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: SunX against Variational Omni−0.541%7-day average −0.011% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

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)+0.540%+$54 · spread now −0.541%, 7d avg −0.011%

Together, before fees+0.464%+ Points / potential airdropVariational Omni: Active · farm board+$46 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: SunX is 0.531% cheaper against Variational Omni than usual: you would sell low and buy high, −$53 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	187.95	0	get 0.0000% / 8h	3h 50m	$220K	$59K	—
Short	SunX CRDO-USDT	186.93	0	get 0.0000% / 8h	3h 50m	$1K	$516K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.541%Rate

Funding earned: $0
Price spread: −0.541% → −0.011%: −$53.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$61.07
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; SunX: live order book, 31 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, 4 min ago	5.26 bp	doesn't fit	91.4 bp −$914	doesn't fit	doesn't fit
Sell SunX live order book, 31 min ago	46.69 bp	65.6 bp −$66	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	−0.0009%	1h	187.68	−0.142%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	187.95	0.000%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	187.72	−0.123%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	187.91	−0.020%	$712K	$729K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	187.90	−0.025%	$948K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.95	+0.002%	$653K	$119K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.72	−0.121%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	187.95	long leg	$220K	$59K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	188.34	+0.209%	$793	$115K	10x	as long as short
SunX CRDO-USDTshort	0.0000%	8h	186.93	−0.541%	$1K	$516K	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	188.07	+0.065%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.75	−0.105%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.88	−0.036%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.89	−0.030%	$196K	$866K	20x	as long as short
Paragon para:CRDO	+0.1245%	1h	188.13	+0.097%	$1.3M	$460K	10x	as long as short