Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.127%

Price spread now: Bybit against Extended+0.379%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 Bybit

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

The price spread pays, funding is against you. Bybit is 0.379% dearer against Extended than usual: you sell high and buy low (spread +0.379% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRDO_24_5-USD	188.87	0.0040	pay 0.0005% / 1h	58m 07s	$1K	—	5x
Short	Bybit CRDOUSDT	189.58	0	get 0.0000% / 8h	7h 58m	$728K	$818K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.379%Rate

Funding earned: −$8.4
Price spread: +0.379% → 0.000%: $37.86
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $13.46
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 12 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 Bybit live order book, 12 min ago	1.59 bp	12.9 bp −$13	182.7 bp −$1,827	doesn't fit	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	−0.0028%	1h	189.18	+0.167%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.49	+0.332%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.48	+0.327%	$4.3M	$8.5M	20x	as long as short
Bybit CRDOUSDTshort	0.0000%	8h	189.58	+0.379%	$728K	$818K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	189.56	+0.368%	$909K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.37	+0.267%	$659K	$123K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.20	+0.177%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.75	−0.058%	$207K	$40K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.84	−0.014%	$606	$139K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.78	−0.045%	$1K	$606K	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	188.89	+0.013%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USDlong	+0.0040%	1h	188.87	long leg	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	189.26	+0.209%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.20	+0.177%	$193K	$911K	20x	as long as short
Paragon para:CRDO	+0.1434%	1h	189.30	+0.228%	$1.3M	$445K	10x	as long as short