Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.086%

Price spread now: Bybit against Bitget−0.027%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1161.160% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.320%+$32 · spread now −0.027%, 7d avg +0.018%

Together, before fees+0.361%+$36 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 0.045% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRDOUSDT	187.01	0	get 0.0000% / 8h	2h 34m	$1.7M	$1.7M	20x
Short	Bybit CRDOUSDT	186.96	0	get 0.0000% / 8h	2h 34m	$733K	$874K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.018%: −$4.51
Slippage, 4 orders: −$92.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$120.49
Costs to cover: 1.160%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 50 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 Bitget live order book, 3 min ago	4.28 bp	21.3 bp −$21	47.4 bp −$474	157.1 bp −$15.7K	doesn't fit
Sell Bybit live order book, 50 min ago	7.22 bp	18.4 bp −$18	190.5 bp −$1,905	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	−0.0007%	1h	187.02	+0.005%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	186.88	−0.068%	$37K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	186.90	−0.059%	$4.2M	$8.8M	20x	as long as short
Bybit CRDOUSDTshort	0.0000%	8h	186.96	−0.027%	$733K	$874K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	186.97	−0.021%	$883K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.07	+0.032%	$650K	$145K	20x	as long as short
Bitget CRDOUSDTlong	0.0000%	8h	187.01	long leg	$1.7M	$1.7M	20x
Variational Omni CRDO	0.0000%	8h	186.97	−0.022%	$200K	$33K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	186.93	−0.041%	$445	$156K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	186.94	−0.037%	$1K	$662K	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	187.09	+0.043%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.00	−0.005%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.06	+0.027%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	186.96	−0.027%	$189K	$960K	20x	as long as short
Paragon para:CRDO	+0.0100%	1h	187.08	+0.039%	$893K	$244K	10x	as long as short