Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0478%/8h= −52.4% APRpaid last 24h −0.008%

Price spread now: GMX against BloFin−0.110%51s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and GMX is 0.110% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	BloFin CRO-USDT	0.06544	0.0220	pay 0.0220% / 8h	2h 01m	$149K	$287K	20x
Short	GMX CRO/USD [WBTC.b-USDC]	0.06537	L +0.0157% / S +0.0258%	pay 0.0032% / 1h	1m 56s	$50K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$100.42
Price spread: −0.110% → 0.000%: −$11
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$135.42
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 15 min ago; GMX: 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 BloFin live order book, 15 min ago	1.52 bp	20.4 bp −$20	78.8 bp −$788	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	0.06547	+0.046%	$5	$115K	5.5x	as long as short
OKX CRO-USDT-SWAP	+0.0100%	8h	0.06541	−0.046%	$2.2M	$3.8M	20x	as long as short
Gate CRO_USDT	+0.0100%	8h	0.06537	−0.107%	$802K	$284K	25x	as long as short
MEXC CRO_USDT	+0.0100%	8h	0.06541	−0.046%	$8.3M	$1.2M	200x	as long as short
GMX CRO/USD [WBTC.b-USDC]short	L +0.0157% / S +0.0258%	1h	0.06537	−0.110%	$50K	—	100x
BloFin CRO-USDTlong	+0.0220%	8h	0.06544	long leg	$149K	$287K	20x
Lighter CRO	+0.0456%	1h	0.06553	+0.138%	$54K	$34K	3x	as long as short
Bybit CROUSDT	+0.0491%	8h	0.06546	+0.031%	$5.4M	$4.7M	25x	as long as short
BingX CRO-USDT	+0.0543%	8h	0.06543	−0.015%	—	$2.6M	—	as long as short
Variational Omni CRO	+0.0559%	8h	0.06526	−0.272%	$160K	$215K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CROUSDT	+0.0578%	8h	0.06560	+0.244%	$2.9M	$1.9M	25x	as long as short
Kraken Futures PF_CROUSD	+0.1432%	1h	0.06556	+0.188%	$52K	$20K	10x	as long as short
KuCoin CROUSDTM	+0.1554%	8h	0.06503	−0.627%	$3.7M	$624K	20x	as long as short