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 0.000%

Price spread now: OKX against GRVT−0.012%51s7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2232.227% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.431%+$43 · spread now −0.012%, 7d avg −0.052%

Together, before fees+0.434%+ Points / potential airdropGRVT: Active · farm board+$43 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 0.040% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.052%. The two prices were read 51 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	GRVT CRM_USDT_Perp	237.05	0	get 0.0000% / 8h	6h 40m	$586	$115K	10x
Short	OKX CRM-USDT-SWAP	237.02	0	get 0.0000% / 8h	6h 40m	$458K	$135K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → −0.052%: $4.01
Slippage, 4 orders: −$203.67
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$218.66
Costs to cover: 2.227%
Break-even: never at this rate

Slippage from GRVT: live order book, 26 min ago; OKX: live order book, 25 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, 26 min ago	5.06 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 25 min ago	6.33 bp	60.5 bp −$61	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
Aster CRMUSDT	0.0000%	8h	236.94	−0.045%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.96	−0.039%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	236.95	−0.041%	$262K	$71K	25x	as long as short
OKX CRM-USDT-SWAPshort	0.0000%	8h	237.02	−0.012%	$458K	$135K	10x
Gate CRM_USDT	0.0000%	8h	237.01	−0.016%	$221K	$22K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.79	−0.109%	$444K	$34K	20x	as long as short
Variational Omni CRM	0.0000%	8h	236.90	−0.061%	$46K	$41K	—	as long as short
GRVT CRM_USDT_Perplong	0.0000%	8h	237.05	long leg	$586	$115K	10x
SunX CRM-USDT	0.0000%	8h	236.97	−0.033%	$626	$267K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	237.04	−0.003%	$10K	$26K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRM-USD	+0.0025%	1h	237.10	+0.022%	$1.5M	$11.6M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.461%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.78	−0.113%	$103K	$597K	20x	as long as short
edgeX CRMUSDC	+0.0808%	4h	236.92	−0.054%	$96K	$229K	10x	as long as short