Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Phemex+0.040%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$500as in the Funding arb table
Net, price: spread back to 7d avg − costs−$529as in the Price arb table
costs, in and out, $10k−$5255.246% of the position
Funding, last 7 days+0.243%+$24 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.040%, 7d avg +0.087%
=Funding pays, the price is against you. KuCoin is 0.047% cheaper against Phemex than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.087%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CRWDUSDT | 250.01 | 0 | get 0.0000% / 8h | 7h 33m | $1.5M | $227K | 10x |
| Short | KuCoin CRWDUSDTM | 250.11 | 0.0100 | get 0.0100% / 8h | 7h 33m | $34K | $269K | 20x |
Phemex CRWDUSDT
KuCoin CRWDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.040% → +0.087%
- −$4.73
- Slippage, 4 orders
- −$500.59
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$508.32
- Costs to cover
- 5.246%
- Break-even
- 176.4 days
Slippage from Phemex: live order book, 4 min ago; KuCoin: live order book, 58 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 Phemex live order book, 4 min ago | 6.40 bp | 62.0 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 58 min ago | 14.76 bp | 108.9 bp −$109 | 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 | 247.18 | −1.132% | $22K | $20K | 12x | as long as short |
| Bybit CRWDUSDT | −0.0193% | 8h | 249.84 | −0.068% | $1.1M | $438K | 25x | as long as short |
| Paragon para:CRWD | −0.0050% | 1h | 249.90 | −0.044% | $84K | $108K | 10x | as long as short |
| BloFin CRWD-USDT | −0.0011% | 8h | 250.05 | +0.016% | $70K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.13 | +0.046% | $4K | $36K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.00 | −0.004% | $2.5M | $7.4M | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.02 | +0.004% | $541K | $772K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.88 | −0.052% | $304K | $410K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.93 | −0.030% | $67K | $57K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 249.97 | −0.016% | $912 | $120K | 10x | as long as short |
Injective CRWD/USDC PERP
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 | −0.048% | $1K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 250.21 | +0.080% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDTlong | 0.0000% | 8h | 250.01 | long leg | $1.5M | $227K | 10x | |
| QFEX CRWD-USD | +0.0030% | 1h | 250.01 | 0.000% | $1.2M | $2.7M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 249.85 | −0.064% | $100K | $50 | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 249.81 | −0.080% | $890K | $677K | 10x | as long as short |
| KuCoin CRWDUSDTMshort | +0.0100% | 8h | 250.11 | +0.040% | $34K | $269K | 20x | |
| Phoenix CRWD | +0.0255% | 1h | 250.04 | +0.012% | $7 | $120K | 10x | as long as short |
SunX CRWD-USDT
HTX CRWD-USDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
Phoenix CRWD