Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against OKX−0.539%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.539% cheaper against OKX than usual: you would sell low and buy high (spread −0.539% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$54 on $10k: about 54 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRM-USDT-SWAP	239.43	0	get 0.0000% / 8h	5h 54m	$474K	$157K	10x
Short	Injective CRM/USDC PERP	238.14	0.0033	get 0.0004% / 1h	54m 51s	$12K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.539%Rate

Funding earned: $7
Price spread: −0.539% → 0.000%: −$53.88
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$56.9
Costs to cover: 0.100%
Break-even: 63.9 days

Slippage unknown: OKX: live order book, 54 min ago; Injective: no order-book sample. Net counts fees only.

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, 54 min ago	3.34 bp	379.0 bp −$379	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CRM on 14 exchanges

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	239.53	+0.042%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	239.54	+0.046%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	239.37	−0.025%	$264K	$63K	25x	as long as short
OKX CRM-USDT-SWAPlong	0.0000%	8h	239.43	long leg	$474K	$157K	10x
Gate CRM_USDT	0.0000%	8h	239.57	+0.058%	$216K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	239.27	−0.067%	$446K	$34K	20x	as long as short
Variational Omni CRM	0.0000%	8h	239.47	+0.018%	$52K	$47K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	239.67	+0.100%	$724	$108K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	239.52	+0.038%	$1K	$246K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	239.49	+0.025%	$10K	$31K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective CRM/USDC PERPshort	+0.0033%	1h	238.14	−0.539%	$12K	$10K	12x
QFEX CRM-USD	+0.0040%	1h	239.48	+0.021%	$1.1M	$3.7M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	239.40	−0.013%	$96K	$583K	20x	as long as short
edgeX CRMUSDC	+0.0736%	4h	239.69	+0.107%	$97K	$228K	10x	as long as short