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: Bitget against Extended−0.087%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Bitget

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.087% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRDO_24_5-USD	189.18	0.0040	pay 0.0005% / 1h	37m 56s	$1K	—	5x
Short	Bitget CRDOUSDT	189.01	0	get 0.0000% / 8h	5h 37m	$1.7M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$8.4
Price spread: −0.087% → 0.000%: −$8.72
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.12
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bitget: live order book, 4 min ago. 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 Bitget live order book, 4 min ago	5.82 bp	18.1 bp −$18	41.2 bp −$412	144.9 bp −$14.5K	doesn't fit

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
QFEX CRDO-USD	−0.0024%	1h	189.06	−0.061%	$1.1M	$2.9M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.29	+0.059%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.10	−0.040%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.25	+0.040%	$716K	$741K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.14	−0.019%	$920K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.16	−0.008%	$657K	$120K	20x	as long as short
Bitget CRDOUSDTshort	0.0000%	8h	189.01	−0.087%	$1.7M	$1.6M	20x
Variational Omni CRDO	0.0000%	8h	188.95	−0.117%	$221K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.05	−0.066%	$293	$116K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.78	−0.209%	$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	189.13	−0.024%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USDlong	+0.0040%	1h	189.18	long leg	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	189.13	−0.024%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.92	−0.135%	$197K	$893K	20x	as long as short
Paragon para:CRDO	+0.1657%	1h	189.68	+0.267%	$1.3M	$450K	10x	as long as short