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: Binance against Bybit−0.125%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$910.912% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.125%, 7d avg −0.081%

Together, before fees−0.077%−$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: Binance is 0.044% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	184.11	0	get 0.0000% / 8h	2h 54m	$704K	$747K	25x
Short	Binance CRDOUSDT	183.88	0	get 0.0000% / 8h	2h 54m	$4.1M	$8.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.125%Rate

Funding earned: $0
Price spread: −0.125% → −0.081%: −$4.4
Slippage, 4 orders: −$70.23
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$95.62
Costs to cover: 0.912%
Break-even: never at this rate

Slippage from Bybit: live order book, 55 min ago; Binance: live order book, 14 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 Bybit live order book, 55 min ago	3.99 bp	19.8 bp −$20	195.1 bp −$1,951	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.36 bp	24.9 bp −$25	59.1 bp −$591	200.8 bp −$20.1K	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
Bitget CRDOUSDT	−0.1278%	8h	184.08	−0.016%	$1.6M	$1.5M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	183.84	−0.147%	$1.1M	$2.5M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	184.10	−0.003%	$37K	$11K	20x	as long as short
Binance CRDOUSDTshort	0.0000%	8h	183.88	−0.125%	$4.1M	$8.7M	20x
Bybit CRDOUSDTlong	0.0000%	8h	184.11	long leg	$704K	$747K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	184.04	−0.038%	$934K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	184.04	−0.038%	$656K	$125K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	183.75	−0.194%	$229K	$104K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	183.46	−0.353%	$363	$124K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	184.17	+0.033%	$1K	$512K	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	183.84	−0.147%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	184.22	+0.060%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	183.78	−0.179%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	183.74	−0.201%	$194K	$853K	20x	as long as short
Paragon para:CRDO	+0.1185%	1h	184.22	+0.060%	$1.3M	$469K	10x	as long as short