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: Gate against OKX−0.004%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$311as in the Funding arb table

Net, price: spread back to 7d avg − costs−$324as in the Price arb table

costs, in and out, $10k−$3213.215% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.004%, 7d avg +0.020%

Together, before fees+0.225%+$23 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: Gate is 0.024% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRM-USDT-SWAP	238.57	0	get 0.0000% / 8h	22m 41s	$465K	$145K	10x
Short	Gate CRM_USDT	238.56	0	get 0.0000% / 8h	22m 41s	$216K	$29K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.020%: −$2.38
Slippage, 4 orders: −$296.47
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$323.84
Costs to cover: 3.215%
Break-even: never at this rate

Slippage from OKX: live order book, 13 min ago; Gate: live order book, 8 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, 13 min ago	6.30 bp	120.1 bp −$120	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 8 min ago	16.99 bp	30.9 bp −$31	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	−0.0533%	4h	238.49	−0.034%	$96K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	238.47	−0.042%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.65	+0.034%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	238.39	−0.075%	$263K	$75K	25x	as long as short
OKX CRM-USDT-SWAPlong	0.0000%	8h	238.57	long leg	$465K	$145K	10x
Gate CRM_USDTshort	0.0000%	8h	238.56	−0.004%	$216K	$29K	20x
Bitget CRMUSDT	0.0000%	8h	238.22	−0.147%	$445K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.51	−0.025%	$52K	$44K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	238.62	+0.020%	$515	$115K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	238.52	−0.021%	$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	+0.021%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.180%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0041%	1h	238.52	−0.021%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	238.35	−0.092%	$97K	$429K	20x	as long as short