Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h −0.055%

Price spread now: QFEX against Bitget−0.064%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.064%, 7d avg −0.095%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.031% dearer against Bitget than usual: you sell high and buy low (spread −0.064% now, against its 7-day average of −0.095%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 3 days (−0.056% in total) that is about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRDOUSDT	188.49	0	get 0.0000% / 8h	51m 01s	$1.7M	$1.7M	20x
Short	QFEX CRDO-USD	188.37	−0.0027	pay 0.0003% / 1h	51m 01s	$1.1M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$5.61
Price spread: −0.064% → −0.095%: $3.14
Slippage, 4 orders: −$32.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$57.12
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; QFEX: live order book, 7 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	6.10 bp	20.3 bp −$20	48.5 bp −$485	171.1 bp −$17.1K	doesn't fit
Sell QFEX live order book, 7 min ago	1.60 bp	7.7 bp −$8	14.1 bp −$141	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-USDshort	−0.0027%	1h	188.37	−0.064%	$1.1M	$3.1M	10x
Aster CRDOUSDT	0.0000%	8h	188.49	+0.003%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.46	−0.018%	$4.2M	$8.5M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.50	+0.005%	$730K	$821K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.49	0.000%	$887K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	188.58	+0.048%	$656K	$140K	20x	as long as short
Bitget CRDOUSDTlong	0.0000%	8h	188.49	long leg	$1.7M	$1.7M	20x
Variational Omni CRDO	0.0000%	8h	188.10	−0.207%	$201K	$34K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.31	−0.095%	$751	$142K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.04	−0.239%	$850	$620K	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	188.49	0.000%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.51	+0.010%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.42	−0.037%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.34	−0.080%	$192K	$928K	20x	as long as short
Paragon para:CRDO	+0.0546%	1h	188.58	+0.048%	$937K	$252K	10x	as long as short