Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against OKX−0.085%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1791.794% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.085%, 7d avg −0.001%

Together, before fees−0.054%−$5 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 0.084% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRDO-USDT-SWAP	188.80	0	get 0.0000% / 8h	6h 40m	$911K	$1.4M	20x
Short	SunX CRDO-USDT	188.64	0	get 0.0000% / 8h	6h 40m	$970	$552K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.001%: −$8.41
Slippage, 4 orders: −$161.37
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$187.78
Costs to cover: 1.794%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; SunX: live order book, 70 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	3.44 bp	22.0 bp −$22	60.0 bp −$600	doesn't fit	doesn't fit
Sell SunX live order book, 70 min ago	46.88 bp	65.9 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
QFEX CRDO-USD	−0.0017%	1h	188.55	−0.132%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.74	−0.031%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.70	−0.050%	$4.2M	$8.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.67	−0.069%	$713K	$811K	25x	as long as short
OKX CRDO-USDT-SWAPlong	0.0000%	8h	188.80	long leg	$911K	$1.4M	20x
Gate CRDO_USDT	0.0000%	8h	188.70	−0.053%	$656K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.72	−0.042%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.67	−0.071%	$221K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.43	+0.336%	$256	$132K	10x	as long as short
SunX CRDO-USDTshort	0.0000%	8h	188.64	−0.085%	$970	$552K	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	188.74	−0.032%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.84	+0.021%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.59	−0.111%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.65	−0.079%	$195K	$898K	20x	as long as short
Paragon para:CRDO	+0.1803%	1h	189.24	+0.233%	$1.3M	$463K	10x	as long as short