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: Binance against SunX+0.139%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1641.639% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 2 days (all we have)−0.122%−$12 · spread now +0.139%, 7d avg −0.002%

Together, before fees+0.034%+$3 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: Binance is 0.141% dearer against SunX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRDO-USDT	188.87	0	get 0.0000% / 8h	6h 23m	$1K	$550K	10x
Short	Binance CRDOUSDT	189.13	0	get 0.0000% / 8h	6h 23m	$4.2M	$8.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → −0.002%: $14.05
Slippage, 4 orders: −$145.9
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$149.85
Costs to cover: 1.639%
Break-even: never at this rate

Slippage from SunX: live order book, 17 min ago; Binance: live order book, 15 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 SunX live order book, 17 min ago	46.90 bp	65.5 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.86 bp	17.1 bp −$17	39.2 bp −$392	136.7 bp −$13.7K	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	189.05	+0.095%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.27	+0.212%	$38K	$11K	20x	as long as short
Binance CRDOUSDTshort	0.0000%	8h	189.13	+0.139%	$4.2M	$8.2M	20x
Bybit CRDOUSDT	0.0000%	8h	189.22	+0.185%	$715K	$745K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.21	+0.180%	$910K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.15	+0.148%	$658K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.20	+0.175%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.98	+0.058%	$221K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.84	−0.016%	$238	$130K	10x	as long as short
SunX CRDO-USDTlong	0.0000%	8h	188.87	long leg	$1K	$550K	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	189.13	+0.138%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.26	+0.206%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.27	+0.212%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.06	+0.101%	$195K	$900K	20x	as long as short
Paragon para:CRDO	+0.1792%	1h	189.68	+0.429%	$1.3M	$470K	10x	as long as short