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: OKX against Bybit+0.071%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1171.172% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.071%, 7d avg −0.077%

Together, before fees−0.165%−$16 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: OKX is 0.148% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	183.08	0	get 0.0000% / 8h	18m 39s	$689K	$751K	25x
Short	OKX CRDO-USDT-SWAP	183.21	0	get 0.0000% / 8h	18m 39s	$912K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.077%: $14.75
Slippage, 4 orders: −$96.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$102.44
Costs to cover: 1.172%
Break-even: never at this rate

Slippage from Bybit: live order book, 16 min ago; OKX: live order book, 3 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, 16 min ago	4.64 bp	46.7 bp −$47	174.5 bp −$1,745	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	4.91 bp	18.0 bp −$18	36.0 bp −$360	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
Bitget CRDOUSDT	−0.1108%	8h	183.30	+0.120%	$1.7M	$1.9M	20x	as long as short
QFEX CRDO-USD	−0.0043%	1h	183.01	−0.038%	$1.1M	$2.3M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.09	+0.008%	$37K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	183.00	−0.046%	$4.0M	$9.6M	20x	as long as short
Bybit CRDOUSDTlong	0.0000%	8h	183.08	long leg	$689K	$751K	25x
OKX CRDO-USDT-SWAPshort	0.0000%	8h	183.21	+0.071%	$912K	$1.7M	20x
Gate CRDO_USDT	0.0000%	8h	183.29	+0.115%	$629K	$138K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	182.94	−0.075%	$199K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	183.10	+0.012%	$632	$135K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	183.02	−0.033%	$981	$483K	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	182.77	−0.169%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	183.20	+0.066%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	183.11	+0.016%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.98	−0.055%	$192K	$817K	20x	as long as short
Paragon para:CRDO	+0.1009%	1h	183.26	+0.098%	$1.3M	$479K	10x	as long as short