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: Binance against Variational Omni−0.063%7-day average −0.002% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.321%+$32 · spread now −0.063%, 7d avg −0.002%

Together, before fees+0.325%+ Points / potential airdropVariational Omni: Active · farm board+$33 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 0.061% cheaper against Variational Omni than usual: you would sell low and buy high, −$6 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	Variational Omni CRDO	180.99	0	get 0.0000% / 8h	1h 35m	$196K	$133K	—
Short	Binance CRDOUSDT	180.88	0	get 0.0000% / 8h	1h 35m	$4.0M	$9.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.002%: −$6.05
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$16.05
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 9 min ago; Binance: live order book, 4 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 Variational Omni RFQ quote, 9 min ago	6.28 bp	doesn't fit	107.4 bp −$1,074	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	2.21 bp	12.7 bp −$13	58.9 bp −$589	137.0 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
Bitget CRDOUSDT	−0.1974%	8h	181.31	+0.175%	$1.7M	$1.8M	20x	as long as short
Aster CRDOUSDT	0.0000%	8h	181.01	+0.009%	$36K	$10K	20x	as long as short
Binance CRDOUSDTshort	0.0000%	8h	180.88	−0.063%	$4.0M	$9.4M	20x
Bybit CRDOUSDT	0.0000%	8h	181.05	+0.031%	$689K	$782K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	180.99	−0.002%	$907K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	181.11	+0.064%	$622K	$139K	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	180.99	long leg	$196K	$133K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	181.14	+0.081%	$648	$134K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	180.86	−0.074%	$1K	$498K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	180.92	−0.041%	$8K	$41K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRDO-USD	+0.0013%	1h	180.87	−0.068%	$1.1M	$2.3M	10x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	181.00	+0.004%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	181.13	+0.076%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	181.06	+0.037%	$190K	$840K	20x	as long as short
Paragon para:CRDO	+0.0967%	1h	181.58	+0.327%	$1.2M	$488K	10x	as long as short