Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Variational Omni+0.079%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Vest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.079% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRDO	182.57	0	get 0.0000% / 8h	22m 38s	$198K	$133K	—
Short	Vest CRDO-USD-PERP	182.71	0.0046	get 0.0006% / 1h	22m 38s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.079%Rate

Funding earned: $9.59
Price spread: +0.079% → 0.000%: $7.88
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $15.47
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 16 min ago; Vest: no order-book sample. 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, 16 min ago	4.91 bp	doesn't fit	109.6 bp −$1,096	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1124%	8h	183.03	+0.254%	$1.7M	$1.9M	20x	as long as short
QFEX CRDO-USD	−0.0043%	1h	182.60	+0.019%	$1.1M	$2.3M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	182.83	+0.144%	$37K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.79	+0.123%	$4.0M	$9.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.95	+0.210%	$689K	$751K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	182.90	+0.183%	$911K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	182.92	+0.194%	$628K	$138K	20x	as long as short
Variational Omni CRDOlong	0.0000%	8h	182.57	long leg	$198K	$133K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	182.65	+0.044%	$652	$135K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.56	−0.003%	$951	$484K	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	182.58	+0.008%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.71	+0.081%	$1K	—	5x	as long as short
Vest CRDO-USD-PERPshort	+0.0046%	1h	182.71	+0.079%	—	—	5x
KuCoin CRDOUSDTM	+0.0100%	8h	182.76	+0.106%	$193K	$817K	20x	as long as short
Paragon para:CRDO	+0.1029%	1h	183.03	+0.254%	$1.3M	$479K	10x	as long as short