Funding you earn now, next payment 04:00 UTC+0.0169%/8h= +18.6% APRpaid last 24h +0.009%
Price spread now: tradeXYZ against Phemex−0.124%48s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1401.402% of the position
Funding, last 7 days−0.279%−$28 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.124%, 7d avg −0.006%
=Together, before fees−0.197%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.118% cheaper against Phemex than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of −0.006%). If the spread goes back, that is −$12 on $10k: about 2.3 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.279%, so the current rate has only just turned in your favour. The two prices were read 48 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 | Phemex CRWDUSDT | 249.33 | 0 | get 0.0000% / 8h | 4h 59m | $1.5M | $191K | 10x |
| Short | tradeXYZ xyz:CRWD | 249.02 | 0.0169 | get 0.0021% / 1h | 59m 34s | $863K | $626K | 10x |
Phemex CRWDUSDT
tradeXYZ xyz:CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $35.59
- Price spread: −0.124% → −0.006%
- −$11.8
- Slippage, 4 orders
- −$110.23
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$116.45
- Costs to cover
- 1.402%
- Break-even
- 29.9 days
Slippage from Phemex: live order book, 3 min ago; tradeXYZ: live order book, 37 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, 3 min ago | 3.21 bp | 51.2 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 37 min ago | 3.21 bp | 20.5 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 | 240.64 | −3.485% | $21K | $20K | 12x | as long as short |
| BloFin CRWD-USDT | −0.0011% | 8h | 249.30 | −0.012% | $72K | $24K | 25x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 249.12 | −0.084% | $4K | $37K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 249.25 | −0.032% | $2.4M | $6.7M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 248.98 | −0.140% | $1.1M | $530K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 249.30 | −0.012% | $601K | $652K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 249.17 | −0.064% | $292K | $416K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 249.26 | −0.030% | $67K | $60K | — | as long as short |
| GRVT CRWD_USDT_Perp | 0.0000% | 8h | 249.22 | −0.044% | $1K | $112K | 10x | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 249.28 | −0.020% | $2K | $1.2M | 10x | as long as short |
Injective CRWD/USDC PERP
BloFin CRWD-USDT
Aster CRWDUSDT
Binance CRWDUSDT
Bybit CRWDUSDT
OKX CRWD-USDT-SWAP
Bitget CRWDUSDT
Variational Omni CRWD
GRVT CRWD_USDT_Perp
SunX CRWD-USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CRWD-USDT | 0.0000% | 8h | 249.44 | +0.044% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDTlong | 0.0000% | 8h | 249.33 | long leg | $1.5M | $191K | 10x | |
| QFEX CRWD-USD | +0.0046% | 1h | 249.20 | −0.052% | $1.2M | $2.8M | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 248.94 | −0.158% | $99K | — | 10x | as long as short |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 249.26 | −0.028% | $34K | $418K | 20x | as long as short |
| tradeXYZ xyz:CRWDshort | +0.0169% | 1h | 249.02 | −0.124% | $863K | $626K | 10x | |
| Phoenix CRWD | +0.0289% | 1h | 249.14 | −0.076% | $7 | $106K | 10x | as long as short |
| Paragon para:CRWD | +0.0469% | 1h | 248.82 | −0.205% | $84K | $108K | 10x | as long as short |
HTX CRWD-USDT
QFEX CRWD-USD
Extended CRWD_24_5-USD
KuCoin CRWDUSDTM
Phoenix CRWD
Paragon para:CRWD