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: Bybit against GRVT−0.101%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1331.333% of the position

Long on GRVT Short on Bybit

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)+0.204%+$20 · spread now −0.101%, 7d avg −0.020%

Together, before fees+0.205%+ Points / potential airdropGRVT: Active · farm board+$20 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: Bybit is 0.081% cheaper against GRVT than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRM_USDT_Perp	239.93	0	get 0.0000% / 8h	4h 51m	$1K	$109K	10x
Short	Bybit CRMUSDT	239.69	0	get 0.0000% / 8h	4h 51m	$264K	$59K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → −0.020%: −$8.13
Slippage, 4 orders: −$113.33
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$141.47
Costs to cover: 1.333%
Break-even: never at this rate

Slippage from GRVT: live order book, 52 min ago; Bybit: live order book, 46 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, 52 min ago	2.92 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 46 min ago	11.69 bp	42.7 bp −$43	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
Aster CRMUSDT	0.0000%	8h	239.69	−0.101%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	239.88	−0.020%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDTshort	0.0000%	8h	239.69	−0.101%	$264K	$59K	25x
OKX CRM-USDT-SWAP	0.0000%	8h	239.58	−0.147%	$471K	$176K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	240.07	+0.057%	$213K	$25K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	239.63	−0.126%	$471K	$50K	20x	as long as short
Variational Omni CRM	0.0000%	8h	239.84	−0.040%	$75K	$71K	—	as long as short
GRVT CRM_USDT_Perplong	0.0000%	8h	239.93	long leg	$1K	$109K	10x
SunX CRM-USDT	0.0000%	8h	239.89	−0.018%	$763	$254K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	240.21	+0.116%	$10K	$32K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRM-USD	+0.0020%	1h	239.88	−0.022%	$1.1M	$3.7M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.747%	$12K	$10K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	239.68	−0.105%	$94K	$633K	20x	as long as short
edgeX CRMUSDC	+0.0367%	4h	239.97	+0.017%	$97K	$229K	10x	as long as short