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 Bybit+0.218%70s7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$750.754% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.218%, 7d avg −0.055%

Together, before fees−0.022%+ Points / potential airdropGRVT: Active · farm board−$2 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 0.273% dearer against Bybit than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.055%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	187.93	0	get 0.0000% / 8h	3h 50m	$712K	$729K	25x
Short	GRVT CRDO_USDT_Perp	188.34	0	get 0.0000% / 8h	3h 50m	$793	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.218%Rate

Funding earned: $0
Price spread: +0.218% → −0.055%: $27.27
Slippage, 4 orders: −$55.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$48.1
Costs to cover: 0.754%
Break-even: never at this rate

Slippage from Bybit: live order book, 64 min ago; GRVT: live order book, 62 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, 64 min ago	3.16 bp	16.8 bp −$17	180.6 bp −$1,806	doesn't fit	doesn't fit
Sell GRVT live order book, 62 min ago	2.11 bp	19.5 bp −$20	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	−0.0009%	1h	187.68	−0.133%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	187.94	+0.007%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	187.73	−0.106%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDTlong	0.0000%	8h	187.93	long leg	$712K	$729K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	187.90	−0.016%	$948K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.95	+0.011%	$653K	$119K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.72	−0.112%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	187.95	+0.009%	$220K	$59K	—	as long as short
GRVT CRDO_USDT_Perpshort	0.0000%	8h	188.34	+0.218%	$793	$115K	10x
SunX CRDO-USDT	0.0000%	8h	186.93	−0.532%	$1K	$516K	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	188.07	+0.074%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.75	−0.096%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.88	−0.027%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.87	−0.032%	$196K	$866K	20x	as long as short
Paragon para:CRDO	+0.1245%	1h	188.13	+0.106%	$1.3M	$460K	10x	as long as short