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: Variational Omni against Gate−0.083%7-day average −0.022% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.083%, 7d avg −0.022%

Together, before fees+0.348%+ Points / potential airdropVariational Omni: Active · farm board+$35 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: Variational Omni is 0.061% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRDO_USDT	189.11	0	get 0.0000% / 8h	5h 40m	$657K	$120K	20x
Short	Variational Omni CRDO	188.95	0	get 0.0000% / 8h	5h 40m	$221K	$59K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.083%Rate

Funding earned: $0
Price spread: −0.083% → −0.022%: −$6.14
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$21.14
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 21 min ago; Variational Omni: RFQ quote, 23 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 Gate live order book, 21 min ago	7.93 bp	75.1 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 23 min ago	5.66 bp	doesn't fit	87.8 bp −$878	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	−0.0024%	1h	188.98	−0.069%	$1.1M	$2.9M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.18	+0.038%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.04	−0.036%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.19	+0.042%	$716K	$741K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.10	−0.005%	$920K	$1.4M	20x	as long as short
Gate CRDO_USDTlong	0.0000%	8h	189.11	long leg	$657K	$120K	20x
Bitget CRDOUSDT	0.0000%	8h	189.00	−0.058%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	188.95	−0.083%	$221K	$59K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	189.05	−0.032%	$293	$116K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.78	−0.175%	$991	$517K	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	188.96	−0.079%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.16	+0.026%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.11	0.000%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.82	−0.153%	$195K	$893K	20x	as long as short
Paragon para:CRDO	+0.1658%	1h	189.61	+0.264%	$1.3M	$450K	10x	as long as short