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: GRVT against Bitget+0.083%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

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

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now +0.083%, 7d avg −0.047%

Together, before fees+0.079%+ Points / potential airdropGRVT: Active · farm board+$8 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: GRVT is 0.130% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRDOUSDT	190.60	0	get 0.0000% / 8h	7h 10m	$1.7M	$1.6M	20x
Short	GRVT CRDO_USDT_Perp	190.76	0	get 0.0000% / 8h	7h 10m	$334	$133K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → −0.047%: $13.04
Slippage, 4 orders: −$41.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$49.59
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; GRVT: live order book, 57 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, 1 min ago	5.25 bp	22.7 bp −$23	78.1 bp −$781	192.6 bp −$19.3K	doesn't fit
Sell GRVT live order book, 57 min ago	2.91 bp	8.5 bp −$8	doesn't fit	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	−0.0028%	1h	190.55	−0.026%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	190.74	+0.075%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	190.60	−0.001%	$4.3M	$8.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	190.72	+0.063%	$721K	$813K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	190.71	+0.058%	$918K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	190.64	+0.021%	$663K	$124K	20x	as long as short
Bitget CRDOUSDTlong	0.0000%	8h	190.60	long leg	$1.7M	$1.6M	20x
Variational Omni CRDO	0.0000%	8h	190.51	−0.045%	$206K	$42K	—	as long as short
GRVT CRDO_USDT_Perpshort	0.0000%	8h	190.76	+0.083%	$334	$133K	10x
SunX CRDO-USDT	0.0000%	8h	190.57	−0.016%	$850	$565K	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	190.53	−0.037%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	190.76	+0.087%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	190.70	+0.052%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	190.51	−0.047%	$197K	$907K	20x	as long as short
Paragon para:CRDO	+0.1114%	1h	191.11	+0.268%	$1.3M	$443K	10x	as long as short