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 +0.001%

Price spread now: GRVT against Bybit−0.024%90s7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as 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−$1421.417% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.237%−$24 · spread now −0.024%, 7d avg +0.015%

Together, before fees−0.238%+ Points / potential airdropGRVT: Active · farm board−$24 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 0.039% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.015%. The two prices were read 90 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	Bybit CRMUSDT	236.77	0	get 0.0000% / 8h	5h 12m	$263K	$71K	25x
Short	GRVT CRM_USDT_Perp	236.71	0	get 0.0000% / 8h	5h 12m	$660	$117K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → +0.015%: −$3.92
Slippage, 4 orders: −$121.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$145.66
Costs to cover: 1.417%
Break-even: never at this rate

Slippage from Bybit: live order book, 33 min ago; GRVT: live order book, 50 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, 33 min ago	5.50 bp	62.6 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 50 min ago	4.64 bp	21.3 bp −$21	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	−0.0657%	4h	236.74	−0.012%	$96K	$231K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	236.81	+0.017%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.78	+0.004%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDTlong	0.0000%	8h	236.77	long leg	$263K	$71K	25x
OKX CRM-USDT-SWAP	0.0000%	8h	236.64	−0.055%	$456K	$137K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	236.84	+0.030%	$221K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.65	−0.051%	$443K	$32K	20x	as long as short
Variational Omni CRM	0.0000%	8h	236.74	−0.011%	$49K	$44K	—	as long as short
GRVT CRM_USDT_Perpshort	0.0000%	8h	236.71	−0.024%	$660	$117K	10x
SunX CRM-USDT	0.0000%	8h	236.80	+0.013%	$807	$268K	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	236.88	+0.046%	$10K	$27K	20x	as long as short
QFEX CRM-USD	+0.0007%	1h	236.77	0.000%	$1.2M	$7.8M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.579%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.58	−0.080%	$100K	$540K	20x	as long as short