Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0793%/8h= +86.9% APRpaid last 24h −0.119%

Price spread now: SunX against edgeX+0.019%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1661.660% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.019%, 7d avg +0.023%

Together, before fees−0.035%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.099%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% 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	239.40	−0.0793	get 0.0397% / 4h	1h 51m	$97K	$229K	10x
Short	SunX CRM-USDT	239.45	0	get 0.0000% / 8h	5h 51m	$1K	$247K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $166.62
Price spread: +0.019% → +0.023%: −$0.31
Slippage, 4 orders: −$149.05
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: $0.27
Costs to cover: 1.660%
Break-even: 7.0 days

Slippage from edgeX: live order book, 58 min ago; SunX: live order book, 52 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	6.46 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 52 min ago	47.92 bp	67.1 bp −$67	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	−0.0793%	4h	239.40	long leg	$97K	$229K	10x
Aster CRMUSDT	0.0000%	8h	239.54	+0.057%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	239.51	+0.044%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	239.40	−0.001%	$264K	$63K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	239.34	−0.026%	$469K	$162K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	239.55	+0.061%	$216K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	239.30	−0.043%	$446K	$35K	20x	as long as short
Variational Omni CRM	0.0000%	8h	239.47	+0.029%	$52K	$47K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	239.55	+0.061%	$343	$108K	10x	as long as short
SunX CRM-USDTshort	0.0000%	8h	239.45	+0.019%	$1K	$247K	10x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRM-USDT	0.0000%	8h	239.51	+0.045%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.528%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0040%	1h	239.36	−0.018%	$1.1M	$3.7M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	239.43	+0.011%	$95K	$586K	20x	as long as short