Funding arb · Price arb /

CRM

RWAall CRM markets

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: SunX against Bybit+0.008%56s7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$306as 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−$3063.056% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.008%, 7d avg +0.048%

Together, before fees+0.068%+$7 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: SunX is 0.040% 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 +0.048%. The two prices were read 56 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	236.95	0	get 0.0000% / 8h	6h 40m	$262K	$71K	25x
Short	SunX CRM-USDT	236.97	0	get 0.0000% / 8h	6h 40m	$626	$267K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → +0.048%: −$3.97
Slippage, 4 orders: −$286.56
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$309.53
Costs to cover: 3.056%
Break-even: never at this rate

Slippage from Bybit: live order book, 10 min ago; SunX: live order book, just now.

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, 10 min ago	14.99 bp	65.0 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, just now	83.14 bp	102.2 bp −$102	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	236.95	0.000%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.96	+0.004%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDTlong	0.0000%	8h	236.95	long leg	$262K	$71K	25x
OKX CRM-USDT-SWAP	0.0000%	8h	237.02	+0.030%	$458K	$135K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	237.01	+0.025%	$221K	$22K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.79	−0.068%	$444K	$34K	20x	as long as short
Variational Omni CRM	0.0000%	8h	236.90	−0.020%	$46K	$41K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	237.05	+0.041%	$586	$115K	10x	as long as short
SunX CRM-USDTshort	0.0000%	8h	236.97	+0.008%	$626	$267K	10x
HTX CRM-USDT	0.0000%	8h	237.04	+0.038%	$10K	$26K	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	+0.0025%	1h	236.96	+0.004%	$1.5M	$11.5M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.502%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.79	−0.068%	$102K	$597K	20x	as long as short
edgeX CRMUSDC	+0.0808%	4h	236.92	−0.013%	$96K	$229K	10x	as long as short