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 Bitget−0.015%7-day average −0.065% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 3 days (all we have)+0.075%+$8 · spread now −0.015%, 7d avg −0.065%

Together, before fees+0.098%+ Points / potential airdropVariational Omni: Active · farm board+$10 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 0.049% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRDOUSDT	190.68	0	get 0.0000% / 8h	7h 13m	$1.7M	$1.6M	20x
Short	Variational Omni CRDO	190.65	0	get 0.0000% / 8h	7h 13m	$206K	$42K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.065%: $4.94
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.06
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Variational Omni: RFQ quote, 61 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 Bitget live order book, 4 min ago	1.57 bp	21.8 bp −$22	56.7 bp −$567	172.5 bp −$17.3K	doesn't fit
Sell Variational Omni RFQ quote, 61 min ago	3.52 bp	doesn't fit	70.4 bp −$704	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	190.61	−0.037%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	190.85	+0.089%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	190.78	+0.054%	$4.3M	$8.3M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	190.88	+0.105%	$722K	$813K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	190.70	+0.010%	$916K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	190.73	+0.026%	$663K	$124K	20x	as long as short
Bitget CRDOUSDTlong	0.0000%	8h	190.68	long leg	$1.7M	$1.6M	20x
Variational Omni CRDOshort	0.0000%	8h	190.65	−0.015%	$206K	$42K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	190.60	−0.043%	$334	$133K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	190.81	+0.068%	$832	$566K	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	190.60	−0.042%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	190.85	+0.089%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	190.72	+0.021%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	190.71	+0.016%	$198K	$907K	20x	as long as short
Paragon para:CRDO	+0.1108%	1h	191.16	+0.252%	$1.3M	$443K	10x	as long as short