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: Binance against Gate−0.130%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1471.470% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.130%, 7d avg −0.027%

Together, before fees+0.280%+$28 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: Binance is 0.103% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRDO_USDT	181.37	0	get 0.0000% / 8h	1h 36m	$623K	$139K	20x
Short	Binance CRDOUSDT	181.13	0	get 0.0000% / 8h	1h 36m	$4.0M	$9.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.130%Rate

Funding earned: $0
Price spread: −0.130% → −0.027%: −$10.29
Slippage, 4 orders: −$122.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$157.33
Costs to cover: 1.470%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Binance: live order book, 3 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 Gate live order book, 5 min ago	9.10 bp	27.6 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.21 bp	12.7 bp −$13	58.9 bp −$589	137.0 bp −$13.7K	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
Bitget CRDOUSDT	−0.1966%	8h	181.71	+0.187%	$1.7M	$1.8M	20x	as long as short
Aster CRDOUSDT	0.0000%	8h	181.31	−0.031%	$36K	$10K	20x	as long as short
Binance CRDOUSDTshort	0.0000%	8h	181.13	−0.130%	$4.0M	$9.4M	20x
Bybit CRDOUSDT	0.0000%	8h	181.35	−0.011%	$690K	$781K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	181.24	−0.072%	$908K	$1.6M	20x	as long as short
Gate CRDO_USDTlong	0.0000%	8h	181.37	long leg	$623K	$139K	20x
Variational Omni CRDO	0.0000%	8h	181.10	−0.150%	$197K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	181.26	−0.061%	$649	$134K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	181.25	−0.066%	$1K	$498K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	180.95	−0.232%	$8K	$41K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRDO-USD	+0.0013%	1h	181.24	−0.072%	$1.1M	$2.3M	10x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	181.34	−0.017%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	181.34	−0.017%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	181.19	−0.099%	$191K	$840K	20x	as long as short
Paragon para:CRDO	+0.0953%	1h	181.74	+0.203%	$1.2M	$488K	10x	as long as short