Funding arb · Price arb /

CRM

RWAall CRM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.010%

Price spread now: QFEX against Bybit+0.088%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1551.552% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.088%, 7d avg +0.053%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.035% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRMUSDT	238.39	0	get 0.0000% / 8h	18m 00s	$263K	$75K	25x
Short	QFEX CRM-USD	238.60	0.0041	get 0.0005% / 1h	18m 00s	$1.1M	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $8.64
Price spread: +0.088% → +0.053%: $3.51
Slippage, 4 orders: −$134.23
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$143.09
Costs to cover: 1.552%
Break-even: 123.0 days

Slippage from Bybit: live order book, 2 min ago; QFEX: live order book, 11 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, 2 min ago	8.81 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	27.26 bp	36.0 bp −$36	42.8 bp −$428	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	−0.0368%	4h	238.68	+0.123%	$96K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	238.48	+0.039%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.70	+0.128%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDTlong	0.0000%	8h	238.39	long leg	$263K	$75K	25x
OKX CRM-USDT-SWAP	0.0000%	8h	238.57	+0.076%	$465K	$145K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	238.56	+0.071%	$216K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	238.22	−0.071%	$445K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.67	+0.119%	$54K	$47K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	238.63	+0.101%	$508	$113K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	238.70	+0.130%	$769	$258K	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	238.83	+0.185%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.105%	$12K	$10K	12x	as long as short
QFEX CRM-USDshort	+0.0041%	1h	238.60	+0.088%	$1.1M	$4.0M	10x
KuCoin CRMUSDTM	+0.0100%	8h	238.37	−0.008%	$97K	$436K	20x	as long as short