CRM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.120%

Price spread now: Bitget against KuCoin+0.037%7-day average −0.205% · you sell dearer than you buy

Net, funding: paid 7d − costs−$489as in the Funding arb table

Net, price: spread back to 7d avg − costs−$451as in the Price arb table

costs, in and out, $10k−$4754.750% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.037%, 7d avg −0.205%

Together, before fees−0.279%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.242% dearer against KuCoin than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.205%): +$24 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRMUSDTM	240.41	0.0100	pay 0.0100% / 8h	7h 25m	$99K	$489K	20x
Short	Bitget CRMUSDT	240.50	0	get 0.0000% / 8h	7h 25m	$449K	$30K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$21
Price spread: +0.037% → −0.205%: $24.21
Slippage, 4 orders: −$450.97
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$471.75
Costs to cover: 4.750%
Break-even: never at this rate

Slippage from KuCoin: live order book, 68 min ago; Bitget: live order book, 65 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 KuCoin live order book, 68 min ago	12.34 bp	148.3 bp −$148	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 65 min ago	14.70 bp	22.2 bp −$22	31.2 bp −$312	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
edgeX CRMUSDC	−0.0327%	4h	240.44	+0.013%	$97K	$228K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	242.50	+0.870%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	240.59	+0.074%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	240.54	+0.054%	$265K	$75K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	240.40	−0.004%	$471K	$151K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	240.59	+0.075%	$217K	$29K	20x	as long as short
Bitget CRMUSDTshort	0.0000%	8h	240.50	+0.037%	$449K	$30K	20x
Variational Omni CRM	0.0000%	8h	240.49	+0.035%	$55K	$45K	—	as long as short
SunX CRM-USDT	0.0000%	8h	240.33	−0.033%	$1K	$252K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	240.40	−0.004%	$10K	$31K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.944%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0071%	1h	240.55	+0.058%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTMlong	+0.0100%	8h	240.41	long leg	$99K	$489K	20x
GRVT CRM_USDT_Perp	+0.0723%	8h	240.46	+0.021%	$664	$108K	10x	as long as short