Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.014%

Price spread now: Injective against SunX+0.545%61s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.545% dearer against SunX than usual: you sell high and buy low: +$54 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 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 30m	$606	$270K	10x
Short	Injective CRM/USDC PERP	238.14	0.0033	get 0.0004% / 1h	30m 02s	$12K	$12K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.545%Rate

Funding earned: $7
Price spread: +0.545% → 0.000%: $54.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $53.44
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 51 min ago; Injective: no order-book sample. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.018%	$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	236.66	−0.080%	$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	236.60	−0.106%	$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	236.87	+0.008%	$595	$116K	10x	as long as short
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 PERPshort	+0.0033%	1h	238.14	+0.545%	$12K	$12K	12x
KuCoin CRMUSDTM	+0.0100%	8h	236.58	−0.114%	$98K	$491K	20x	as long as short
edgeX CRMUSDC	+0.0359%	4h	236.80	−0.023%	$96K	$230K	10x	as long as short