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: Bitget against SunX−0.097%7-day average −0.124% · you buy dearer than you sell

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$2452.453% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.097%, 7d avg −0.124%

Together, before fees−0.002%$0 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: Bitget is 0.027% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.124%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRM-USDT	236.85	0	get 0.0000% / 8h	3h 31m	$656	$269K	10x
Short	Bitget CRMUSDT	236.62	0	get 0.0000% / 8h	3h 31m	$443K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → −0.124%: $2.67
Slippage, 4 orders: −$225.27
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$242.6
Costs to cover: 2.453%
Break-even: never at this rate

Slippage from SunX: live order book, 49 min ago; Bitget: live order book, 15 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 SunX live order book, 49 min ago	48.54 bp	66.9 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 15 min ago	10.14 bp	29.8 bp −$30	45.8 bp −$458	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	236.86	+0.005%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.81	−0.015%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	236.61	−0.101%	$262K	$72K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	236.64	−0.089%	$456K	$135K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	236.91	+0.025%	$221K	$28K	20x	as long as short
Bitget CRMUSDTshort	0.0000%	8h	236.62	−0.097%	$443K	$31K	20x
Variational Omni CRM	0.0000%	8h	236.81	−0.015%	$50K	$44K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	236.87	+0.008%	$595	$116K	10x	as long as short
SunX CRM-USDTlong	0.0000%	8h	236.85	long leg	$656	$269K	10x
HTX CRM-USDT	0.0000%	8h	236.98	+0.055%	$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-USD	+0.0022%	1h	236.87	+0.008%	$1.1M	$4.8M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.545%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.61	−0.101%	$98K	$492K	20x	as long as short
edgeX CRMUSDC	+0.0359%	4h	236.80	−0.023%	$96K	$230K	10x	as long as short