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: Gate against GRVT−0.024%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1571.570% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 4 days (all we have)+0.531%+$53 · spread now −0.024%, 7d avg −0.048%

Together, before fees+0.636%+ Points / potential airdropGRVT: Active · farm board+$64 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: Gate is 0.024% dearer against GRVT than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRM_USDT_Perp	238.62	0	get 0.0000% / 8h	23m 13s	$515	$115K	10x
Short	Gate CRM_USDT	238.56	0	get 0.0000% / 8h	23m 13s	$216K	$29K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.048%: $2.43
Slippage, 4 orders: −$133.01
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$154.58
Costs to cover: 1.570%
Break-even: never at this rate

Slippage from GRVT: live order book, 14 min ago; Gate: live order book, 8 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, 14 min ago	5.03 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 8 min ago	16.99 bp	30.9 bp −$31	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	−0.0533%	4h	238.49	−0.054%	$96K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	238.46	−0.067%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.67	+0.022%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	238.39	−0.095%	$263K	$75K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	238.57	−0.020%	$465K	$145K	10x	as long as short
Gate CRM_USDTshort	0.0000%	8h	238.56	−0.024%	$216K	$29K	20x
Bitget CRMUSDT	0.0000%	8h	238.21	−0.171%	$445K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.51	−0.045%	$52K	$44K	—	as long as short
GRVT CRM_USDT_Perplong	0.0000%	8h	238.62	long leg	$515	$115K	10x
SunX CRM-USDT	0.0000%	8h	238.52	−0.041%	$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	+0.001%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.200%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0041%	1h	238.52	−0.041%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	238.32	−0.125%	$97K	$429K	20x	as long as short