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: Bitget against Bybit−0.021%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1661.665% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.021%, 7d avg −0.070%

Together, before fees+0.039%+$4 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: Bitget is 0.049% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRMUSDT	238.25	0	get 0.0000% / 8h	1h 06m	$263K	$74K	25x
Short	Bitget CRMUSDT	238.20	0	get 0.0000% / 8h	1h 06m	$445K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → −0.070%: $4.92
Slippage, 4 orders: −$143.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$161.56
Costs to cover: 1.665%
Break-even: never at this rate

Slippage from Bybit: live order book, 19 min ago; Bitget: live order book, 29 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 Bybit live order book, 19 min ago	12.80 bp	56.4 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 29 min ago	9.86 bp	26.0 bp −$26	51.0 bp −$510	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	−0.0004%	4h	238.52	+0.114%	$96K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	238.19	−0.023%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.42	+0.071%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDTlong	0.0000%	8h	238.25	long leg	$263K	$74K	25x
OKX CRM-USDT-SWAP	0.0000%	8h	238.36	+0.046%	$459K	$137K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	238.61	+0.151%	$216K	$29K	20x	as long as short
Bitget CRMUSDTshort	0.0000%	8h	238.20	−0.021%	$445K	$31K	20x
Variational Omni CRM	0.0000%	8h	238.53	+0.116%	$51K	$46K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	238.54	+0.121%	$677	$117K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	238.56	+0.130%	$926	$264K	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	238.70	+0.189%	$10K	$31K	20x	as long as short
QFEX CRM-USD	+0.0016%	1h	238.45	+0.084%	$1.1M	$3.9M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.046%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	238.21	−0.017%	$98K	$418K	20x	as long as short