Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against GRVT+0.078%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 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 · Vest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.078% dearer against GRVT than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

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 53m	$582	$139K	10x
Short	Vest CRDO-USD-PERP	189.78	0.0046	get 0.0006% / 1h	53m 34s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.078%Rate

Funding earned: $9.59
Price spread: +0.078% → 0.000%: $7.78
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: $6.38
Costs to cover: 0.110%
Break-even: 2.3 days

Slippage unknown: GRVT: live order book, 14 min ago; Vest: 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, 14 min ago	2.91 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 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	189.65	+0.009%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.75	+0.064%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.69	+0.029%	$4.3M	$8.5M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.75	+0.062%	$730K	$817K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.64	+0.004%	$907K	$1.5M	20x	as long as short
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	$599K	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	189.69	+0.033%	$1K	—	5x	as long as short
Vest CRDO-USD-PERPshort	+0.0046%	1h	189.78	+0.078%	—	—	5x
KuCoin CRDOUSDTM	+0.0100%	8h	189.59	−0.022%	$195K	$909K	20x	as long as short
Paragon para:CRDO	+0.0931%	1h	190.11	+0.252%	$1.3M	$445K	10x	as long as short