Funding arb · Price arb /

CRDO

RWAall CRDO markets

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 +0.022%

Price spread now: GRVT against Variational Omni+0.113%7-day average +0.030% · you sell dearer than you buy

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.113%, 7d avg +0.030%

Together, before fees−0.069%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$7 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: GRVT is 0.083% dearer against Variational Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	188.10	0	get 0.0000% / 8h	51m 07s	$201K	$34K	—
Short	GRVT CRDO_USDT_Perp	188.31	0	get 0.0000% / 8h	51m 07s	$751	$142K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.113%Rate

Funding earned: $0
Price spread: +0.113% → +0.030%: $8.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$0.69
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 28 min ago; GRVT: live order book, 25 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, 28 min ago	5.69 bp	doesn't fit	69.3 bp −$693	doesn't fit	doesn't fit
Sell GRVT live order book, 25 min ago	3.46 bp	16.8 bp −$17	doesn't fit	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	−0.0027%	1h	188.37	+0.144%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.49	+0.210%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.46	+0.190%	$4.2M	$8.5M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.50	+0.213%	$730K	$821K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.49	+0.208%	$887K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	188.58	+0.255%	$656K	$140K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.49	+0.208%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	188.10	long leg	$201K	$34K	—
GRVT CRDO_USDT_Perpshort	0.0000%	8h	188.31	+0.113%	$751	$142K	10x
SunX CRDO-USDT	0.0000%	8h	188.04	−0.032%	$850	$620K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	188.49	+0.208%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.51	+0.218%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.42	+0.170%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.34	+0.128%	$192K	$928K	20x	as long as short
Paragon para:CRDO	+0.0546%	1h	188.58	+0.255%	$937K	$252K	10x	as long as short