Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: GRVT against Gate+0.007%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1881.876% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 4 days (all we have)−0.250%−$25 · spread now +0.007%, 7d avg +0.046%

Together, before fees−0.354%+ Points / potential airdropGRVT: Active · farm board−$35 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.039% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRM_USDT	239.93	0	get 0.0000% / 8h	6h 21m	$216K	$30K	20x
Short	GRVT CRM_USDT_Perp	239.95	0	get 0.0000% / 8h	6h 21m	$353	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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 GatebpFee GRVTbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → +0.046%: −$3.9
Slippage, 4 orders: −$163.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$191.48
Costs to cover: 1.876%
Break-even: never at this rate

Slippage from Gate: live order book, 26 min ago; GRVT: live order book, 28 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 Gate live order book, 26 min ago	12.51 bp	126.6 bp −$127	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 28 min ago	3.33 bp	13.1 bp −$13	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 CRMUSDC	−0.0299%	4h	239.90	−0.011%	$97K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	240.00	+0.031%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	239.94	+0.004%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	239.81	−0.050%	$264K	$64K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	239.58	−0.146%	$474K	$157K	10x	as long as short
Gate CRM_USDTlong	0.0000%	8h	239.93	long leg	$216K	$30K	20x
Bitget CRMUSDT	0.0000%	8h	239.59	−0.142%	$448K	$29K	20x	as long as short
Variational Omni CRM	0.0000%	8h	239.94	+0.002%	$52K	$47K	—	as long as short
GRVT CRM_USDT_Perpshort	0.0000%	8h	239.95	+0.007%	$353	$108K	10x
SunX CRM-USDT	0.0000%	8h	239.95	+0.008%	$717	$257K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRM-USDT	0.0000%	8h	240.12	+0.079%	$10K	$31K	20x	as long as short
QFEX CRM-USD	+0.0029%	1h	239.88	−0.021%	$1.1M	$3.8M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.746%	$12K	$10K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	239.71	−0.092%	$97K	$557K	20x	as long as short