Funding arb · Price arb /

CRM

RWAall CRM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h +0.010%

Price spread now: QFEX against OKX+0.143%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.143%, 7d avg +0.085%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.057% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRM-USDT-SWAP	238.11	0	get 0.0000% / 8h	1h 49m	$459K	$137K	10x
Short	QFEX CRM-USD	238.45	0.0016	get 0.0002% / 1h	49m 21s	$1.1M	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.143%Rate

Funding earned: $3.33
Price spread: +0.143% → +0.085%: $5.73
Slippage, 4 orders: −$57.77
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$68.71
Costs to cover: 0.778%
Break-even: 151.6 days

Slippage from OKX: live order book, 56 min ago; QFEX: live order book, 4 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, 56 min ago	11.17 bp	26.7 bp −$27	1296.7 bp −$13.0K	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.10 bp	9.0 bp −$9	17.2 bp −$172	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	238.43	+0.134%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.47	+0.151%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	238.35	+0.101%	$262K	$74K	25x	as long as short
OKX CRM-USDT-SWAPlong	0.0000%	8h	238.11	long leg	$459K	$137K	10x
Gate CRM_USDT	0.0000%	8h	238.35	+0.101%	$216K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	238.01	−0.042%	$445K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.28	+0.070%	$50K	$45K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	238.23	+0.051%	$479	$118K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	238.43	+0.134%	$1K	$265K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	238.60	+0.206%	$10K	$30K	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-USDshort	+0.0016%	1h	238.45	+0.143%	$1.1M	$3.9M	10x
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.013%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	238.35	+0.101%	$99K	$412K	20x	as long as short
edgeX CRMUSDC	+0.0228%	4h	238.21	+0.042%	$96K	$229K	10x	as long as short