Funding arb · Price arb /

CRDO

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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: Variational Omni against Binance−0.034%7-day average +0.005% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.439%−$44 · spread now −0.034%, 7d avg +0.005%

Together, before fees−0.443%+ Points / potential airdropVariational Omni: Active · farm board−$44 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: Variational Omni is 0.039% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRDOUSDT	189.32	0	get 0.0000% / 8h	4h 25m	$4.2M	$8.1M	20x
Short	Variational Omni CRDO	189.25	0	get 0.0000% / 8h	4h 25m	$222K	$59K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → +0.005%: −$3.94
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.94
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Variational Omni: RFQ quote, 34 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 Binance live order book, 14 min ago	1.85 bp	14.0 bp −$14	65.4 bp −$654	248.1 bp −$24.8K	doesn't fit
Sell Variational Omni RFQ quote, 34 min ago	4.80 bp	doesn't fit	88.2 bp −$882	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	−0.0026%	1h	189.26	−0.032%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.47	+0.081%	$38K	$11K	20x	as long as short
Binance CRDOUSDTlong	0.0000%	8h	189.32	long leg	$4.2M	$8.1M	20x
Bybit CRDOUSDT	0.0000%	8h	189.36	+0.021%	$717K	$729K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.43	+0.058%	$917K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.48	+0.085%	$658K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.48	+0.085%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	189.25	−0.034%	$222K	$59K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	189.39	+0.037%	$417	$114K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.33	+0.005%	$1K	$511K	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	189.08	−0.127%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.41	+0.048%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.37	+0.026%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.28	−0.021%	$197K	$882K	20x	as long as short
Paragon para:CRDO	+0.1607%	1h	189.65	+0.173%	$1.3M	$460K	10x	as long as short