Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0228%/8h= −24.9% APRpaid last 24h −0.061%

Price spread now: OKX against edgeX−0.042%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$950.952% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.042%, 7d avg −0.053%

Together, before fees+0.059%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.5% 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	238.21	0.0228	pay 0.0114% / 4h	1h 49m	$96K	$229K	10x
Short	OKX CRM-USDT-SWAP	238.11	0	get 0.0000% / 8h	1h 49m	$459K	$137K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$47.82
Price spread: −0.042% → −0.053%: $1.1
Slippage, 4 orders: −$76.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$141.91
Costs to cover: 0.952%
Break-even: never at this rate

Slippage from edgeX: live order book, 58 min ago; OKX: live order book, 56 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, 58 min ago	8.01 bp	17.5 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 56 min ago	11.17 bp	33.1 bp −$33	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
Aster CRMUSDT	0.0000%	8h	238.43	+0.092%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.47	+0.109%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	238.35	+0.059%	$262K	$74K	25x	as long as short
OKX CRM-USDT-SWAPshort	0.0000%	8h	238.11	−0.042%	$459K	$137K	10x
Gate CRM_USDT	0.0000%	8h	238.35	+0.059%	$216K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	238.01	−0.084%	$445K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.28	+0.028%	$50K	$45K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	238.23	+0.009%	$479	$118K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	238.43	+0.092%	$1K	$265K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	238.60	+0.164%	$10K	$30K	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	+0.0016%	1h	238.45	+0.101%	$1.1M	$3.9M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.029%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	238.35	+0.059%	$99K	$412K	20x	as long as short
edgeX CRMUSDClong	+0.0228%	4h	238.21	long leg	$96K	$229K	10x