Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.280%

Price spread now: Lighter against BingX+0.260%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.260% dearer against BingX than usual: you sell high and buy low (spread +0.260% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CRO-USDT	0.06539	0.0383	pay 0.0383% / 8h	2h 53m	—	$2.6M	—
Short	Lighter CRO	0.06556	0.0128	get 0.0016% / 1h	53m 41s	$55K	$33K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.260%Rate

Funding earned: −$53.55
Price spread: +0.260% → 0.000%: $26
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.55
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 11 min ago; Lighter: 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 BingX live order book, 11 min ago	3.84 bp	21.9 bp −$22	83.7 bp −$837	482.6 bp −$48.3K	839.9 bp −$420.0K
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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.

CRO on 13 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
Injective CRO/USDC PERP	+0.0072%	1h	0.06542	+0.046%	$5	$91K	5.5x	as long as short
OKX CRO-USDT-SWAP	+0.0100%	8h	0.06554	+0.229%	$2.2M	$3.6M	20x	as long as short
Gate CRO_USDT	+0.0100%	8h	0.06538	−0.015%	$800K	$273K	25x	as long as short
MEXC CRO_USDT	+0.0100%	8h	0.06540	+0.015%	$8.3M	$1.2M	200x	as long as short
Lighter CROshort	+0.0128%	1h	0.06556	+0.260%	$55K	$33K	3x
GMX CRO/USD [WBTC.b-USDC]	L +0.0207% / S +0.0237%	1h	0.06537	−0.038%	$50K	—	100x	as long as short
BloFin CRO-USDT	+0.0220%	8h	0.06555	+0.245%	$146K	$260K	20x	as long as short
Bybit CROUSDT	+0.0248%	8h	0.06548	+0.138%	$5.4M	$4.4M	25x	as long as short
Variational Omni CRO	+0.0337%	8h	0.06531	−0.115%	$166K	$212K	—	as long as short
BingX CRO-USDTlong	+0.0383%	8h	0.06539	long leg	—	$2.6M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CROUSDT	+0.0412%	8h	0.06564	+0.382%	$2.8M	$1.8M	25x	as long as short
KuCoin CROUSDTM	+0.1377%	8h	0.06504	−0.535%	$3.5M	$564K	20x	as long as short
Kraken Futures PF_CROUSD	+0.1432%	1h	0.06559	+0.304%	$50K	$18K	10x	as long as short