | 1h | 250.04 | +0.016% | $7 | $120K | 10x | as long as short |
SunX CRWD-USDT
HTX CRWD-USDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
KuCoin CRWDUSDTM
Phoenix CRWD