Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h −0.078%

Price spread now: QFEX against Variational Omni−0.081%7-day average −0.025% · you buy dearer than you sell

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

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.079%−$8 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.081%, 7d avg −0.025%

Together, before fees−0.099%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.056% cheaper against Variational Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	189.77	0	get 0.0000% / 8h	7h 56m	$208K	$40K	—
Short	QFEX CRDO-USD	189.62	−0.0028	pay 0.0003% / 1h	56m 05s	$1.1M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$5.8
Price spread: −0.081% → −0.025%: −$5.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$21.41
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 18 min ago; QFEX: live order book, 7 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, 18 min ago	3.52 bp	doesn't fit	96.0 bp −$960	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.33 bp	6.3 bp −$6	12.2 bp −$122	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-USDshort	−0.0028%	1h	189.62	−0.081%	$1.1M	$3.1M	10x
Aster CRDOUSDT	0.0000%	8h	189.88	+0.057%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.73	−0.026%	$4.3M	$8.5M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.85	+0.040%	$730K	$817K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.81	+0.019%	$908K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.81	+0.019%	$661K	$123K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.47	−0.160%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	189.77	long leg	$208K	$40K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	188.84	−0.493%	$606	$139K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.71	−0.034%	$1K	$603K	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	189.54	−0.124%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.87	−0.479%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.67	−0.055%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.63	−0.076%	$195K	$910K	20x	as long as short
Paragon para:CRDO	+0.1018%	1h	190.06	+0.151%	$1.3M	$445K	10x	as long as short