CRWD

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.055%

Price spread now: Paragon against QFEX−0.126%7-day average +0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on QFEX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.227%−$23 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.126%, 7d avg +0.102%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paragon is 0.228% cheaper against QFEX than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of +0.102%). If the spread goes back, that is −$23 on $10k: about 8.3 days of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.227%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRWD-USD	251.32	0.0044	pay 0.0005% / 1h	7m 33s	$1.2M	$2.6M	10x
Short	Paragon para:CRWD	251.00	0.0135	get 0.0017% / 1h	7m 33s	$85K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee ParagonbpOrdersPrice spread, now −0.126%Rate

Funding earned: $19.23
Price spread: −0.126% → +0.102%: −$22.78
Slippage, 4 orders: −$41.61
Fee QFEX: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$65.16
Costs to cover: 0.616%
Break-even: 30.7 days

Slippage from QFEX: live order book, 5 min ago; Paragon: live order book, 68 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 QFEX live order book, 5 min ago	2.39 bp	8.0 bp −$8	16.4 bp −$164	doesn't fit	doesn't fit
Sell Paragon live order book, 68 min ago	3.40 bp	21.5 bp −$21	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	246.46	−1.934%	$22K	$20K	12x	as long as short
Aster CRWDUSDT	0.0000%	8h	251.24	−0.032%	$4K	$37K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	251.33	+0.004%	$2.5M	$7.1M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	251.18	−0.056%	$1.2M	$550K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	251.14	−0.072%	$601K	$696K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	251.13	−0.076%	$294K	$416K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	251.65	+0.132%	$68K	$60K	—	as long as short
GRVT CRWD_USDT_Perp	0.0000%	8h	251.67	+0.140%	$1K	$123K	10x	as long as short
SunX CRWD-USDT	0.0000%	8h	251.42	+0.040%	$2K	$1.2M	10x	as long as short
HTX CRWD-USDT	0.0000%	8h	251.84	+0.207%	$6K	$7K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	251.34	+0.008%	$1.5M	$213K	10x	as long as short
BloFin CRWD-USDT	+0.0016%	8h	251.54	+0.088%	$72K	$24K	25x	as long as short
QFEX CRWD-USDlong	+0.0044%	1h	251.32	long leg	$1.2M	$2.6M	10x
Extended CRWD_24_5-USD	+0.0048%	1h	250.93	−0.155%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0067%	1h	251.01	−0.123%	$893K	$676K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	251.18	−0.056%	$34K	$286K	20x	as long as short
Paragon para:CRWDshort	+0.0135%	1h	251.00	−0.126%	$85K	$108K	10x
Phoenix CRWD	+0.0160%	1h	251.36	+0.016%	$2	$106K	10x	as long as short