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 HTX−0.005%7-day average — · you buy dearer than you sell

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

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CRDO-USDT	189.59	0	get 0.0000% / 8h	4h 42m	$8K	$40K	20x
Short	QFEX CRDO-USD	189.58	−0.0026	pay 0.0003% / 1h	42m 04s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$5.53
Price spread: −0.005% → 0.000%: −$0.53
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$28.05
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 5 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 5 min ago	1.32 bp	9.9 bp −$10	16.1 bp −$161	doesn't fit	doesn't fit

HTX: 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-USDshort	−0.0026%	1h	189.58	−0.005%	$1.1M	$2.6M	10x
Aster CRDOUSDT	0.0000%	8h	189.82	+0.119%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.63	+0.021%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.67	+0.042%	$718K	$737K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.75	+0.084%	$919K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.68	+0.047%	$659K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.48	−0.058%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.37	−0.113%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.46	−0.068%	$443	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.48	−0.058%	$932	$514K	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-USDTlong	0.0000%	8h	189.59	long leg	$8K	$40K	20x
Extended CRDO_24_5-USD	+0.0040%	1h	189.59	0.000%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.65	+0.032%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.61	+0.011%	$197K	$887K	20x	as long as short
Paragon para:CRDO	+0.1741%	1h	190.06	+0.248%	$1.3M	$460K	10x	as long as short