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: SunX against QFEX+0.021%7-day average −0.007% · 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−$163as in the Price arb table

costs, in and out, $10k−$1651.653% of the position

Long on QFEX Short on SunX

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 4 days (all we have)−0.048%−$5 · spread now +0.021%, 7d avg −0.007%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.028% dearer against QFEX than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.007%): +$3 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	236.89	0.0022	pay 0.0003% / 1h	19m 56s	$1.1M	$4.7M	10x
Short	SunX CRM-USDT	236.94	0	get 0.0000% / 8h	3h 19m	$836	$266K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$4.67
Price spread: +0.021% → −0.007%: $2.81
Slippage, 4 orders: −$147.31
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$167.17
Costs to cover: 1.653%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; SunX: live order book, 61 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, 4 min ago	2.32 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 61 min ago	48.54 bp	76.8 bp −$77	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	−0.0158%	4h	236.89	−0.001%	$96K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	236.90	+0.003%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.90	+0.005%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	236.82	−0.030%	$262K	$72K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	236.64	−0.106%	$456K	$135K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	236.97	+0.034%	$221K	$28K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.84	−0.021%	$443K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	236.90	+0.006%	$50K	$44K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	236.87	−0.008%	$538	$118K	10x	as long as short
SunX CRM-USDTshort	0.0000%	8h	236.94	+0.021%	$836	$266K	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	237.05	+0.068%	$10K	$28K	20x	as long as short
QFEX CRM-USDlong	+0.0022%	1h	236.89	long leg	$1.1M	$4.7M	10x
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.528%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.83	−0.025%	$97K	$489K	20x	as long as short