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: Bitget against SunX+0.506%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1651.654% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 4 days (all we have)−0.497%−$50 · spread now +0.506%, 7d avg +0.073%

Together, before fees−0.370%−$37 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: Bitget is 0.433% dearer against SunX than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRDO-USDT	187.82	0	get 0.0000% / 8h	3h 59m	$1K	$514K	10x
Short	Bitget CRDOUSDT	188.77	0	get 0.0000% / 8h	3h 59m	$1.7M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.506%Rate

Funding earned: $0
Price spread: +0.506% → +0.073%: $43.3
Slippage, 4 orders: −$145.38
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$122.08
Costs to cover: 1.654%
Break-even: never at this rate

Slippage from SunX: live order book, 22 min ago; Bitget: live order book, 3 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, 22 min ago	46.69 bp	65.0 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.44 bp	12.7 bp −$13	22.8 bp −$228	94.6 bp −$9,460	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	−0.0009%	1h	188.54	+0.383%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.85	+0.546%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.54	+0.381%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.70	+0.469%	$715K	$730K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.73	+0.485%	$950K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	188.71	+0.474%	$656K	$119K	20x	as long as short
Bitget CRDOUSDTshort	0.0000%	8h	188.77	+0.506%	$1.7M	$1.6M	20x
Variational Omni CRDO	0.0000%	8h	188.86	+0.552%	$221K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.01	+0.635%	$622	$115K	10x	as long as short
SunX CRDO-USDTlong	0.0000%	8h	187.82	long leg	$1K	$514K	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	188.70	+0.469%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.64	+0.437%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.68	+0.458%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.67	+0.453%	$196K	$869K	20x	as long as short
Paragon para:CRDO	+0.0886%	1h	188.83	+0.537%	$1.3M	$460K	10x	as long as short