Funding arb · Price arb /

CRDO

RWAall CRDO markets

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: Bybit against Gate+0.079%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1381.377% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.079%, 7d avg +0.056%

Together, before fees+0.189%+$19 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: Bybit is 0.024% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRDO_USDT	188.87	0	get 0.0000% / 8h	6h 26m	$657K	$120K	20x
Short	Bybit CRDOUSDT	189.02	0	get 0.0000% / 8h	6h 26m	$715K	$745K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.056%: $2.37
Slippage, 4 orders: −$111.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$135.29
Costs to cover: 1.377%
Break-even: never at this rate

Slippage from Gate: live order book, 40 min ago; Bybit: live order book, 38 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, 40 min ago	6.82 bp	62.1 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 38 min ago	3.67 bp	14.9 bp −$15	375.1 bp −$3,751	doesn't fit	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	188.82	−0.026%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.04	+0.091%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.90	+0.014%	$4.2M	$8.2M	20x	as long as short
Bybit CRDOUSDTshort	0.0000%	8h	189.02	+0.079%	$715K	$745K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	188.87	0.000%	$909K	$1.4M	20x	as long as short
Gate CRDO_USDTlong	0.0000%	8h	188.87	long leg	$657K	$120K	20x
Bitget CRDOUSDT	0.0000%	8h	188.91	+0.021%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.47	−0.214%	$220K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.92	+0.028%	$238	$130K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.87	0.000%	$954	$550K	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	188.85	−0.011%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.03	+0.082%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.91	+0.021%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.83	−0.021%	$195K	$900K	20x	as long as short
Paragon para:CRDO	+0.1853%	1h	189.30	+0.228%	$1.3M	$470K	10x	as long as short