Funding arb · Price arb /

CRM

RWAall CRM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate−0.096%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$371as in the Funding arb table

Net, price: spread back to 7d avg − costs−$369as in the Price arb table

costs, in and out, $10k−$3613.610% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.096%, 7d avg −0.019%

Together, before fees−0.131%−$13 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: OKX is 0.078% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRM_USDT	238.59	0	get 0.0000% / 8h	1h 04m	$216K	$29K	20x
Short	OKX CRM-USDT-SWAP	238.36	0	get 0.0000% / 8h	1h 04m	$459K	$135K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.019%: −$7.79
Slippage, 4 orders: −$336.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$368.81
Costs to cover: 3.610%
Break-even: never at this rate

Slippage from Gate: live order book, 32 min ago; OKX: live order book, 36 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, 32 min ago	12.78 bp	124.3 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 36 min ago	6.29 bp	56.9 bp −$57	doesn't fit	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 CRMUSDC	−0.0004%	4h	238.52	−0.029%	$96K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	238.20	−0.163%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.32	−0.113%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	238.31	−0.117%	$263K	$74K	25x	as long as short
OKX CRM-USDT-SWAPshort	0.0000%	8h	238.36	−0.096%	$459K	$135K	10x
Gate CRM_USDTlong	0.0000%	8h	238.59	long leg	$216K	$29K	20x
Bitget CRMUSDT	0.0000%	8h	238.20	−0.163%	$445K	$31K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.53	−0.025%	$51K	$45K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	238.54	−0.022%	$677	$117K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	238.56	−0.013%	$926	$264K	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	238.70	+0.046%	$10K	$31K	20x	as long as short
QFEX CRM-USD	+0.0016%	1h	238.41	−0.075%	$1.1M	$3.9M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.189%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	238.21	−0.159%	$98K	$419K	20x	as long as short