Funding arb · Price arb /

CRM

RWAall CRM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h +0.012%

Price spread now: QFEX against GRVT+0.001%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.435%+$44 · spread now +0.001%, 7d avg +0.050%

Together, before fees+0.451%+ Points / potential airdropGRVT: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.049% cheaper against GRVT than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.050%). If the spread goes back, that is −$5 on $10k: about 6.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRM_USDT_Perp	237.07	0	get 0.0000% / 8h	6h 45m	$313	$115K	10x
Short	QFEX CRM-USD	237.07	0.0025	get 0.0003% / 1h	45m 26s	$1.5M	$11.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.001%Rate

Funding earned: $5.29
Price spread: +0.001% → +0.050%: −$4.91
Slippage, 4 orders: −$45.79
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$64.41
Costs to cover: 0.648%
Break-even: 92.2 days

Slippage from GRVT: live order book, 22 min ago; QFEX: live order book, 4 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, 22 min ago	5.06 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	4.43 bp	14.4 bp −$14	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	237.03	−0.017%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.86	−0.086%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	236.95	−0.050%	$262K	$71K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	236.84	−0.096%	$457K	$133K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	237.04	−0.012%	$221K	$22K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.82	−0.104%	$444K	$34K	20x	as long as short
Variational Omni CRM	0.0000%	8h	236.91	−0.067%	$46K	$41K	—	as long as short
GRVT CRM_USDT_Perplong	0.0000%	8h	237.07	long leg	$313	$115K	10x
SunX CRM-USDT	0.0000%	8h	236.95	−0.050%	$607	$282K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	237.04	−0.012%	$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-USDshort	+0.0025%	1h	237.07	+0.001%	$1.5M	$11.9M	10x
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.452%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.81	−0.109%	$103K	$600K	20x	as long as short
edgeX CRMUSDC	+0.0865%	4h	236.91	−0.066%	$96K	$231K	10x	as long as short