Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.011%

Price spread now: Aster against QFEX+0.053%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.053% dearer against QFEX than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRM-USD	237.17	0.0042	pay 0.0005% / 1h	37m 06s	$1.5M	$12.2M	10x
Short	Aster CRMUSDT	237.30	0	get 0.0000% / 8h	7h 37m	$11K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$8.89
Price spread: +0.053% → 0.000%: $5.27
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 7 min ago; Aster: 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 QFEX live order book, 7 min ago	77.25 bp	86.9 bp −$87	94.7 bp −$947	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 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 CRMUSDTshort	0.0000%	8h	237.30	+0.053%	$11K	$2K	20x
Binance CRMUSDT	0.0000%	8h	237.22	+0.021%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	237.18	+0.004%	$261K	$90K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	237.20	+0.013%	$458K	$138K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	237.39	+0.093%	$223K	$22K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	237.23	+0.025%	$445K	$55K	20x	as long as short
Variational Omni CRM	0.0000%	8h	237.37	+0.084%	$46K	$40K	—	as long as short
SunX CRM-USDT	0.0000%	8h	237.36	+0.080%	$743	$298K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	237.43	+0.110%	$10K	$26K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.409%	$12K	$24K	12x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRM-USDlong	+0.0042%	1h	237.17	long leg	$1.5M	$12.2M	10x
GRVT CRM_USDT_Perp	+0.0087%	8h	237.52	+0.146%	$784	$115K	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	237.19	+0.008%	$103K	$613K	20x	as long as short
edgeX CRMUSDC	+0.0631%	4h	237.34	+0.072%	$96K	$230K	10x	as long as short