Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget+0.216%7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1361.357% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$17 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.216%, 7d avg +0.138%

Together, before fees−0.206%−$21 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: Binance is 0.078% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRMUSDT	236.92	0	get 0.0000% / 8h	2h 55m	$443K	$30K	20x
Short	Binance CRMUSDT	237.43	0	get 0.0000% / 8h	2h 55m	$1.8M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.216%Rate

Funding earned: $0
Price spread: +0.216% → +0.138%: $7.79
Slippage, 4 orders: −$113.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$127.88
Costs to cover: 1.357%
Break-even: never at this rate

Slippage from Bitget: live order book, 50 min ago; Binance: live order book, 8 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 Bitget live order book, 50 min ago	10.14 bp	71.8 bp −$72	90.1 bp −$901	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	4.42 bp	16.0 bp −$16	59.5 bp −$595	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	−0.0741%	4h	237.35	+0.183%	$96K	$230K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	237.34	+0.176%	$11K	$2K	20x	as long as short
Binance CRMUSDTshort	0.0000%	8h	237.43	+0.216%	$1.8M	$1.4M	20x
Bybit CRMUSDT	0.0000%	8h	237.29	+0.156%	$262K	$73K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	237.49	+0.241%	$458K	$136K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	237.22	+0.127%	$221K	$28K	20x	as long as short
Bitget CRMUSDTlong	0.0000%	8h	236.92	long leg	$443K	$30K	20x
Variational Omni CRM	0.0000%	8h	237.31	+0.164%	$50K	$44K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	237.25	+0.137%	$671	$118K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	237.34	+0.177%	$1K	$265K	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	237.46	+0.228%	$10K	$28K	20x	as long as short
QFEX CRM-USD	+0.0007%	1h	237.27	+0.148%	$1.1M	$4.3M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.515%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	237.33	+0.173%	$98K	$472K	20x	as long as short