Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.008%

Price spread now: GRVT against Injective+0.201%7-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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.201% dearer against Injective than usual: you sell high and buy low (spread +0.201% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days.

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	22m 42s	$12K	$10K	12x
Short	GRVT CRM_USDT_Perp	238.62	0	get 0.0000% / 8h	22m 42s	$515	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.201%Rate

Funding earned: −$7
Price spread: +0.201% → 0.000%: $20.06
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $4.04
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; GRVT: live order book, 14 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 GRVT live order book, 14 min ago	5.03 bp	21.8 bp −$22	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 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	+0.146%	$96K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	238.47	+0.138%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.65	+0.214%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	238.39	+0.105%	$263K	$75K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	238.57	+0.181%	$465K	$145K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	238.56	+0.176%	$216K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	238.22	+0.034%	$445K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.51	+0.156%	$52K	$44K	—	as long as short
GRVT CRM_USDT_Perpshort	0.0000%	8h	238.62	+0.201%	$515	$115K	10x
SunX CRM-USDT	0.0000%	8h	238.52	+0.160%	$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	+0.202%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERPlong	+0.0033%	1h	238.14	long leg	$12K	$10K	12x
QFEX CRM-USD	+0.0041%	1h	238.52	+0.160%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	238.35	+0.088%	$97K	$429K	20x	as long as short