Funding you earn now, next payment 00:00 UTC+0.0291%/8h= +31.8% APRnext payment +$0.36 per $10,000 · paid last 24h +0.071%
Price spread now: Phoenix against QFEX−0.068%52s7-day average +0.093% · 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—prices read too far apart to compare
costs, in and out, $10k−$550.549% of the position
Funding, last 3 days (all we have)+0.103%+$10 on $10k
+Price spread, last 3 days (all we have)+0.043%+$4 · spread now −0.068%, 7d avg +0.093%
=Funding pays, the price is against you. Phoenix is 0.161% cheaper against QFEX than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.093%). If the spread goes back, that is −$16 on $10k: about 44 hours of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.103% in total) that is about 5.4 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX CRWD-USD | 249.55 | 0.0030 | pay 0.0004% / 1h | 46m 02s | $1.2M | $3.0M | 10x |
| Short | Phoenix CRWD | 249.38 | 0.0321 | get 0.0040% / 1h | 46m 02s | $7 | $140K | 10x |
QFEX CRWD-USD
Phoenix CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against QFEX. 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
- $61.06
- Price spread: −0.068% → +0.093%
- −$16.09
- Slippage, 4 orders
- −$37.92
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$9.95
- Costs to cover
- 0.549%
- Break-even
- 8.1 days
Slippage from QFEX: live order book, 7 min ago; Phoenix: live order book, 20 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, 7 min ago | 1.80 bp | 12.2 bp −$12 | 22.0 bp −$220 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 20 min ago | 2.41 bp | 17.3 bp −$17 | 52.6 bp −$526 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWD-USDT | −0.0025% | 8h | 249.72 | +0.068% | $73K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 249.28 | −0.108% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 249.63 | +0.032% | $2.4M | $6.7M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 249.35 | −0.080% | $1.2M | $665K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 249.65 | +0.040% | $618K | $637K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.19 | −0.144% | $292K | $417K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.59 | +0.017% | $67K | $60K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 249.66 | +0.044% | $2K | $1.2M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 249.79 | +0.096% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 249.59 | +0.016% | $1.5M | $194K | 10x | as long as short |
BloFin CRWD-USDT
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
SunX CRWD-USDT
HTX CRWD-USDT
Phemex CRWDUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CRWD-USDlong | +0.0030% | 1h | 249.55 | long leg | $1.2M | $3.0M | 10x | |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 249.21 | −0.136% | $99K | — | 10x | as long as short |
| Paragon para:CRWD | +0.0060% | 1h | 249.38 | −0.070% | $84K | $113K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 249.54 | −0.004% | $35K | $469K | 20x | as long as short |
| Injective CRWD/USDC PERP | +0.0220% | 1h | 238.48 | −4.436% | $21K | $19K | 12x | as long as short |
| Phoenix CRWDshort | +0.0321% | 1h | 249.38 | −0.068% | $7 | $140K | 10x | |
| tradeXYZ xyz:CRWD | +0.0429% | 1h | 249.41 | −0.056% | $867K | $655K | 10x | as long as short |
| GRVT CRWD_USDT_Perp | +0.0897% | 8h | 249.49 | −0.025% | $846 | $108K | 10x | as long as short |
Extended CRWD_24_5-USD
Paragon para:CRWD
KuCoin CRWDUSDTM
Injective CRWD/USDC PERP
tradeXYZ xyz:CRWD
GRVT CRWD_USDT_Perp