Funding arb · Price arb /

CRM

RWAall CRM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.139%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$2842.843% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.139%, 7d avg +0.031%

Together, before fees−0.142%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.109% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRM-USDT-SWAP	236.65	0	get 0.0000% / 8h	6h 00m	$457K	$137K	10x
Short	Bybit CRMUSDT	236.98	0	get 0.0000% / 8h	6h 00m	$263K	$71K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.031%: $10.89
Slippage, 4 orders: −$263.32
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$273.43
Costs to cover: 2.843%
Break-even: never at this rate

Slippage from OKX: live order book, 65 min ago; Bybit: live order book, 49 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 OKX live order book, 65 min ago	6.33 bp	122.0 bp −$122	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 49 min ago	14.99 bp	36.8 bp −$37	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
Aster CRMUSDT	0.0000%	8h	236.95	+0.128%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	237.23	+0.245%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDTshort	0.0000%	8h	236.98	+0.139%	$263K	$71K	25x
OKX CRM-USDT-SWAPlong	0.0000%	8h	236.65	long leg	$457K	$137K	10x
Gate CRM_USDT	0.0000%	8h	237.22	+0.241%	$221K	$28K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.94	+0.123%	$444K	$32K	20x	as long as short
Variational Omni CRM	0.0000%	8h	237.24	+0.251%	$49K	$44K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	237.22	+0.241%	$906	$117K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	237.35	+0.296%	$945	$265K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	237.43	+0.330%	$10K	$26K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRM-USD	+0.0025%	1h	237.20	+0.232%	$1.4M	$9.5M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.630%	$12K	$12K	12x	as long as short
edgeX CRMUSDC	+0.0091%	4h	237.32	+0.283%	$96K	$231K	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.88	+0.097%	$102K	$576K	20x	as long as short