Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.010%

Price spread now: QFEX against Variational Omni+0.007%47s7-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 QFEX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. 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	Variational Omni CRM	239.54	0	get 0.0000% / 8h	5h 28m	$75K	$71K	—
Short	QFEX CRM-USD	239.56	0.0040	get 0.0005% / 1h	28m 36s	$1.1M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $8.37
Price spread: +0.007% → 0.000%: $0.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$0.95
Costs to cover: 0.100%
Break-even: 7.8 days

Slippage unknown: Variational Omni: no order-book sample; QFEX: live order book, 8 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 QFEX live order book, 8 min ago	127.14 bp	134.4 bp −$134	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 exchanges

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	−0.0565%	4h	239.53	−0.006%	$97K	$230K	10x	as long as short
Aster CRMUSDT	0.0000%	8h	239.46	−0.033%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	239.43	−0.047%	$1.8M	$1.4M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	239.51	−0.014%	$264K	$64K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	239.48	−0.027%	$469K	$173K	10x	as long as short
Gate CRM_USDT	0.0000%	8h	239.60	+0.024%	$216K	$29K	20x	as long as short
Bitget CRMUSDT	0.0000%	8h	239.50	−0.018%	$466K	$35K	20x	as long as short
Variational Omni CRMlong	0.0000%	8h	239.54	long leg	$75K	$71K	—
GRVT CRM_USDT_Perp	0.0000%	8h	239.46	−0.034%	$594	$110K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	239.60	+0.024%	$992	$254K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRM-USDT	0.0000%	8h	239.62	+0.032%	$10K	$31K	20x	as long as short
Injective CRM/USDC PERP	+0.0033%	1h	238.14	−0.586%	$12K	$10K	12x	as long as short
QFEX CRM-USDshort	+0.0040%	1h	239.56	+0.007%	$1.1M	$3.7M	10x
KuCoin CRMUSDTM	+0.0100%	8h	239.27	−0.114%	$93K	$610K	20x	as long as short