Funding arb · Price arb /

CRM

RWAall CRM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.011%

Price spread now: Binance against QFEX−0.014%7-day average +0.039% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.014%, 7d avg +0.039%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.052% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRM-USD	236.87	0.0022	pay 0.0003% / 1h	27m 07s	$1.1M	$4.7M	10x
Short	Binance CRMUSDT	236.84	0	get 0.0000% / 8h	3h 27m	$1.8M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.014%Rate

Funding earned: −$4.67
Price spread: −0.014% → +0.039%: −$5.23
Slippage, 4 orders: −$30.89
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$60.79
Costs to cover: 0.509%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Binance: live order book, 7 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 QFEX live order book, 7 min ago	2.32 bp	7.9 bp −$8	14.9 bp −$149	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.48 bp	12.5 bp −$12	56.9 bp −$569	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	236.93	+0.024%	$11K	$2K	20x	as long as short
Binance CRMUSDTshort	0.0000%	8h	236.84	−0.014%	$1.8M	$1.4M	20x
Bybit CRMUSDT	0.0000%	8h	236.72	−0.063%	$262K	$72K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	236.64	−0.097%	$456K	$135K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	236.92	+0.021%	$221K	$28K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.85	−0.008%	$443K	$31K	20x	as long as short
Variational Omni CRM	0.0000%	8h	236.81	−0.024%	$50K	$44K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	236.74	−0.056%	$831	$117K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	236.92	+0.021%	$588	$270K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	236.96	+0.038%	$10K	$28K	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-USDlong	+0.0022%	1h	236.87	long leg	$1.1M	$4.7M	10x
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.536%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.69	−0.076%	$97K	$492K	20x	as long as short
edgeX CRMUSDC	+0.0694%	4h	236.81	−0.025%	$96K	$228K	10x	as long as short