Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Binance+0.112%7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$2022.017% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.279%+$28 on $10k

Price spread, last 4 days (all we have)−1.041%−$104 · spread now +0.112%, 7d avg −0.078%

Together, before fees−0.763%−$76 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.190% dearer against Binance than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRMUSDT	240.08	0	get 0.0000% / 8h	7h 09m	$1.8M	$1.4M	20x
Short	Gate CRM_USDT	240.35	0	get 0.0000% / 8h	7h 09m	$217K	$29K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → −0.078%: $19.04
Slippage, 4 orders: −$176.71
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$182.67
Costs to cover: 2.017%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Gate: live order book, 17 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 Binance live order book, 10 min ago	2.49 bp	20.6 bp −$21	56.1 bp −$561	doesn't fit	doesn't fit
Sell Gate live order book, 17 min ago	16.23 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit

CRM on 14 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
edgeX CRMUSDC	−0.0637%	4h	240.32	+0.100%	$97K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	240.13	+0.022%	$11K	$2K	20x	as long as short
Binance CRMUSDTlong	0.0000%	8h	240.08	long leg	$1.8M	$1.4M	20x
Bybit CRMUSDT	0.0000%	8h	239.83	−0.104%	$264K	$76K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	239.82	−0.108%	$475K	$157K	10x	as long as short
Gate CRM_USDTshort	0.0000%	8h	240.35	+0.112%	$217K	$29K	20x
Bitget CRMUSDT	0.0000%	8h	239.81	−0.112%	$448K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	240.27	+0.079%	$52K	$48K	—	as long as short
SunX CRM-USDT	0.0000%	8h	240.38	+0.125%	$1K	$259K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	240.26	+0.075%	$10K	$32K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.808%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0071%	1h	239.97	−0.046%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	240.01	−0.029%	$98K	$506K	20x	as long as short
GRVT CRM_USDT_Perp	+0.0793%	8h	240.34	+0.109%	$661	$109K	10x	as long as short