Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: Aster against Extended+0.033%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.033% dearer against Extended than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRDO_24_5-USD	189.17	0.0040	pay 0.0005% / 1h	39m 37s	$1K	—	5x
Short	Aster CRDOUSDT	189.23	0	get 0.0000% / 8h	5h 39m	$38K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$8.4
Price spread: +0.033% → 0.000%: $3.31
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.09
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Aster: 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 Extended no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Extended and Aster: 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
QFEX CRDO-USD	−0.0024%	1h	189.02	−0.079%	$1.1M	$2.9M	10x	as long as short
Aster CRDOUSDTshort	0.0000%	8h	189.23	+0.033%	$38K	$11K	20x
Binance CRDOUSDT	0.0000%	8h	189.11	−0.032%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.20	+0.016%	$716K	$741K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.10	−0.037%	$920K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.12	−0.026%	$657K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.00	−0.090%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.95	−0.115%	$221K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.05	−0.063%	$293	$116K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.78	−0.206%	$991	$517K	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	188.96	−0.111%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USDlong	+0.0040%	1h	189.17	long leg	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	189.12	−0.026%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.85	−0.169%	$196K	$893K	20x	as long as short
Paragon para:CRDO	+0.1659%	1h	189.61	+0.233%	$1.3M	$450K	10x	as long as short