CRM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.148%

Price spread now: Bybit against KuCoin+0.008%7-day average −0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,577as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,550as in the Price arb table

costs, in and out, $10k−$1,56515.649% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.008%, 7d avg −0.145%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.153% dearer against KuCoin than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.145%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRMUSDTM	236.67	0.0100	pay 0.0100% / 8h	4h 14m	$98K	$515K	20x
Short	Bybit CRMUSDT	236.69	0	get 0.0000% / 8h	4h 14m	$262K	$72K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$21
Price spread: +0.008% → −0.145%: $15.32
Slippage, 4 orders: −$1,541.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,570.57
Costs to cover: 15.649%
Break-even: never at this rate

Slippage from KuCoin: live order book, 68 min ago; Bybit: live order book, 26 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	4.01 bp	354.2 bp −$354	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 26 min ago	4.02 bp	44.3 bp −$44	doesn't fit	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	−0.0441%	4h	236.86	+0.081%	$96K	$230K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	236.80	+0.056%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.78	+0.046%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDTshort	0.0000%	8h	236.69	+0.008%	$262K	$72K	25x
OKX CRM-USDT-SWAP	0.0000%	8h	236.64	−0.013%	$456K	$138K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	236.92	+0.106%	$221K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.69	+0.008%	$443K	$31K	20x	as long as short
Variational Omni CRM	0.0000%	8h	236.87	+0.086%	$49K	$44K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	236.88	+0.089%	$663	$117K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	236.91	+0.101%	$997	$270K	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	237.00	+0.139%	$10K	$27K	20x	as long as short
QFEX CRM-USD	+0.0003%	1h	236.88	+0.089%	$1.1M	$5.8M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.621%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTMlong	+0.0100%	8h	236.67	long leg	$98K	$515K	20x