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 +0.076%

Price spread now: Variational Omni against SunX−0.026%7-day average +0.005% · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.076%+$8 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.026%, 7d avg +0.005%

Together, before fees+0.103%+ Points / potential airdropVariational Omni: Active · farm board+$10 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: Variational Omni is 0.031% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRDO-USDT	187.29	0	get 0.0000% / 8h	1h 33m	$1K	$635K	10x
Short	Variational Omni CRDO	187.24	0	get 0.0000% / 8h	1h 33m	$200K	$33K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.005%: −$3.09
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.09
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 38 min ago; Variational Omni: RFQ quote, 50 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 SunX live order book, 38 min ago	46.00 bp	64.1 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 50 min ago	5.72 bp	doesn't fit	79.2 bp −$792	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	−0.0001%	1h	187.29	0.000%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	187.95	+0.354%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	187.50	+0.112%	$4.2M	$8.5M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	187.68	+0.208%	$736K	$838K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	187.51	+0.117%	$882K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.45	+0.085%	$651K	$139K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.60	+0.166%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	187.24	−0.026%	$200K	$33K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	187.22	−0.040%	$683	$148K	10x	as long as short
SunX CRDO-USDTlong	0.0000%	8h	187.29	long leg	$1K	$635K	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	187.52	+0.123%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.62	+0.175%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.36	+0.037%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.39	+0.053%	$190K	$943K	20x	as long as short
Paragon para:CRDO	+0.0552%	1h	187.66	+0.198%	$932K	$259K	10x	as long as short