Funding you earn now, next payment 04:00 UTC+0.0350%/8h= +38.4% APRpaid last 24h +0.063%
Price spread now: Paragon against Bybit−0.048%53s7-day average +0.100% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.048%, 7d avg +0.100%
=Funding pays, the price is against you. Paragon is 0.148% cheaper against Bybit than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.100%). If the spread goes back, that is −$15 on $10k: about 34 hours of funding at the current rate (+$11 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CRWDUSDT | 249.01 | 0 | get 0.0000% / 8h | 4h 11m | $1.1M | $531K | 25x |
| Short | Paragon para:CRWD | 248.89 | 0.0350 | get 0.0044% / 1h | 11m 00s | $84K | $108K | 10x |
Bybit CRWDUSDT
Paragon para:CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against Bybit. 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
- $73.57
- Price spread: −0.048% → +0.100%
- −$14.83
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- $37.74
- Costs to cover
- 0.210%
- Break-even
- 3.4 days
Slippage unknown: Bybit: live order book, 5 min ago; Paragon: live order book, 14 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 Bybit live order book, 5 min ago | 4.22 bp | 43.2 bp −$43 | 219.2 bp −$2,192 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 14 min ago | 2.61 bp | 13.6 bp −$14 | 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 | 245.61 | −1.365% | $22K | $20K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 249.08 | +0.027% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 249.12 | +0.044% | $2.4M | $6.7M | 25x | as long as short |
| Bybit CRWDUSDTlong | 0.0000% | 8h | 249.01 | long leg | $1.1M | $531K | 25x | |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 249.30 | +0.116% | $600K | $658K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.10 | +0.036% | $292K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.08 | +0.028% | $67K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 249.16 | +0.060% | $1K | $114K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 249.03 | +0.008% | $2K | $1.2M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 249.31 | +0.120% | $6K | $7K | 20x | as long as short |
Injective CRWD/USDC PERP
Aster CRWDUSDT
Binance CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
GRVT CRWD_USDT_Perp
SunX CRWD-USDT
HTX CRWD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex CRWDUSDT | 0.0000% | 8h | 249.13 | +0.048% | $1.5M | $192K | 10x | as long as short |
| BloFin CRWD-USDT | +0.0029% | 8h | 249.15 | +0.056% | $72K | $24K | 25x | as long as short |
| QFEX CRWD-USD | +0.0040% | 1h | 249.07 | +0.024% | $1.2M | $2.7M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 248.95 | −0.022% | $99K | — | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 249.13 | +0.048% | $864K | $626K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 249.10 | +0.036% | $34K | $374K | 20x | as long as short |
| Phoenix CRWD | +0.0225% | 1h | 249.32 | +0.124% | $2 | $106K | 10x | as long as short |
| Paragon para:CRWDshort | +0.0350% | 1h | 248.89 | −0.048% | $84K | $108K | 10x |
Phemex CRWDUSDT
BloFin CRWD-USDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
KuCoin CRWDUSDTM
Phoenix CRWD