Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h −0.061%

Price spread now: Variational Omni against edgeX+0.008%104s7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CRMUSDC	236.80	0.0359	pay 0.0179% / 4h	3h 29m	$96K	$230K	10x
Short	Variational Omni CRM	236.81	0	get 0.0000% / 8h	3h 29m	$50K	$44K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.008%Rate

Funding earned: −$75.29
Price spread: +0.008% → 0.000%: $0.76
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$83.53
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 22 min ago; Variational Omni: 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, 22 min ago	8.24 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 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	236.89	+0.040%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.86	+0.027%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	236.67	−0.053%	$262K	$72K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	236.64	−0.066%	$456K	$135K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	236.92	+0.053%	$221K	$28K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.64	−0.066%	$443K	$31K	20x	as long as short
Variational Omni CRMshort	0.0000%	8h	236.81	+0.008%	$50K	$44K	—
GRVT CRM_USDT_Perp	0.0000%	8h	236.87	+0.031%	$595	$116K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	236.85	+0.023%	$606	$270K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	236.98	+0.078%	$10K	$28K	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	+0.0022%	1h	236.87	+0.031%	$1.1M	$4.8M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.568%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.58	−0.091%	$97K	$491K	20x	as long as short
edgeX CRMUSDClong	+0.0359%	4h	236.80	long leg	$96K	$230K	10x