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 −0.098%

Price spread now: OKX against GRVT+0.004%61s7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as 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−$730.735% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 3 days (all we have)−0.116%−$12 · spread now +0.004%, 7d avg −0.042%

Together, before fees−0.185%+ Points / potential airdropGRVT: Active · farm board−$18 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 0.047% dearer against GRVT than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.042%. The two prices were read 61 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	189.63	0	get 0.0000% / 8h	7h 54m	$582	$139K	10x
Short	OKX CRDO-USDT-SWAP	189.64	0	get 0.0000% / 8h	7h 54m	$908K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.042%: $4.65
Slippage, 4 orders: −$54.46
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$68.81
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from GRVT: live order book, 13 min ago; OKX: live order book, 2 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, 13 min ago	2.91 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	4.48 bp	21.4 bp −$21	49.3 bp −$493	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	−0.0028%	1h	189.71	+0.041%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.76	+0.069%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.69	+0.028%	$4.3M	$8.5M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.76	+0.067%	$730K	$817K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	189.64	+0.004%	$908K	$1.5M	20x
Gate CRDO_USDT	0.0000%	8h	189.73	+0.051%	$661K	$123K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.47	−0.086%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.77	+0.075%	$208K	$40K	—	as long as short
GRVT CRDO_USDT_Perplong	0.0000%	8h	189.63	long leg	$582	$139K	10x
SunX CRDO-USDT	0.0000%	8h	189.71	+0.041%	$1K	$602K	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	189.65	+0.009%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.70	+0.036%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.81	+0.094%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.55	−0.043%	$195K	$909K	20x	as long as short
Paragon para:CRDO	+0.0899%	1h	190.12	+0.257%	$1.3M	$445K	10x	as long as short