Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX+0.071%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2232.230% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.071%, 7d avg −0.069%

Together, before fees−0.023%−$2 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: Gate is 0.140% dearer against SunX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRM-USDT	239.89	0	get 0.0000% / 8h	4h 52m	$763	$254K	10x
Short	Gate CRM_USDT	240.06	0	get 0.0000% / 8h	4h 52m	$213K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.069%: $14
Slippage, 4 orders: −$199.99
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$208.99
Costs to cover: 2.230%
Break-even: never at this rate

Slippage from SunX: live order book, 41 min ago; Gate: live order book, 47 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, 41 min ago	0.21 bp	67.1 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	13.59 bp	66.1 bp −$66	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	239.69	−0.084%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	239.88	−0.004%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	239.70	−0.079%	$264K	$59K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	239.58	−0.129%	$471K	$176K	10x	as long as short
Gate CRM_USDTshort	0.0000%	8h	240.06	+0.071%	$213K	$25K	20x
Bitget CRMUSDT	0.0000%	8h	239.62	−0.113%	$471K	$50K	20x	as long as short
Variational Omni CRM	0.0000%	8h	239.84	−0.022%	$75K	$71K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	239.93	+0.018%	$1K	$109K	10x	as long as short
SunX CRM-USDTlong	0.0000%	8h	239.89	long leg	$763	$254K	10x
HTX CRM-USDT	0.0000%	8h	240.21	+0.133%	$10K	$32K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRM-USD	+0.0020%	1h	239.73	−0.067%	$1.1M	$3.7M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.730%	$12K	$10K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	239.59	−0.125%	$93K	$633K	20x	as long as short
edgeX CRMUSDC	+0.0367%	4h	239.97	+0.035%	$97K	$229K	10x	as long as short