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: Variational Omni against Bybit+0.065%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.065% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRMUSDT	236.66	0	get 0.0000% / 8h	3h 30m	$262K	$72K	25x
Short	Variational Omni CRM	236.81	0	get 0.0000% / 8h	3h 30m	$50K	$44K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → 0.000%: $6.49
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.51
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 5 min ago	7.39 bp	75.2 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	236.90	+0.103%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.86	+0.085%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDTlong	0.0000%	8h	236.66	long leg	$262K	$72K	25x
OKX CRM-USDT-SWAP	0.0000%	8h	236.64	−0.008%	$456K	$135K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	236.91	+0.106%	$221K	$28K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.60	−0.025%	$443K	$31K	20x	as long as short
Variational Omni CRMshort	0.0000%	8h	236.81	+0.065%	$50K	$44K	—
GRVT CRM_USDT_Perp	0.0000%	8h	236.87	+0.089%	$595	$116K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	236.85	+0.080%	$606	$270K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	236.98	+0.135%	$10K	$28K	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	+0.0022%	1h	236.87	+0.089%	$1.1M	$4.8M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.625%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.58	−0.034%	$98K	$491K	20x	as long as short
edgeX CRMUSDC	+0.0359%	4h	236.80	+0.057%	$96K	$230K	10x	as long as short