Funding arb · Price arb /

CRM

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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: SunX against OKX+0.122%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$346as in the Funding arb table

Net, price: spread back to 7d avg − costs−$342as in the Price arb table

costs, in and out, $10k−$3463.456% of the position

Long on OKX Short on SunX

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)−0.069%−$7 · spread now +0.122%, 7d avg +0.082%

Together, before fees−0.070%−$7 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: SunX is 0.039% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRM-USDT-SWAP	238.25	0	get 0.0000% / 8h	50m 39s	$459K	$135K	10x
Short	SunX CRM-USDT	238.54	0	get 0.0000% / 8h	50m 39s	$763	$261K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → +0.082%: $3.95
Slippage, 4 orders: −$327.6
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$341.65
Costs to cover: 3.456%
Break-even: never at this rate

Slippage from OKX: live order book, 50 min ago; SunX: live order book, 70 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, 50 min ago	6.29 bp	157.8 bp −$158	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 70 min ago	46.80 bp	65.9 bp −$66	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	−0.0938%	4h	238.49	+0.102%	$96K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	238.31	+0.024%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.53	+0.117%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	238.15	−0.042%	$263K	$74K	25x	as long as short
OKX CRM-USDT-SWAPlong	0.0000%	8h	238.25	long leg	$459K	$135K	10x
Gate CRM_USDT	0.0000%	8h	238.56	+0.130%	$216K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	238.12	−0.055%	$445K	$31K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.44	+0.080%	$52K	$46K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	238.45	+0.084%	$1K	$117K	10x	as long as short
SunX CRM-USDTshort	0.0000%	8h	238.54	+0.122%	$763	$261K	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRM-USDT	0.0000%	8h	238.59	+0.143%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.046%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0041%	1h	238.39	+0.059%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	238.13	−0.050%	$98K	$417K	20x	as long as short