Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: GRVT against Extended+0.155%72s7-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 GRVT

What this pair did over the last

the charts below follow

Funding, last 6 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 · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.155% dearer against Extended than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. The two prices were read 72 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	Extended CRDO_24_5-USD	188.29	0.0040	pay 0.0005% / 1h	52m 01s	$1K	—	5x
Short	GRVT CRDO_USDT_Perp	188.58	0	get 0.0000% / 8h	3h 52m	$620	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.155%Rate

Funding earned: −$8.4
Price spread: +0.155% → 0.000%: $15.54
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$6.86
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; GRVT: live order book, 60 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 GRVT live order book, 60 min ago	2.11 bp	19.5 bp −$20	doesn't fit	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	−0.0009%	1h	188.30	+0.005%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.42	+0.070%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.18	−0.058%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.29	0.000%	$713K	$729K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.54	+0.133%	$949K	$1.3M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	188.41	+0.064%	$655K	$119K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.44	+0.080%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.30	+0.006%	$221K	$59K	—	as long as short
GRVT CRDO_USDT_Perpshort	0.0000%	8h	188.58	+0.155%	$620	$115K	10x
SunX CRDO-USDT	0.0000%	8h	187.55	−0.393%	$1K	$515K	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	188.35	+0.032%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USDlong	+0.0040%	1h	188.29	long leg	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	188.41	+0.064%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.35	+0.032%	$196K	$866K	20x	as long as short
Paragon para:CRDO	+0.1202%	1h	188.67	+0.202%	$1.3M	$460K	10x	as long as short