Funding arb · Price arb /

CRDO

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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: Variational Omni against OKX−0.332%7-day average +0.007% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.422%+$42 · spread now −0.332%, 7d avg +0.007%

Together, before fees+0.498%+ Points / potential airdropVariational Omni: Active · farm board+$50 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: Variational Omni is 0.339% cheaper against OKX than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRDO-USDT-SWAP	182.22	0	get 0.0000% / 8h	2h 13m	$921K	$1.6M	20x
Short	Variational Omni CRDO	181.62	0	get 0.0000% / 8h	2h 13m	$197K	$133K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.332%Rate

Funding earned: $0
Price spread: −0.332% → +0.007%: −$33.93
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$43.93
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 36 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 OKX live order book, 4 min ago	5.23 bp	18.3 bp −$18	58.1 bp −$581	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 36 min ago	5.76 bp	doesn't fit	94.2 bp −$942	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	−0.1991%	8h	182.33	+0.060%	$1.7M	$1.8M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	182.17	−0.027%	$1.1M	$2.4M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	182.22	−0.002%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.27	+0.029%	$4.0M	$9.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.26	+0.022%	$702K	$773K	25x	as long as short
OKX CRDO-USDT-SWAPlong	0.0000%	8h	182.22	long leg	$921K	$1.6M	20x
Gate CRDO_USDT	0.0000%	8h	182.25	+0.016%	$626K	$139K	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	181.62	−0.332%	$197K	$133K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	181.48	−0.406%	$976	$130K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.04	−0.099%	$735	$509K	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	181.22	−0.549%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.09	−0.069%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.08	−0.077%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.08	−0.077%	$194K	$843K	20x	as long as short
Paragon para:CRDO	+0.0886%	1h	182.40	+0.101%	$1.2M	$488K	10x	as long as short