Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0341%/8h= +37.4% APRpaid last 24h +0.087%

Price spread now: KuCoin against edgeX−0.118%7-day average +0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$553as in the Funding arb table

Net, price: spread back to 7d avg − costs−$584as in the Price arb table

costs, in and out, $10k−$5605.603% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.612%+$61 · spread now −0.118%, 7d avg +0.121%

Together, before fees+0.683%+ Points / potential airdropedgeX: Active · farm board+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.238% cheaper against edgeX than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.121%). If the spread goes back, that is −$24 on $10k: about 2.3 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.071% in total) that is about 23 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CRMUSDC	238.44	−0.0241	get 0.0121% / 4h	49m 05s	$96K	$230K	10x
Short	KuCoin CRMUSDTM	238.16	0.0100	get 0.0100% / 8h	49m 05s	$98K	$417K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.118%Rate

Funding earned: $71.63
Price spread: −0.118% → +0.121%: −$23.82
Slippage, 4 orders: −$539.3
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$512.49
Costs to cover: 5.603%
Break-even: 57.1 days

Slippage from edgeX: live order book, 53 min ago; KuCoin: live order book, 54 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, 53 min ago	14.86 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 54 min ago	8.81 bp	235.2 bp −$235	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
edgeX CRMUSDClong	−0.0241%	4h	238.44	long leg	$96K	$230K	10x
Aster CRMUSDT	0.0000%	8h	238.31	−0.055%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.45	+0.004%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	238.17	−0.113%	$263K	$74K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	238.25	−0.080%	$459K	$135K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	238.55	+0.046%	$216K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	238.14	−0.126%	$445K	$31K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.44	0.000%	$52K	$46K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	238.43	−0.006%	$1K	$116K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	238.50	+0.025%	$747	$262K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRM-USDT	0.0000%	8h	238.59	+0.063%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.126%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0041%	1h	238.41	−0.013%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTMshort	+0.0100%	8h	238.16	−0.118%	$98K	$417K	20x