Funding you earn now, next payment 07:00 UTC−0.0037%/8h= −4.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.064%
Price spread now: tradeXYZ against Phoenix−0.068%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$830.826% of the position
Funding, last 7 days−0.441%−$44 on $10k
+Price spread, last 4 days (all we have)+0.697%+$70 · spread now −0.068%, 7d avg −0.077%
=Together, before fees+0.255%+ Points / potential airdroptradeXYZ: Active · farm board+$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.077%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CRWD | 250.88 | 0.0128 | pay 0.0016% / 1h | 31m 16s | $5 | $121K | 10x |
| Short | tradeXYZ xyz:CRWD | 250.71 | 0.0091 | get 0.0011% / 1h | 31m 16s | $894K | $676K | 10x |
Phoenix CRWD
tradeXYZ xyz:CRWDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Phoenix. 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
- −$7.68
- Price spread: −0.068% → −0.077%
- $0.92
- Slippage, 4 orders
- −$57.56
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$89.32
- Costs to cover
- 0.826%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 63 min ago; tradeXYZ: live order book, 25 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 Phoenix live order book, 63 min ago | 2.79 bp | 16.0 bp −$16 | 62.5 bp −$625 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 25 min ago | 3.80 bp | 27.2 bp −$27 | 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 | 246.01 | −1.941% | $22K | $20K | 12x | as long as short |
| Aster CRWDUSDT | 0.0000% | 8h | 250.86 | −0.009% | $4K | $35K | 20x | as long as short |
| Binance CRWDUSDT | 0.0000% | 8h | 250.92 | +0.016% | $2.5M | $7.3M | 25x | as long as short |
| Bybit CRWDUSDT | 0.0000% | 8h | 250.73 | −0.060% | $1.2M | $441K | 25x | as long as short |
| OKX CRWD-USDT-SWAP | 0.0000% | 8h | 250.78 | −0.040% | $547K | $764K | 25x | as long as short |
| Bitget CRWDUSDT | 0.0000% | 8h | 250.76 | −0.048% | $306K | $443K | 20x | as long as short |
| Variational Omni CRWD | 0.0000% | 8h | 250.89 | +0.003% | $68K | $60K | — | as long as short |
| SunX CRWD-USDT | 0.0000% | 8h | 250.75 | −0.052% | $2K | $1.1M | 10x | as long as short |
| HTX CRWD-USDT | 0.0000% | 8h | 251.63 | +0.299% | $6K | $7K | 20x | as long as short |
| Phemex CRWDUSDT | 0.0000% | 8h | 250.92 | +0.016% | $1.5M | $221K | 10x | as long as short |
Injective CRWD/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CRWD-USDT | +0.0002% | 8h | 250.94 | +0.024% | $70K | $24K | 25x | as long as short |
| QFEX CRWD-USD | +0.0017% | 1h | 250.90 | +0.008% | $1.2M | $2.7M | 10x | as long as short |
| GRVT CRWD_USDT_Perp | +0.0028% | 8h | 250.94 | +0.025% | $866 | $125K | 10x | as long as short |
| Extended CRWD_24_5-USD | +0.0048% | 1h | 250.74 | −0.056% | $100K | — | 10x | as long as short |
| tradeXYZ xyz:CRWDshort | +0.0091% | 1h | 250.71 | −0.068% | $894K | $676K | 10x | |
| KuCoin CRWDUSDTM | +0.0100% | 8h | 250.63 | −0.100% | $34K | $231K | 20x | as long as short |
| Phoenix CRWDlong | +0.0128% | 1h | 250.88 | long leg | $5 | $121K | 10x | |
| Paragon para:CRWD | +0.0313% | 1h | 250.61 | −0.107% | $85K | $108K | 10x | as long as short |
BloFin CRWD-USDT
QFEX CRWD-USD
GRVT CRWD_USDT_Perp
Extended CRWD_24_5-USD
KuCoin CRWDUSDTM
Paragon para:CRWD