Funding arb · Price arb /

CRM

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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 −0.001%

Price spread now: Bitget against GRVT−0.065%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1171.167% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.065%, 7d avg −0.097%

Together, before fees+0.220%+ Points / potential airdropGRVT: Active · farm board+$22 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: Bitget is 0.032% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRM_USDT_Perp	236.82	0	get 0.0000% / 8h	4h 24m	$485	$116K	10x
Short	Bitget CRMUSDT	236.67	0	get 0.0000% / 8h	4h 24m	$443K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.097%: $3.24
Slippage, 4 orders: −$95.67
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$113.43
Costs to cover: 1.167%
Break-even: never at this rate

Slippage from GRVT: live order book, 32 min ago; Bitget: live order book, 26 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 GRVT live order book, 32 min ago	1.90 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 26 min ago	8.66 bp	35.1 bp −$35	43.6 bp −$436	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	−0.0704%	4h	236.83	+0.003%	$96K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	236.81	−0.005%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.87	+0.018%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	236.68	−0.060%	$262K	$72K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	236.64	−0.077%	$456K	$138K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	236.94	+0.049%	$221K	$29K	20x	as long as short
Bitget CRMUSDTshort	0.0000%	8h	236.67	−0.065%	$443K	$31K	20x
Variational Omni CRM	0.0000%	8h	236.84	+0.006%	$49K	$44K	—	as long as short
GRVT CRM_USDT_Perplong	0.0000%	8h	236.82	long leg	$485	$116K	10x
SunX CRM-USDT	0.0000%	8h	236.87	+0.020%	$900	$270K	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	236.95	+0.054%	$10K	$27K	20x	as long as short
QFEX CRM-USD	+0.0003%	1h	236.85	+0.011%	$1.1M	$6.1M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.556%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.69	−0.056%	$98K	$524K	20x	as long as short