Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.033%

Price spread now: KuCoin against QFEX+0.044%7-day average +0.004% · 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−$489as in the Price arb table

costs, in and out, $10k−$4934.933% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.116%+$12 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.044%, 7d avg +0.004%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.040% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRDO-USD	181.49	0.0013	pay 0.0002% / 1h	26m 49s	$1.1M	$2.3M	10x
Short	KuCoin CRDOUSDTM	181.57	0.0100	get 0.0100% / 8h	1h 26m	$192K	$839K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.044%Rate

Funding earned: $18.28
Price spread: +0.044% → +0.004%: $3.97
Slippage, 4 orders: −$471.28
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$471.03
Costs to cover: 4.933%
Break-even: 187.4 days

Slippage from QFEX: live order book, 6 min ago; KuCoin: live order book, 72 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, 6 min ago	1.11 bp	9.9 bp −$10	18.7 bp −$187	doesn't fit	doesn't fit
Sell KuCoin live order book, 72 min ago	5.22 bp	220.5 bp −$220	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
Bitget CRDOUSDT	−0.1976%	8h	181.65	+0.088%	$1.7M	$1.8M	20x	as long as short
Aster CRDOUSDT	0.0000%	8h	181.74	+0.136%	$37K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	181.48	−0.006%	$4.0M	$9.4M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	181.59	+0.055%	$693K	$783K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	181.57	+0.044%	$912K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	181.60	+0.061%	$623K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	181.09	−0.219%	$196K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	181.08	−0.226%	$460	$134K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	181.37	−0.066%	$1K	$498K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	181.47	−0.011%	$8K	$41K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRDO-USDlong	+0.0013%	1h	181.49	long leg	$1.1M	$2.3M	10x
Extended CRDO_24_5-USD	+0.0040%	1h	181.69	+0.107%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	181.66	+0.094%	—	—	5x	as long as short
KuCoin CRDOUSDTMshort	+0.0100%	8h	181.57	+0.044%	$192K	$839K	20x
Paragon para:CRDO	+0.1048%	1h	182.02	+0.292%	$1.2M	$488K	10x	as long as short