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: OKX against SunX+0.029%47s7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$274as 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−$2742.742% of the position

Long on SunX Short on OKX

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)−0.080%−$8 · spread now +0.029%, 7d avg −0.082%

Together, before fees−0.078%−$8 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: OKX is 0.112% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.082%. The two prices were read 47 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	240.33	0	get 0.0000% / 8h	7h 25m	$1K	$252K	10x
Short	OKX CRM-USDT-SWAP	240.40	0	get 0.0000% / 8h	7h 25m	$471K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.082%: $11.16
Slippage, 4 orders: −$256.24
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$263.08
Costs to cover: 2.742%
Break-even: never at this rate

Slippage from SunX: live order book, 15 min ago; OKX: live order book, 5 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, 15 min ago	47.82 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	3.33 bp	36.3 bp −$36	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	−0.0327%	4h	240.44	+0.046%	$97K	$228K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	242.50	+0.904%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	240.59	+0.107%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	240.54	+0.087%	$265K	$75K	25x	as long as short
OKX CRM-USDT-SWAPshort	0.0000%	8h	240.40	+0.029%	$471K	$151K	10x
Gate CRM_USDT	0.0000%	8h	240.59	+0.108%	$217K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	240.50	+0.071%	$449K	$30K	20x	as long as short
Variational Omni CRM	0.0000%	8h	240.49	+0.068%	$55K	$45K	—	as long as short
SunX CRM-USDTlong	0.0000%	8h	240.33	long leg	$1K	$252K	10x
HTX CRM-USDT	0.0000%	8h	240.40	+0.029%	$10K	$31K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.911%	$12K	$10K	12x	as long as short
QFEX CRM-USD	+0.0071%	1h	240.55	+0.092%	$1.1M	$3.9M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	240.41	+0.033%	$99K	$489K	20x	as long as short
GRVT CRM_USDT_Perp	+0.0723%	8h	240.46	+0.054%	$664	$108K	10x	as long as short