Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.009%

Price spread now: Injective against Gate−0.176%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Injective

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—needs both histories

Funding pays, the price is against you. Injective is 0.176% cheaper against Gate than usual: you would sell low and buy high (spread −0.176% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 18 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRM_USDT	238.56	0	get 0.0000% / 8h	23m 11s	$216K	$29K	20x
Short	Injective CRM/USDC PERP	238.14	0.0033	get 0.0004% / 1h	23m 11s	$12K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.176%Rate

Funding earned: $7
Price spread: −0.176% → 0.000%: −$17.61
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$25.63
Costs to cover: 0.150%
Break-even: 32.6 days

Slippage unknown: Gate: live order book, 8 min ago; Injective: 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 Gate live order book, 8 min ago	16.99 bp	87.5 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
edgeX CRMUSDC	−0.0533%	4h	238.49	−0.030%	$96K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	238.46	−0.043%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.67	+0.046%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	238.39	−0.071%	$263K	$75K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	238.57	+0.004%	$465K	$145K	10x	as long as short
Gate CRM_USDTlong	0.0000%	8h	238.56	long leg	$216K	$29K	20x
Bitget CRMUSDT	0.0000%	8h	238.21	−0.147%	$445K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.51	−0.021%	$52K	$44K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	238.62	+0.024%	$515	$115K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	238.52	−0.017%	$1K	$258K	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	238.62	+0.025%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERPshort	+0.0033%	1h	238.14	−0.176%	$12K	$10K	12x
QFEX CRM-USD	+0.0041%	1h	238.52	−0.017%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	238.32	−0.101%	$97K	$429K	20x	as long as short