Funding arb · Price arb /

CRM

RWAall CRM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h +0.091%

Price spread now: Binance against edgeX+0.124%100s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as 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−$720.719% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 2 days (all we have)−0.101%−$10 · spread now +0.124%, 7d avg +0.022%

Together, before fees−0.075%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.102% dearer against edgeX than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of +0.022%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.6 days. The two prices were read 100 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	edgeX CRMUSDC	237.11	0.0130	pay 0.0065% / 4h	2h 03m	$96K	$230K	10x
Short	Binance CRMUSDT	237.40	0	get 0.0000% / 8h	6h 03m	$1.8M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.124%Rate

Funding earned: −$27.25
Price spread: +0.124% → +0.022%: $10.22
Slippage, 4 orders: −$52.87
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$88.89
Costs to cover: 0.719%
Break-even: never at this rate

Slippage from edgeX: live order book, 63 min ago; Binance: live order book, 15 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 edgeX live order book, 63 min ago	9.07 bp	19.3 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	2.74 bp	18.0 bp −$18	60.7 bp −$607	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	237.16	+0.023%	$11K	$2K	20x	as long as short
Binance CRMUSDTshort	0.0000%	8h	237.40	+0.124%	$1.8M	$1.4M	20x
Bybit CRMUSDT	0.0000%	8h	236.99	−0.049%	$262K	$71K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	236.65	−0.192%	$457K	$137K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	237.22	+0.048%	$221K	$28K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	237.03	−0.032%	$444K	$32K	20x	as long as short
Variational Omni CRM	0.0000%	8h	237.11	+0.001%	$47K	$42K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	237.04	−0.028%	$282	$116K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	237.15	+0.019%	$866	$265K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	237.41	+0.128%	$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	237.18	+0.031%	$1.4M	$9.6M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.436%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	237.14	+0.014%	$103K	$577K	20x	as long as short
edgeX CRMUSDClong	+0.0130%	4h	237.11	long leg	$96K	$230K	10x