Funding arb · Price arb /

CRDO

RWAall CRDO markets

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 Binance+0.027%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.195%+$19 · spread now +0.027%, 7d avg +0.081%

Together, before fees+0.184%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.055% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRDOUSDT	188.35	0	get 0.0000% / 8h	3h 54m	$4.2M	$8.1M	20x
Short	Bybit CRDOUSDT	188.40	0	get 0.0000% / 8h	3h 54m	$713K	$730K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.081%: −$5.46
Slippage, 4 orders: −$41.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.06
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 60 min ago.

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 Binance live order book, 14 min ago	1.58 bp	11.4 bp −$11	42.4 bp −$424	226.5 bp −$22.6K	doesn't fit
Sell Bybit live order book, 60 min ago	3.16 bp	18.9 bp −$19	179.6 bp −$1,796	doesn't fit	doesn't fit

CRDO on 15 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
QFEX CRDO-USD	−0.0009%	1h	188.26	−0.048%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.57	+0.115%	$38K	$11K	20x	as long as short
Binance CRDOUSDTlong	0.0000%	8h	188.35	long leg	$4.2M	$8.1M	20x
Bybit CRDOUSDTshort	0.0000%	8h	188.40	+0.027%	$713K	$730K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	188.52	+0.090%	$949K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	188.53	+0.096%	$655K	$119K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.72	+0.196%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.30	−0.025%	$221K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.58	+0.123%	$620	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	187.51	−0.446%	$1K	$515K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	188.35	0.000%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.29	−0.032%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.38	+0.016%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.42	+0.037%	$197K	$867K	20x	as long as short
Paragon para:CRDO	+0.1059%	1h	188.68	+0.175%	$1.3M	$460K	10x	as long as short