Funding arb · Price arb /

CRM

RWAall CRM markets

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 +0.001%

Price spread now: GRVT against SunX+0.008%74s7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$193as 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−$1931.930% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.008%, 7d avg −0.028%

Together, before fees−0.058%+ Points / potential airdropGRVT: Active · farm board−$6 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: GRVT is 0.037% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.028%. 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 29m	$606	$270K	10x
Short	GRVT CRM_USDT_Perp	236.87	0	get 0.0000% / 8h	3h 29m	$595	$116K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.028%: $3.67
Slippage, 4 orders: −$175.96
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$189.29
Costs to cover: 1.930%
Break-even: never at this rate

Slippage from SunX: live order book, 51 min ago; GRVT: live order book, 22 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, 51 min ago	48.54 bp	66.9 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 22 min ago	1.05 bp	27.0 bp −$27	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
Aster CRMUSDT	0.0000%	8h	236.89	+0.017%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.86	+0.004%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	236.67	−0.076%	$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	236.92	+0.030%	$221K	$28K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.64	−0.089%	$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_Perpshort	0.0000%	8h	236.87	+0.008%	$595	$116K	10x
SunX CRM-USDTlong	0.0000%	8h	236.85	long leg	$606	$270K	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	236.58	−0.114%	$97K	$491K	20x	as long as short
edgeX CRMUSDC	+0.0359%	4h	236.80	−0.023%	$96K	$230K	10x	as long as short