Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: GRVT against Binance−0.032%109s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as 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−$850.849% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 2 days (all we have)+0.022%+$2 · spread now −0.032%, 7d avg +0.002%

Together, before fees+0.195%+ Points / potential airdropGRVT: Active · farm board+$19 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: GRVT is 0.034% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 109 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	Binance CRMUSDT	237.06	0	get 0.0000% / 8h	2h 09m	$1.8M	$1.6M	20x
Short	GRVT CRM_USDT_Perp	236.99	0	get 0.0000% / 8h	2h 09m	$446	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → +0.002%: −$3.45
Slippage, 4 orders: −$65.87
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$88.32
Costs to cover: 0.849%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; GRVT: live order book, 12 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, 9 min ago	4.64 bp	21.6 bp −$22	54.4 bp −$544	doesn't fit	doesn't fit
Sell GRVT live order book, 12 min ago	5.49 bp	18.2 bp −$18	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	−0.0941%	4h	237.04	−0.011%	$96K	$232K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	237.04	−0.010%	$11K	$2K	20x	as long as short
Binance CRMUSDTlong	0.0000%	8h	237.06	long leg	$1.8M	$1.6M	20x
Bybit CRMUSDT	0.0000%	8h	236.69	−0.157%	$261K	$98K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	236.55	−0.216%	$456K	$144K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	237.10	+0.016%	$224K	$21K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.71	−0.148%	$444K	$70K	20x	as long as short
Variational Omni CRM	0.0000%	8h	237.03	−0.015%	$24K	$19K	—	as long as short
GRVT CRM_USDT_Perpshort	0.0000%	8h	236.99	−0.032%	$446	$120K	10x
SunX CRM-USDT	0.0000%	8h	237.07	+0.004%	$1K	$335K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRM-USDT	0.0000%	8h	237.13	+0.029%	$10K	$25K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.455%	$12K	$24K	12x	as long as short
QFEX CRM-USD	+0.0080%	1h	236.71	−0.148%	$1.5M	$11.5M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.83	−0.098%	$103K	$725K	20x	as long as short