Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Extended against Bybit−0.030%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.030% cheaper against Bybit than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	182.71	0	get 0.0000% / 8h	2h 11m	$704K	$773K	25x
Short	Extended CRDO_24_5-USD	182.66	0.0040	get 0.0005% / 1h	11m 54s	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.030%Rate

Funding earned: $8.4
Price spread: −0.030% → 0.000%: −$3.01
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.61
Costs to cover: 0.160%
Break-even: 15.8 days

Slippage unknown: Bybit: live order book, 33 min ago; Extended: no order-book sample. 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 Bybit live order book, 33 min ago	6.53 bp	18.4 bp −$18	181.8 bp −$1,818	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1985%	8h	182.85	+0.077%	$1.7M	$1.8M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	182.45	−0.142%	$1.1M	$2.4M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	182.81	+0.054%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.89	+0.099%	$4.0M	$9.2M	20x	as long as short
Bybit CRDOUSDTlong	0.0000%	8h	182.71	long leg	$704K	$773K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	182.85	+0.077%	$923K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	182.71	0.000%	$627K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	181.62	−0.599%	$197K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	181.48	−0.674%	$976	$130K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.04	−0.367%	$735	$508K	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	182.27	−0.241%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USDshort	+0.0040%	1h	182.66	−0.030%	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	182.33	−0.208%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.57	−0.077%	$194K	$844K	20x	as long as short
Paragon para:CRDO	+0.0888%	1h	182.60	−0.060%	$1.2M	$488K	10x	as long as short