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: OKX against Gate+0.115%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1861.863% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.115%, 7d avg −0.027%

Together, before fees+0.087%+$9 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: OKX is 0.142% dearer against Gate than usual: you sell high and buy low, +$14 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	182.62	0	get 0.0000% / 8h	2h 12m	$627K	$139K	20x
Short	OKX CRDO-USDT-SWAP	182.83	0	get 0.0000% / 8h	2h 12m	$923K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → −0.027%: $14.16
Slippage, 4 orders: −$161.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$172.18
Costs to cover: 1.863%
Break-even: never at this rate

Slippage from Gate: live order book, 34 min ago; OKX: live order book, 5 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, 34 min ago	6.80 bp	70.6 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	5.23 bp	15.5 bp −$16	49.6 bp −$496	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
Bitget CRDOUSDT	−0.1985%	8h	182.76	+0.077%	$1.7M	$1.8M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	182.45	−0.093%	$1.1M	$2.4M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	182.58	−0.021%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.75	+0.073%	$4.0M	$9.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.77	+0.082%	$704K	$773K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	182.83	+0.115%	$923K	$1.6M	20x
Gate CRDO_USDTlong	0.0000%	8h	182.62	long leg	$627K	$139K	20x
Variational Omni CRDO	0.0000%	8h	181.62	−0.550%	$197K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	181.48	−0.625%	$976	$130K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.04	−0.318%	$735	$508K	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	182.27	−0.192%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.66	+0.019%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.33	−0.159%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.47	−0.082%	$194K	$844K	20x	as long as short
Paragon para:CRDO	+0.0888%	1h	182.60	−0.011%	$1.2M	$488K	10x	as long as short