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: Bybit against GRVT+0.138%100s7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1101.096% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)−0.462%−$46 · spread now +0.138%, 7d avg +0.058%

Together, before fees−0.526%+ Points / potential airdropGRVT: Active · farm board−$53 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 0.080% dearer against GRVT than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.058%. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRDO_USDT_Perp	189.08	0	get 0.0000% / 8h	5h 33m	$293	$116K	10x
Short	Bybit CRDOUSDT	189.34	0	get 0.0000% / 8h	5h 33m	$716K	$740K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.058%: $7.97
Slippage, 4 orders: −$89.65
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$101.68
Costs to cover: 1.096%
Break-even: never at this rate

Slippage from GRVT: live order book, 24 min ago; Bybit: live order book, 26 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 GRVT live order book, 24 min ago	3.17 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 26 min ago	5.29 bp	16.7 bp −$17	182.0 bp −$1,820	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	189.13	+0.026%	$1.1M	$2.9M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.44	+0.189%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.24	+0.084%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDTshort	0.0000%	8h	189.34	+0.138%	$716K	$740K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	189.16	+0.042%	$920K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.24	+0.085%	$658K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.04	−0.021%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.10	+0.012%	$221K	$59K	—	as long as short
GRVT CRDO_USDT_Perplong	0.0000%	8h	189.08	long leg	$293	$116K	10x
SunX CRDO-USDT	0.0000%	8h	189.06	−0.011%	$1K	$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	189.14	+0.032%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.34	+0.138%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.20	+0.063%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.12	+0.021%	$197K	$892K	20x	as long as short
Paragon para:CRDO	+0.1588%	1h	189.61	+0.280%	$1.3M	$450K	10x	as long as short