Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.014%

Price spread now: Injective against Variational Omni+0.328%76s7-day average — · you sell dearer than you buy

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

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.328% dearer against Variational Omni than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 76 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	Variational Omni CRM	237.36	0	get 0.0000% / 8h	2h 35m	$50K	$44K	—
Short	Injective CRM/USDC PERP	238.14	0.0033	get 0.0004% / 1h	35m 58s	$12K	$12K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.328%Rate

Funding earned: $7
Price spread: +0.328% → 0.000%: $32.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $39.82
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Variational Omni and 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	237.32	−0.018%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	237.40	+0.016%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	237.09	−0.114%	$262K	$73K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	237.46	+0.042%	$458K	$137K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	237.39	+0.012%	$221K	$28K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	237.17	−0.080%	$444K	$30K	20x	as long as short
Variational Omni CRMlong	0.0000%	8h	237.36	long leg	$50K	$44K	—
GRVT CRM_USDT_Perp	0.0000%	8h	237.25	−0.048%	$420	$118K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	237.38	+0.008%	$1K	$267K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	237.48	+0.050%	$10K	$29K	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	+0.0007%	1h	237.10	−0.110%	$1.1M	$4.2M	10x	as long as short
Injective CRM/USDC PERPshort	+0.0033%	1h	238.14	+0.328%	$12K	$12K	12x
KuCoin CRMUSDTM	+0.0100%	8h	237.23	−0.055%	$98K	$453K	20x	as long as short
edgeX CRMUSDC	+0.0503%	4h	237.31	−0.021%	$96K	$229K	10x	as long as short