Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.9% APRpaid last 24h −0.003%

Price spread now: QFEX against GRVT+0.016%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$600.602% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.016%, 7d avg −0.055%

Together, before fees−0.265%+ Points / potential airdropGRVT: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.070% dearer against GRVT than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.055%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.9 days. At the pace of the last 4 days (−0.090% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRDO_USDT_Perp	189.45	0	get 0.0000% / 8h	4h 21m	$417	$114K	10x
Short	QFEX CRDO-USD	189.48	−0.0026	pay 0.0003% / 1h	21m 08s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against GRVT. 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 GRVTbpFee QFEXbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$5.53
Price spread: +0.016% → −0.055%: $7.05
Slippage, 4 orders: −$41.23
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$58.71
Costs to cover: 0.602%
Break-even: never at this rate

Slippage from GRVT: live order book, 31 min ago; QFEX: live order book, 6 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, 31 min ago	2.11 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.32 bp	11.1 bp −$11	15.7 bp −$157	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-USDshort	−0.0026%	1h	189.48	+0.016%	$1.1M	$2.6M	10x
Aster CRDOUSDT	0.0000%	8h	189.71	+0.138%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.57	+0.064%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.72	+0.143%	$718K	$729K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.58	+0.069%	$949K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.58	+0.069%	$659K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.61	+0.084%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.25	−0.103%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perplong	0.0000%	8h	189.45	long leg	$417	$114K	10x
SunX CRDO-USDT	0.0000%	8h	188.72	−0.385%	$1K	$512K	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	189.76	+0.164%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.64	+0.103%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.46	+0.005%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.44	−0.005%	$197K	$881K	20x	as long as short
Paragon para:CRDO	+0.1600%	1h	189.87	+0.222%	$1.3M	$460K	10x	as long as short