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: Bitget against Gate+0.064%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1211.207% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.064%, 7d avg +0.039%

Together, before fees+0.067%+$7 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: Bitget is 0.025% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRDO_USDT	188.75	0	get 0.0000% / 8h	6h 29m	$656K	$120K	20x
Short	Bitget CRDOUSDT	188.87	0	get 0.0000% / 8h	6h 29m	$1.7M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → +0.039%: $2.5
Slippage, 4 orders: −$93.7
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$118.2
Costs to cover: 1.207%
Break-even: never at this rate

Slippage from Gate: live order book, 37 min ago; Bitget: live order book, 2 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, 37 min ago	6.82 bp	62.1 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	7.43 bp	17.7 bp −$18	51.6 bp −$516	178.4 bp −$17.8K	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
QFEX CRDO-USD	−0.0017%	1h	188.91	+0.085%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.12	+0.196%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.90	+0.079%	$4.2M	$8.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.98	+0.122%	$714K	$779K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.90	+0.079%	$909K	$1.4M	20x	as long as short
Gate CRDO_USDTlong	0.0000%	8h	188.75	long leg	$656K	$120K	20x
Bitget CRDOUSDTshort	0.0000%	8h	188.87	+0.064%	$1.7M	$1.6M	20x
Variational Omni CRDO	0.0000%	8h	188.47	−0.151%	$220K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.52	−0.119%	$249	$131K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.29	−0.244%	$1K	$551K	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	188.58	−0.090%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.82	+0.037%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.74	−0.005%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.83	+0.042%	$195K	$898K	20x	as long as short
Paragon para:CRDO	+0.1874%	1h	189.30	+0.291%	$1.3M	$470K	10x	as long as short