CRM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.148%

Price spread now: KuCoin against Bitget+0.013%7-day average +0.212% · you sell dearer than you buy

Net, funding: paid 7d − costs−$617as in the Funding arb table

Net, price: spread back to 7d avg − costs−$649as in the Price arb table

costs, in and out, $10k−$6296.287% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.013%, 7d avg +0.212%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.199% cheaper against Bitget than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.212%). If the spread goes back, that is −$20 on $10k: about 6.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRMUSDT	236.64	0	get 0.0000% / 8h	3h 49m	$443K	$31K	20x
Short	KuCoin CRMUSDTM	236.67	0.0100	get 0.0100% / 8h	3h 49m	$98K	$500K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.013%Rate

Funding earned: $21
Price spread: +0.013% → +0.212%: −$19.89
Slippage, 4 orders: −$604.72
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$627.61
Costs to cover: 6.287%
Break-even: 216.2 days

Slippage from Bitget: live order book, 62 min ago; KuCoin: live order book, 24 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, 62 min ago	8.66 bp	37.8 bp −$38	93.1 bp −$931	doesn't fit	doesn't fit
Sell KuCoin live order book, 24 min ago	5.07 bp	230.1 bp −$230	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
Aster CRMUSDT	0.0000%	8h	236.91	+0.112%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.83	+0.082%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	236.89	+0.106%	$263K	$72K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	236.64	0.000%	$456K	$136K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	236.81	+0.072%	$221K	$28K	20x	as long as short
Bitget CRMUSDTlong	0.0000%	8h	236.64	long leg	$443K	$31K	20x
Variational Omni CRM	0.0000%	8h	236.75	+0.048%	$50K	$44K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	236.89	+0.106%	$606	$116K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	236.84	+0.085%	$848	$269K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	236.95	+0.131%	$10K	$28K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRM-USD	+0.0022%	1h	236.87	+0.097%	$1.1M	$5.2M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.634%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTMshort	+0.0100%	8h	236.67	+0.013%	$98K	$500K	20x
edgeX CRMUSDC	+0.0964%	4h	236.83	+0.082%	$96K	$229K	10x	as long as short