Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.010%

Price spread now: QFEX against Gate−0.164%55s7-day average +0.056% · you buy dearer than you sell

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

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.164%, 7d avg +0.056%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.220% cheaper against Gate than usual: you would sell low and buy high (spread −0.164% now, against its 7-day average of +0.056%). If the spread goes back, that is −$22 on $10k: about 9.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour. The two prices were read 55 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	Gate CRM_USDT	237.10	0	get 0.0000% / 8h	2h 09m	$224K	$21K	20x
Short	QFEX CRM-USD	236.71	0.0080	get 0.0010% / 1h	9m 41s	$1.5M	$11.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.164%Rate

Funding earned: $16.8
Price spread: −0.164% → +0.056%: −$22.04
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$30.24
Costs to cover: 0.250%
Break-even: 19.6 days

Slippage unknown: Gate: live order book, 7 min ago; QFEX: live order book, 4 min ago. 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, 7 min ago	15.40 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.11 bp	12.2 bp −$12	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	−0.0941%	4h	237.04	−0.027%	$96K	$232K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	237.04	−0.026%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	237.06	−0.016%	$1.8M	$1.6M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	236.69	−0.173%	$261K	$98K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	236.55	−0.232%	$456K	$144K	10x	as long as short
Gate CRM_USDTlong	0.0000%	8h	237.10	long leg	$224K	$21K	20x
Bitget CRMUSDT	0.0000%	8h	236.71	−0.164%	$444K	$70K	20x	as long as short
Variational Omni CRM	0.0000%	8h	237.03	−0.031%	$24K	$19K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	236.99	−0.048%	$446	$120K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	237.07	−0.013%	$1K	$335K	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	237.13	+0.013%	$10K	$25K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.439%	$12K	$24K	12x	as long as short
QFEX CRM-USDshort	+0.0080%	1h	236.71	−0.164%	$1.5M	$11.5M	10x
KuCoin CRMUSDTM	+0.0100%	8h	236.83	−0.114%	$103K	$725K	20x	as long as short