Funding arb · Price arb /

CRM

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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 0.000%

Price spread now: Bybit against Variational Omni−0.086%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.086% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRM	236.81	0	get 0.0000% / 8h	3h 31m	$50K	$44K	—
Short	Bybit CRMUSDT	236.61	0	get 0.0000% / 8h	3h 31m	$262K	$72K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → 0.000%: −$8.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.6
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 4 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	7.39 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit

Variational Omni: 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	236.86	+0.020%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	236.81	+0.001%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDTshort	0.0000%	8h	236.61	−0.086%	$262K	$72K	25x
OKX CRM-USDT-SWAP	0.0000%	8h	236.64	−0.073%	$456K	$135K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	236.91	+0.041%	$221K	$28K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	236.62	−0.082%	$443K	$31K	20x	as long as short
Variational Omni CRMlong	0.0000%	8h	236.81	long leg	$50K	$44K	—
GRVT CRM_USDT_Perp	0.0000%	8h	236.87	+0.024%	$595	$116K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	236.85	+0.015%	$656	$269K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	236.98	+0.070%	$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	+0.024%	$1.1M	$4.8M	10x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.560%	$12K	$12K	12x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	236.61	−0.086%	$98K	$492K	20x	as long as short
edgeX CRMUSDC	+0.0359%	4h	236.80	−0.008%	$96K	$230K	10x	as long as short