CRM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0976%/8h= +106.9% APRnext payment +$9.76 per $10,000 · paid last 24h +0.001%

Price spread now: GRVT against OKX−0.050%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$1981.977% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.202%−$20 · spread now −0.050%, 7d avg +0.055%

Together, before fees−0.205%+ Points / potential airdropGRVT: Active · farm board−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.104% cheaper against OKX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.055%). If the spread goes back, that is −$10 on $10k: about 9 hours of funding at the current rate (+$29 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.76 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRM-USDT-SWAP	240.16	0	get 0.0000% / 8h	7h 27m	$471K	$151K	10x
Short	GRVT CRM_USDT_Perp	240.04	0.0976	get 0.0976% / 8h	7h 27m	$302	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.050%Rate

Funding earned: $204.96
Price spread: −0.050% → +0.055%: −$10.45
Slippage, 4 orders: −$178.73
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$3.22
Costs to cover: 1.977%
Break-even: 7.1 days

Slippage from OKX: live order book, 3 min ago; GRVT: live order book, 5 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, 3 min ago	3.33 bp	104.7 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	0.21 bp	16.6 bp −$17	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	−0.0676%	4h	240.23	+0.028%	$97K	$230K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	240.56	+0.165%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	240.44	+0.118%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	240.53	+0.154%	$265K	$75K	25x	as long as short
OKX CRM-USDT-SWAPlong	0.0000%	8h	240.16	long leg	$471K	$151K	10x
Gate CRM_USDT	0.0000%	8h	240.50	+0.142%	$217K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	240.25	+0.037%	$449K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	240.22	+0.023%	$54K	$47K	—	as long as short
SunX CRM-USDT	0.0000%	8h	240.33	+0.071%	$1K	$252K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	240.40	+0.100%	$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	−0.841%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0071%	1h	240.19	+0.012%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	240.37	+0.087%	$99K	$488K	20x	as long as short
GRVT CRM_USDT_Perpshort	+0.0976%	8h	240.04	−0.050%	$302	$109K	10x