Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: Gate against Injective+0.806%69s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Gate is 0.806% dearer against Injective than usual: you sell high and buy low (spread +0.806% now, against zero (this spread has no 7-day history yet)): +$81 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 69 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	Injective CRM/USDC PERP	238.14	0.0033	pay 0.0004% / 1h	52m 11s	$12K	$10K	12x
Short	Gate CRM_USDT	240.06	0	get 0.0000% / 8h	4h 52m	$213K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now +0.806%Rate

Funding earned: −$7
Price spread: +0.806% → 0.000%: $80.62
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $58.6
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 48 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 48 min ago	13.59 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit

Injective: 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 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	+0.651%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	239.88	+0.731%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	239.72	+0.663%	$264K	$59K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	239.58	+0.605%	$471K	$176K	10x	as long as short
Gate CRM_USDTshort	0.0000%	8h	240.06	+0.806%	$213K	$25K	20x
Bitget CRMUSDT	0.0000%	8h	239.71	+0.659%	$471K	$50K	20x	as long as short
Variational Omni CRM	0.0000%	8h	239.84	+0.712%	$75K	$71K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	239.93	+0.753%	$1K	$109K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	239.89	+0.735%	$763	$254K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	240.21	+0.869%	$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	239.73	+0.668%	$1.1M	$3.7M	10x	as long as short
Injective CRM/USDC PERPlong	+0.0033%	1h	238.14	long leg	$12K	$10K	12x
KuCoin CRMUSDTM	+0.0100%	8h	239.61	+0.617%	$93K	$633K	20x	as long as short
edgeX CRMUSDC	+0.0367%	4h	239.97	+0.770%	$97K	$229K	10x	as long as short