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: Gate against QFEX+0.074%7-day average +0.048% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$980.981% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.074%, 7d avg +0.048%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.026% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRDO-USD	189.41	−0.0026	get 0.0003% / 1h	43m 53s	$1.1M	$2.6M	10x
Short	Gate CRDO_USDT	189.55	0	get 0.0000% / 8h	4h 43m	$659K	$120K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against QFEX. 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 QFEXbpFee GatebpOrdersPrice spread, now +0.074%Rate

Funding earned: $5.53
Price spread: +0.074% → +0.048%: $2.63
Slippage, 4 orders: −$73.15
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.99
Costs to cover: 0.981%
Break-even: 121.0 days

Slippage from QFEX: live order book, 4 min ago; Gate: live order book, 12 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 QFEX live order book, 4 min ago	1.32 bp	9.4 bp −$9	15.0 bp −$150	doesn't fit	doesn't fit
Sell Gate live order book, 12 min ago	5.53 bp	48.1 bp −$48	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-USDlong	−0.0026%	1h	189.41	long leg	$1.1M	$2.6M	10x
Aster CRDOUSDT	0.0000%	8h	189.65	+0.127%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.61	+0.106%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.61	+0.106%	$718K	$739K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.58	+0.090%	$917K	$1.4M	20x	as long as short
Gate CRDO_USDTshort	0.0000%	8h	189.55	+0.074%	$659K	$120K	20x
Bitget CRDOUSDT	0.0000%	8h	189.47	+0.032%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.37	−0.018%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.45	+0.020%	$443	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.46	+0.026%	$890	$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-USDT	0.0000%	8h	189.31	−0.053%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.51	+0.055%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.50	+0.048%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.44	+0.016%	$197K	$888K	20x	as long as short
Paragon para:CRDO	+0.1776%	1h	190.05	+0.336%	$1.3M	$460K	10x	as long as short