Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.012%

Price spread now: QFEX against HTX−0.076%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and QFEX is 0.076% cheaper against HTX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CRM-USDT	237.20	0	get 0.0000% / 8h	26m 05s	$10K	$25K	20x
Short	QFEX CRM-USD	237.02	−0.0013	pay 0.0002% / 1h	26m 05s	$1.5M	$12.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$2.7
Price spread: −0.076% → 0.000%: −$7.59
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$32.29
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 8 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 8 min ago	1.90 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
QFEX CRM-USDshort	−0.0013%	1h	237.02	−0.076%	$1.5M	$12.1M	10x
Aster CRMUSDT	0.0000%	8h	237.63	+0.182%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	237.13	−0.030%	$1.8M	$1.6M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	236.89	−0.131%	$261K	$98K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	236.94	−0.110%	$457K	$140K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	236.92	−0.118%	$223K	$21K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	237.01	−0.080%	$445K	$81K	20x	as long as short
Variational Omni CRM	0.0000%	8h	237.05	−0.064%	$46K	$40K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	237.06	−0.059%	$849	$115K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	237.03	−0.072%	$984	$327K	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-USDTlong	0.0000%	8h	237.20	long leg	$10K	$25K	20x
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.396%	$12K	$24K	12x	as long as short
edgeX CRMUSDC	+0.0064%	4h	237.01	−0.082%	$96K	$230K	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	237.02	−0.076%	$103K	$658K	20x	as long as short