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: SunX against Bybit+0.032%46s7-day average −0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$204as 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−$1891.891% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$15 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.032%, 7d avg −0.085%

Together, before fees−0.219%−$22 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: SunX is 0.117% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.085%. The two prices were read 46 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	189.11	0	get 0.0000% / 8h	5h 58m	$714K	$741K	25x
Short	SunX CRDO-USDT	189.17	0	get 0.0000% / 8h	5h 58m	$1K	$522K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.085%: $11.68
Slippage, 4 orders: −$170.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$177.39
Costs to cover: 1.891%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; SunX: live order book, 43 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, 1 min ago	5.29 bp	40.8 bp −$41	209.8 bp −$2,098	doesn't fit	doesn't fit
Sell SunX live order book, 43 min ago	46.90 bp	66.1 bp −$66	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	−0.0024%	1h	188.97	−0.074%	$1.1M	$2.9M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.00	−0.060%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.14	+0.016%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDTlong	0.0000%	8h	189.11	long leg	$714K	$741K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	189.21	+0.053%	$917K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	188.88	−0.122%	$656K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.97	−0.074%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.13	+0.009%	$221K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.00	−0.060%	$321	$115K	10x	as long as short
SunX CRDO-USDTshort	0.0000%	8h	189.17	+0.032%	$1K	$522K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	188.94	−0.090%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.08	−0.013%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.97	−0.074%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.71	−0.212%	$196K	$896K	20x	as long as short
Paragon para:CRDO	+0.1809%	1h	189.24	+0.069%	$1.3M	$449K	10x	as long as short