Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.003%

Price spread now: Variational Omni against QFEX+0.142%7-day average +0.027% · you sell dearer than you buy

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.142%, 7d avg +0.027%

Together, before fees+0.047%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Variational Omni is 0.115% dearer against QFEX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRDO-USD	187.68	−0.0009	get 0.0001% / 1h	50m 33s	$1.1M	$2.6M	10x
Short	Variational Omni CRDO	187.95	0	get 0.0000% / 8h	3h 50m	$220K	$59K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.142%Rate

Funding earned: $1.95
Price spread: +0.142% → +0.027%: $11.52
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.47
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: QFEX: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 QFEX live order book, 2 min ago	1.33 bp	9.6 bp −$10	16.7 bp −$167	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	5.26 bp	doesn't fit	90.1 bp −$901	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	−0.0009%	1h	187.68	long leg	$1.1M	$2.6M	10x
Aster CRDOUSDT	0.0000%	8h	187.96	+0.147%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	187.70	+0.011%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	187.91	+0.123%	$712K	$729K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	187.91	+0.123%	$948K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.98	+0.160%	$653K	$119K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.73	+0.027%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	187.95	+0.142%	$220K	$59K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	188.34	+0.351%	$793	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	187.22	−0.245%	$1K	$515K	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	188.07	+0.208%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.88	+0.107%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.88	+0.107%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.90	+0.117%	$195K	$866K	20x	as long as short
Paragon para:CRDO	+0.1245%	1h	188.13	+0.240%	$1.3M	$460K	10x	as long as short