Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.1% APRpaid last 24h −0.003%
Price spread now: QFEX against Phemex−0.068%7-day average −0.018% · 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−$127as in the Price arb table
costs, in and out, $10k−$1221.216% of the position
Funding, last 4 days (all we have)−0.005%$0 on $10k
+Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.068%, 7d avg −0.018%
=Funding pays, the price is against you. QFEX is 0.050% cheaper against Phemex than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.018%). If the spread goes back, that is −$5 on $10k: about 3.6 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex CRWDUSDT | 249.13 | 0 | get 0.0000% / 8h | 5h 48m | $1.5M | $191K | 10x |
| Short | QFEX CRWD-USD | 248.96 | 0.0046 | get 0.0006% / 1h | 48m 47s | $1.2M | $2.8M | 10x |
Phemex CRWDUSDT
QFEX CRWD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $9.73
- Price spread: −0.068% → −0.018%
- −$4.99
- Slippage, 4 orders
- −$99.6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$116.86
- Costs to cover
- 1.216%
- Break-even
- 91.1 days
Slippage from Phemex: live order book, 4 min ago; QFEX: live order book, 4 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 | 3.21 bp | 61.7 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.21 bp | 8.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
CRWD on 17 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 | 240.64 | −3.408% | $21K | $20K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 249.01 | −0.048% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 249.00 | −0.052% | $2.4M | $6.7M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 248.78 | −0.140% | $1.1M | $529K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 249.14 | +0.004% | $615K | $615K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.01 | −0.048% | $292K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.01 | −0.050% | $67K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 249.04 | −0.034% | $677 | $111K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 249.03 | −0.040% | $2K | $1.2M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 249.21 | +0.032% | $6K | $7K | 20x | as long as short |
Injective CRWD/USDC PERP
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
GRVT CRWD_USDT_Perp
SunX CRWD-USDT
HTX CRWD-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex CRWDUSDTlong | 0.0000% | 8h | 249.13 | long leg | $1.5M | $191K | 10x | |
| QFEX CRWD-USDshort | +0.0046% | 1h | 248.96 | −0.068% | $1.2M | $2.8M | 10x | |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 248.83 | −0.120% | $99K | — | 10x | as long as short |
| tradeXYZ xyz:CRWD | +0.0050% | 1h | 248.85 | −0.112% | $867K | $627K | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 248.99 | −0.056% | $34K | $452K | 20x | as long as short |
| Phoenix CRWD | +0.0289% | 1h | 249.02 | −0.044% | $4 | $106K | 10x | as long as short |
| Paragon para:CRWD | +0.0312% | 1h | 248.64 | −0.199% | $84K | $108K | 10x | as long as short |
Extended CRWD_24_5-USD
tradeXYZ xyz:CRWD
KuCoin CRWDUSDTM
Phoenix CRWD
Paragon para:CRWD