Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.139%

Price spread now: Bybit against SunX−0.005%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2052.046% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 3 days (all we have)+0.005%+$1 · spread now −0.005%, 7d avg +0.087%

Together, before fees+0.192%+$19 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: Bybit is 0.092% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRDO-USDT	186.97	0	get 0.0000% / 8h	2h 27m	$1K	$662K	10x
Short	Bybit CRDOUSDT	186.96	0	get 0.0000% / 8h	2h 27m	$733K	$874K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → +0.087%: −$9.21
Slippage, 4 orders: −$185.56
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$213.77
Costs to cover: 2.046%
Break-even: never at this rate

Slippage from SunX: live order book, 54 min ago; Bybit: live order book, 57 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, 54 min ago	46.00 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 57 min ago	7.22 bp	18.4 bp −$18	190.5 bp −$1,905	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-USD	−0.0007%	1h	186.95	−0.011%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	186.96	−0.005%	$38K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	186.99	+0.008%	$4.2M	$8.8M	20x	as long as short
Bybit CRDOUSDTshort	0.0000%	8h	186.96	−0.005%	$733K	$874K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	186.96	−0.005%	$881K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	186.97	0.000%	$650K	$145K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.08	+0.059%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	186.87	−0.055%	$200K	$33K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	186.94	−0.018%	$445	$156K	10x	as long as short
SunX CRDO-USDTlong	0.0000%	8h	186.97	long leg	$1K	$662K	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	186.95	−0.011%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.13	+0.083%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.01	+0.021%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	186.94	−0.016%	$189K	$961K	20x	as long as short
Paragon para:CRDO	+0.0151%	1h	187.11	+0.074%	$894K	$240K	10x	as long as short