Funding arb · Price arb /

CRDO

RWAall CRDO markets

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: OKX against Variational Omni+0.060%7-day average −0.011% · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.076%−$8 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.060%, 7d avg −0.011%

Together, before fees−0.229%+ Points / potential airdropVariational Omni: Active · farm board−$23 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 0.071% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	187.05	0	get 0.0000% / 8h	3h 29m	$233K	$105K	—
Short	OKX CRDO-USDT-SWAP	187.16	0	get 0.0000% / 8h	3h 29m	$942K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Variational Omni. 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 Variational OmnibpFee OKXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.011%: $7.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$2.89
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 24 min ago; OKX: live order book, 2 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, 24 min ago	5.26 bp	doesn't fit	91.4 bp −$914	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	5.88 bp	14.5 bp −$15	34.3 bp −$343	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
Bitget CRDOUSDT	−0.0036%	8h	187.36	+0.167%	$1.7M	$1.6M	20x	as long as short
QFEX CRDO-USD	−0.0009%	1h	187.15	+0.055%	$1.1M	$2.5M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	187.22	+0.092%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	187.10	+0.026%	$4.2M	$8.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	187.25	+0.108%	$709K	$732K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	187.16	+0.060%	$942K	$1.4M	20x
Gate CRDO_USDT	0.0000%	8h	187.28	+0.124%	$653K	$121K	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	187.05	long leg	$233K	$105K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	186.59	−0.246%	$418	$117K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	186.23	−0.437%	$1K	$516K	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	187.33	+0.151%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.12	+0.039%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.09	+0.023%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.02	−0.015%	$194K	$860K	20x	as long as short
Paragon para:CRDO	+0.1405%	1h	187.33	+0.151%	$1.3M	$461K	10x	as long as short