Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.003%

Price spread now: QFEX against OKX−0.028%7-day average −0.053% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%−$1 on $10k

Price spread, last 7 days−0.038%−$4 · spread now −0.028%, 7d avg −0.053%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.026% dearer against OKX than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.053%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 4 days (−0.005% in total) that is about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRDO-USDT-SWAP	181.30	0	get 0.0000% / 8h	7h 25m	$900K	$1.7M	20x
Short	QFEX CRDO-USD	181.25	−0.0028	pay 0.0003% / 1h	25m 56s	$1.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$5.86
Price spread: −0.028% → −0.053%: $2.58
Slippage, 4 orders: −$37.19
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$60.47
Costs to cover: 0.572%
Break-even: never at this rate

Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago	4.96 bp	16.0 bp −$16	49.5 bp −$495	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	3.87 bp	9.9 bp −$10	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
GRVT CRDO_USDT_Perp	−0.1383%	8h	181.00	−0.164%	$977	$133K	10x	as long as short
Bitget CRDOUSDT	−0.0889%	8h	181.06	−0.132%	$1.7M	$1.9M	20x	as long as short
QFEX CRDO-USDshort	−0.0028%	1h	181.25	−0.028%	$1.1M	$2.3M	10x
Aster CRDOUSDT	0.0000%	8h	181.68	+0.210%	$36K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	181.17	−0.072%	$4.0M	$9.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	181.43	+0.072%	$681K	$726K	25x	as long as short
OKX CRDO-USDT-SWAPlong	0.0000%	8h	181.30	long leg	$900K	$1.7M	20x
Gate CRDO_USDT	0.0000%	8h	181.46	+0.088%	$624K	$138K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	180.96	−0.190%	$197K	$131K	—	as long as short
SunX CRDO-USDT	0.0000%	8h	181.43	+0.072%	$978	$430K	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	181.08	−0.121%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	181.25	−0.028%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	181.31	+0.006%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	181.30	0.000%	$190K	$851K	20x	as long as short
Paragon para:CRDO	+0.1011%	1h	181.58	+0.154%	$1.2M	$481K	10x	as long as short