Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX+0.140%57s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1651.650% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.140%, 7d avg +0.019%

Together, before fees−0.038%−$4 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: OKX is 0.121% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRDO-USDT	185.10	0	get 0.0000% / 8h	5h 27m	$1K	$380K	10x
Short	OKX CRDO-USDT-SWAP	185.36	0	get 0.0000% / 8h	5h 27m	$945K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.019%: $12.15
Slippage, 4 orders: −$147
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$152.85
Costs to cover: 1.650%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; OKX: live order book, 2 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, 7 min ago	45.96 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	4.59 bp	11.8 bp −$12	34.4 bp −$344	doesn't fit	doesn't fit

CRDO on 15 exchanges

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	−0.0091%	8h	185.31	+0.113%	$1.8M	$1.9M	20x	as long as short
QFEX CRDO-USD	−0.0003%	1h	184.97	−0.070%	$1.1M	$2.2M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	185.42	+0.174%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	185.16	+0.032%	$4.0M	$9.8M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	185.22	+0.065%	$676K	$712K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	185.36	+0.140%	$945K	$1.8M	20x
Gate CRDO_USDT	0.0000%	8h	185.13	+0.016%	$641K	$141K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	184.99	−0.061%	$201K	$131K	—	as long as short
SunX CRDO-USDTlong	0.0000%	8h	185.10	long leg	$1K	$380K	10x
HTX CRDO-USDT	0.0000%	8h	185.21	+0.059%	$8K	$41K	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRDO_24_5-USD	+0.0040%	1h	185.00	−0.053%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	185.33	+0.124%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	185.16	+0.032%	$191K	$951K	20x	as long as short
GRVT CRDO_USDT_Perp	+0.0442%	8h	184.99	−0.059%	$462	$133K	10x	as long as short
Paragon para:CRDO	+0.0551%	1h	185.39	+0.157%	$1.2M	$503K	10x	as long as short