Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0565%/8h= +61.9% APRpaid last 24h −0.119%

Price spread now: Gate against edgeX+0.030%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1251.245% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.030%, 7d avg −0.038%

Together, before fees+0.093%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Gate is 0.068% dearer against edgeX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.038%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CRMUSDC	239.53	−0.0565	get 0.0282% / 4h	1h 29m	$97K	$230K	10x
Short	Gate CRM_USDT	239.60	0	get 0.0000% / 8h	5h 29m	$216K	$29K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.030%Rate

Funding earned: $118.62
Price spread: +0.030% → −0.038%: $6.78
Slippage, 4 orders: −$100.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $0.9
Costs to cover: 1.245%
Break-even: 6.9 days

Slippage from edgeX: live order book, 16 min ago; Gate: live order book, 10 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, 16 min ago	7.31 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 10 min ago	13.59 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit

CRM on 14 exchanges

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 CRMUSDClong	−0.0565%	4h	239.53	long leg	$97K	$230K	10x
Aster CRMUSDT	0.0000%	8h	239.46	−0.027%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	239.43	−0.041%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	239.50	−0.012%	$264K	$64K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	239.48	−0.020%	$469K	$173K	10x	as long as short
Gate CRM_USDTshort	0.0000%	8h	239.60	+0.030%	$216K	$29K	20x
Bitget CRMUSDT	0.0000%	8h	239.50	−0.012%	$466K	$35K	20x	as long as short
Variational Omni CRM	0.0000%	8h	239.54	+0.006%	$75K	$71K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	239.46	−0.028%	$594	$110K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	239.60	+0.030%	$992	$254K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRM-USDT	0.0000%	8h	239.62	+0.038%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.580%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0040%	1h	239.56	+0.013%	$1.1M	$3.7M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	239.26	−0.112%	$93K	$609K	20x	as long as short