Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0384%/8h= −42.0% APRpaid last 24h +0.012%

Price spread now: Extended against GRVT−0.148%52s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · Extended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Extended is 0.148% cheaper against GRVT than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	186.23	0.0424	pay 0.0424% / 8h	4h 50m	$918	$136K	10x
Short	Extended CRDO_24_5-USD	185.96	0.0040	get 0.0005% / 1h	50m 35s	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$80.64
Price spread: −0.148% → 0.000%: −$14.76
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$109.4
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 53 min ago; Extended: no order-book sample. 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 GRVT live order book, 53 min ago	2.16 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CRDO on 15 exchanges

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	−0.0043%	1h	185.87	−0.193%	$1.1M	$2.2M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	186.15	−0.041%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	186.07	−0.086%	$4.2M	$10.0M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	186.17	−0.032%	$683K	$714K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	186.16	−0.038%	$965K	$1.8M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	186.22	−0.005%	$644K	$140K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	186.06	−0.091%	$1.8M	$1.9M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	186.18	−0.029%	$203K	$131K	—	as long as short
SunX CRDO-USDT	0.0000%	8h	186.23	0.000%	$1K	$376K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	186.11	−0.064%	$8K	$41K	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRDO_24_5-USDshort	+0.0040%	1h	185.96	−0.148%	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	186.23	0.000%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	186.28	+0.027%	$193K	$969K	20x	as long as short
GRVT CRDO_USDT_Perplong	+0.0424%	8h	186.23	long leg	$918	$136K	10x
Paragon para:CRDO	+0.0711%	1h	186.34	+0.057%	$1.3M	$508K	10x	as long as short