Funding you earn now, next payment 20:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h −0.079%
Price spread now: Binance against Phoenix+0.056%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.278%−$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Binance is 0.056% dearer against Phoenix than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.7 days. At the pace of the last 7 days (−0.278% in total) that is about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRWD | 249.80 | 0.0320 | pay 0.0040% / 1h | 7m 07s | $7 | $47K | 10x |
| Short | Binance CRWDUSDT | 249.94 | 0.0295 | get 0.0295% / 8h | 3h 07m | $2.6M | $4.7M | 25x |
Phoenix CRWD
Binance CRWDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phoenix. 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
- −$5.11
- Price spread: +0.056% → 0.000%
- $5.6
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$16.5
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 8 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 8 min ago | 1.40 bp | 12.0 bp −$12 | 45.0 bp −$450 | doesn't fit | doesn't fit |
Phoenix: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CRWD/USDC PERP | −0.0220% | 1h | 243.50 | −2.522% | $21K | $72K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 249.66 | −0.056% | $5K | $51K | 20x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 249.60 | −0.080% | $1.2M | $300K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.74 | −0.024% | $298K | $87K | 20x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 249.94 | +0.056% | $1K | $370K | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 250.15 | +0.140% | $6K | $5K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 249.94 | +0.056% | $1.5M | $233K | 10x | as long as short |
| OKX CRWD-USDT-SWAP | +0.0043% | 8h | 249.87 | +0.028% | $520K | $426K | 25x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 249.70 | −0.039% | $120K | $31K | 10x | as long as short |
| QFEX CRWD-USD | +0.0063% | 1h | 249.98 | +0.072% | $1.2M | $2.4M | 10x | as long as short |
Injective CRWD/USDC PERP
Aster CRWDUSDT
Bybit CRWDUSDT
Bitget CRWDUSDT
SunX CRWD-USDT
HTX CRWD-USDT
Phemex CRWDUSDT
OKX CRWD-USDT-SWAP
Extended CRWD_24_5-USD
QFEX CRWD-USDShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CRWDUSDTM | +0.0100% | 8h | 249.90 | +0.040% | $34K | $1.0M | 20x | as long as short |
| tradeXYZ xyz:CRWD | +0.0148% | 1h | 249.74 | −0.024% | $877K | $270K | 10x | as long as short |
| Variational Omni CRWD | +0.0219% | 8h | 249.98 | +0.071% | $73K | $10K | — | as long as short |
| Paragon para:CRWD | +0.0267% | 1h | 249.69 | −0.044% | $70K | $60K | 10x | as long as short |
| Binance CRWDUSDTshort | +0.0295% | 8h | 249.94 | +0.056% | $2.6M | $4.7M | 25x | |
| Phoenix CRWDlong | +0.0320% | 1h | 249.80 | long leg | $7 | $47K | 10x | |
| BloFin CRWD-USDT | +0.0322% | 8h | 249.89 | +0.036% | $73K | $16K | 25x | as long as short |
| GRVT CRWD_USDT_Perp | +0.0478% | 8h | 249.85 | +0.019% | $737 | $117K | 10x | as long as short |
KuCoin CRWDUSDTM
tradeXYZ xyz:CRWD
Variational Omni CRWD
Paragon para:CRWD
BloFin CRWD-USDT
GRVT CRWD_USDT_Perp