Funding arb · Price arb /

CRM

RWAall CRM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.010%

Price spread now: Gate against QFEX−0.017%7-day average −0.060% · 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−$515as in the Price arb table

costs, in and out, $10k−$5205.195% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.017%, 7d avg −0.060%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.043% dearer against QFEX than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.060%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.1 days. Mind the row above: over the last 4 days funding on this pair paid +0.084%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRM-USD	240.22	0.0020	pay 0.0003% / 1h	9m 26s	$1.1M	$3.7M	10x
Short	Gate CRM_USDT	240.18	0	get 0.0000% / 8h	4h 09m	$213K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.017%Rate

Funding earned: −$4.22
Price spread: −0.017% → −0.060%: $4.31
Slippage, 4 orders: −$494.55
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$519.46
Costs to cover: 5.195%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Gate: live order book, 25 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	2.29 bp	12.0 bp −$12	18.2 bp −$182	doesn't fit	doesn't fit
Sell Gate live order book, 25 min ago	18.34 bp	103.3 bp −$103	doesn't fit	doesn't fit	doesn't fit

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	239.99	−0.096%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	240.21	−0.003%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	240.04	−0.075%	$267K	$60K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	239.67	−0.229%	$472K	$178K	10x	as long as short
Gate CRM_USDTshort	0.0000%	8h	240.18	−0.017%	$213K	$25K	20x
Bitget CRMUSDT	0.0000%	8h	239.81	−0.171%	$471K	$53K	20x	as long as short
Variational Omni CRM	0.0000%	8h	240.08	−0.059%	$75K	$71K	—	as long as short
SunX CRM-USDT	0.0000%	8h	240.12	−0.042%	$946	$247K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	240.14	−0.033%	$10K	$32K	20x	as long as short
QFEX CRM-USDlong	+0.0020%	1h	240.22	long leg	$1.1M	$3.7M	10x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CRM_USDT_Perp	+0.0029%	8h	240.17	−0.021%	$291	$112K	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.866%	$12K	$10K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	239.83	−0.162%	$93K	$668K	20x	as long as short
edgeX CRMUSDC	+0.0696%	4h	240.07	−0.061%	$97K	$228K	10x	as long as short