Funding arb · Price arb /

CRM

RWAall CRM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0151%/8h= −16.6% APRpaid last 24h +0.061%

Price spread now: edgeX against SunX−0.015%74s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1791.792% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.015%, 7d avg −0.023%

Together, before fees+0.043%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

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 28m	$587	$270K	10x
Short	edgeX CRMUSDC	236.81	−0.0151	pay 0.0076% / 4h	3h 28m	$96K	$230K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$31.78
Price spread: −0.015% → −0.023%: $0.78
Slippage, 4 orders: −$162.23
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$210.23
Costs to cover: 1.792%
Break-even: never at this rate

Slippage from SunX: live order book, 52 min ago; edgeX: live order book, 24 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, 52 min ago	48.54 bp	66.9 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 24 min ago	8.24 bp	18.2 bp −$18	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 CRMUSDCshort	−0.0151%	4h	236.81	−0.015%	$96K	$230K	10x
Aster CRMUSDT	0.0000%	8h	236.89	+0.017%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.80	−0.021%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	236.65	−0.084%	$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 CRMUSDT	0.0000%	8h	236.78	−0.030%	$443K	$31K	20x	as long as short
Variational Omni CRM	0.0000%	8h	236.81	−0.015%	$50K	$44K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	236.82	−0.011%	$831	$117K	10x	as long as short
SunX CRM-USDTlong	0.0000%	8h	236.85	long leg	$587	$270K	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	236.96	+0.046%	$10K	$28K	20x	as long as short
QFEX CRM-USD	+0.0022%	1h	236.86	+0.004%	$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	236.62	−0.097%	$97K	$492K	20x	as long as short