Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0825%/8h= +90.4% APRpaid last 24h −0.050%

Price spread now: QFEX against edgeX+0.019%57s7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.563% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.132%−$13 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now +0.019%, 7d avg +0.035%

Together, before fees−0.007%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.132%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.132% in total (about -13.2% 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	237.50	−0.0819	get 0.0409% / 4h	2h 29m	$96K	$230K	10x
Short	QFEX CRM-USD	237.55	0.0007	get 0.0001% / 1h	29m 41s	$1.1M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $173.29
Price spread: +0.019% → +0.035%: −$1.55
Slippage, 4 orders: −$37.34
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: $115.4
Costs to cover: 0.563%
Break-even: 2.3 days

Slippage from edgeX: live order book, 17 min ago; QFEX: live order book, 9 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, 17 min ago	8.01 bp	17.5 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 9 min ago	2.32 bp	10.4 bp −$10	18.2 bp −$182	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	−0.0819%	4h	237.50	long leg	$96K	$230K	10x
Aster CRMUSDT	0.0000%	8h	237.57	+0.027%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	237.60	+0.040%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	237.51	+0.002%	$262K	$73K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	237.62	+0.049%	$459K	$137K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	237.39	−0.048%	$221K	$28K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	237.06	−0.187%	$444K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	237.53	+0.012%	$50K	$44K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	237.43	−0.029%	$394	$117K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	237.62	+0.049%	$549	$268K	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	237.69	+0.078%	$10K	$29K	20x	as long as short
QFEX CRM-USDshort	+0.0007%	1h	237.55	+0.019%	$1.1M	$4.1M	10x
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.268%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	237.50	−0.002%	$98K	$449K	20x	as long as short