CRM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.148%

Price spread now: KuCoin against SunX−0.168%54s7-day average +0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$628as 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−$6406.401% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.168%, 7d avg +0.094%

Together, before fees+0.323%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.262% cheaper against SunX than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of +0.094%). If the spread goes back, that is −$26 on $10k: about 8.7 days of funding at the current rate (+$3 a day). The two prices were read 54 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	238.54	0	get 0.0000% / 8h	50m 33s	$763	$261K	10x
Short	KuCoin CRMUSDTM	238.14	0.0100	get 0.0100% / 8h	50m 33s	$98K	$417K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.168%Rate

Funding earned: $21
Price spread: −0.168% → +0.094%: −$26.16
Slippage, 4 orders: −$620.06
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$645.22
Costs to cover: 6.401%
Break-even: 222.1 days

Slippage from SunX: live order book, 70 min ago; KuCoin: live order book, 53 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, 70 min ago	46.80 bp	65.0 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 53 min ago	8.81 bp	235.2 bp −$235	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 CRMUSDC	−0.0938%	4h	238.49	−0.020%	$96K	$229K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	238.30	−0.099%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	238.52	−0.008%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	238.15	−0.163%	$263K	$74K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	238.25	−0.122%	$459K	$135K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	238.56	+0.008%	$216K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	238.12	−0.176%	$445K	$31K	20x	as long as short
Variational Omni CRM	0.0000%	8h	238.44	−0.042%	$52K	$46K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	238.45	−0.038%	$1K	$117K	10x	as long as short
SunX CRM-USDTlong	0.0000%	8h	238.54	long leg	$763	$261K	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	238.59	+0.021%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.168%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0041%	1h	238.39	−0.063%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTMshort	+0.0100%	8h	238.14	−0.168%	$98K	$417K	20x