Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0161%/8h= −17.6% APRpaid last 24h −0.109%

Price spread now: Injective against edgeX−0.709%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Injective

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 airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 0.709% cheaper against edgeX than usual: you would sell low and buy high (−$71 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CRMUSDC	239.84	0.0194	pay 0.0097% / 4h	48m 23s	$97K	$229K	10x
Short	Injective CRM/USDC PERP	238.14	0.0033	get 0.0004% / 1h	48m 23s	$12K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.709%Rate

Funding earned: −$33.71
Price spread: −0.709% → 0.000%: −$70.89
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$113.62
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 57 min ago; Injective: 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 edgeX live order book, 57 min ago	7.31 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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
Aster CRMUSDT	0.0000%	8h	239.73	−0.046%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	239.87	+0.012%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	239.65	−0.079%	$264K	$59K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	239.58	−0.109%	$471K	$175K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	239.97	+0.054%	$213K	$25K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	239.57	−0.113%	$471K	$50K	20x	as long as short
Variational Omni CRM	0.0000%	8h	239.83	−0.004%	$75K	$71K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	239.91	+0.029%	$665	$110K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	239.87	+0.012%	$763	$254K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	240.00	+0.067%	$10K	$32K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRM-USD	+0.0020%	1h	239.86	+0.008%	$1.1M	$3.7M	10x	as long as short
Injective CRM/USDC PERPshort	+0.0033%	1h	238.14	−0.709%	$12K	$10K	12x
KuCoin CRMUSDTM	+0.0100%	8h	239.68	−0.067%	$93K	$635K	20x	as long as short
edgeX CRMUSDClong	+0.0194%	4h	239.84	long leg	$97K	$229K	10x