Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against GRVT+0.005%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1831.831% of the position

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.005%, 7d avg −0.040%

Together, before fees−0.148%+ Points / potential airdropGRVT: Active · farm board−$15 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: SunX is 0.045% dearer against GRVT than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CRDO_USDT_Perp	184.11	0	get 0.0000% / 8h	6h 58m	$422	$130K	10x
Short	SunX CRDO-USDT	184.12	0	get 0.0000% / 8h	6h 58m	$983	$418K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → −0.040%: $4.52
Slippage, 4 orders: −$166.15
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$178.63
Costs to cover: 1.831%
Break-even: never at this rate

Slippage from GRVT: live order book, 29 min ago; SunX: live order book, 42 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, 29 min ago	6.62 bp	18.5 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 42 min ago	47.78 bp	66.4 bp −$66	doesn't fit	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
Bitget CRDOUSDT	−0.0689%	8h	184.25	+0.076%	$1.8M	$1.9M	20x	as long as short
QFEX CRDO-USD	−0.0001%	1h	184.10	−0.005%	$1.1M	$2.2M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.74	−0.199%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	184.16	+0.025%	$4.0M	$9.7M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	184.22	+0.060%	$693K	$695K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	184.23	+0.065%	$939K	$1.8M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	184.08	−0.016%	$632K	$134K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	183.84	−0.149%	$200K	$132K	—	as long as short
GRVT CRDO_USDT_Perplong	0.0000%	8h	184.11	long leg	$422	$130K	10x
SunX CRDO-USDTshort	0.0000%	8h	184.12	+0.005%	$983	$418K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	184.45	+0.185%	$8K	$42K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	183.65	−0.253%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	184.07	−0.022%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	184.15	+0.022%	$191K	$880K	20x	as long as short
Paragon para:CRDO	+0.0870%	1h	184.41	+0.163%	$1.3M	$484K	10x	as long as short