Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 13:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against Aster−0.990%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Injective is 0.990% cheaper against Aster than usual: you would sell low and buy high (spread −0.990% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$99 on $10k: about 3 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRMUSDT	240.52	0	get 0.0000% / 8h	3h 25m	$11K	$2K	20x
Short	Injective CRM/USDC PERP	238.14	0.0033	get 0.0004% / 1h	25m 19s	$12K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee InjectivebpOrdersPrice spread, now −0.990%Rate

Funding earned: $7
Price spread: −0.990% → 0.000%: −$99
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$100.02
Costs to cover: 0.080%
Break-even: 107.0 days

Slippage unknown: Aster: no order-book sample; Injective: no order-book sample. 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 Aster no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Aster and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CRM on 14 exchanges

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
edgeX CRMUSDC	−0.0447%	4h	240.64	+0.051%	$97K	$229K	10x	as long as short
Aster CRMUSDTlong	0.0000%	8h	240.52	long leg	$11K	$2K	20x
Bybit CRMUSDT	0.0000%	8h	240.39	−0.055%	$267K	$61K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	240.26	−0.109%	$466K	$199K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	240.67	+0.062%	$214K	$25K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	240.44	−0.034%	$473K	$54K	20x	as long as short
Variational Omni CRM	0.0000%	8h	240.64	+0.049%	$75K	$71K	—	as long as short
SunX CRM-USDT	0.0000%	8h	240.68	+0.066%	$1K	$237K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	240.80	+0.116%	$10K	$32K	20x	as long as short
Injective CRM/USDC PERPshort	+0.0033%	1h	238.14	−0.990%	$12K	$10K	12x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRM-USD	+0.0039%	1h	240.56	+0.016%	$1.1M	$3.5M	10x	as long as short
Binance CRMUSDT	+0.0045%	8h	240.56	+0.016%	$1.8M	$1.4M	20x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	240.39	−0.055%	$93K	$713K	20x	as long as short
GRVT CRM_USDT_Perp	+0.0321%	8h	240.68	+0.064%	$1K	$115K	10x	as long as short