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 Bybit−0.004%7-day average +0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$575as in the Funding arb table

Net, price: spread back to 7d avg − costs−$602as in the Price arb table

costs, in and out, $10k−$5875.874% of the position

Long on Bybit 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)+0.071%+$7 · spread now −0.004%, 7d avg +0.137%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.141% cheaper against Bybit than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.137%). If the spread goes back, that is −$14 on $10k: about 4.7 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	Bybit CRMUSDT	238.17	0	get 0.0000% / 8h	49m 31s	$263K	$74K	25x
Short	KuCoin CRMUSDTM	238.16	0.0100	get 0.0100% / 8h	49m 31s	$98K	$417K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.004%Rate

Funding earned: $21
Price spread: −0.004% → +0.137%: −$14.13
Slippage, 4 orders: −$564.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$580.58
Costs to cover: 5.874%
Break-even: 200.5 days

Slippage from Bybit: live order book, 36 min ago; KuCoin: live order book, 54 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, 36 min ago	12.80 bp	56.4 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 54 min ago	8.81 bp	235.2 bp −$235	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	−0.0241%	4h	238.44	+0.114%	$96K	$230K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	238.33	+0.067%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.45	+0.118%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDTlong	0.0000%	8h	238.17	long leg	$263K	$74K	25x
OKX CRM-USDT-SWAP	0.0000%	8h	238.25	+0.034%	$459K	$135K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	238.57	+0.168%	$216K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	238.12	−0.021%	$445K	$31K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.44	+0.114%	$52K	$46K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	238.43	+0.107%	$1K	$116K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	238.48	+0.130%	$885	$262K	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	238.59	+0.176%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.013%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0041%	1h	238.41	+0.101%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTMshort	+0.0100%	8h	238.16	−0.004%	$98K	$417K	20x