Funding arb · Price arb /

CRM

RWAall CRM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.009%

Price spread now: Variational Omni against Injective−0.324%91s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Variational Omni

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.324% cheaper against Injective than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 91 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	37m 46s	$12K	$24K	12x
Short	Variational Omni CRM	237.37	0	get 0.0000% / 8h	7h 37m	$46K	$40K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.324%Rate

Funding earned: −$7
Price spread: −0.324% → 0.000%: −$32.41
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$39.43
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Injective and Variational Omni: 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
Aster CRMUSDT	0.0000%	8h	237.29	−0.355%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	237.29	−0.357%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	237.24	−0.378%	$261K	$90K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	237.29	−0.357%	$458K	$138K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	237.46	−0.286%	$224K	$22K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	237.26	−0.370%	$445K	$55K	20x	as long as short
Variational Omni CRMshort	0.0000%	8h	237.37	−0.324%	$46K	$40K	—
SunX CRM-USDT	0.0000%	8h	237.36	−0.328%	$733	$298K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	237.43	−0.298%	$10K	$26K	20x	as long as short
Injective CRM/USDC PERPlong	+0.0033%	1h	238.14	long leg	$12K	$24K	12x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRM-USD	+0.0042%	1h	237.37	−0.323%	$1.5M	$12.2M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	237.21	−0.391%	$103K	$615K	20x	as long as short
edgeX CRMUSDC	+0.0318%	4h	237.37	−0.321%	$96K	$230K	10x	as long as short
GRVT CRM_USDT_Perp	+0.0325%	8h	237.55	−0.248%	$793	$116K	10x	as long as short