Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.2040%/8h= −223.3% APRpaid last 24h −0.014%

Price spread now: Bitget against Vest+0.237%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Bitget is 0.237% dearer against Vest than usual: you sell high and buy low (spread +0.237% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$61 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRDO-USD-PERP	181.76	0.0046	pay 0.0006% / 1h	13m 57s	—	—	5x
Short	Bitget CRDOUSDT	182.19	−0.1994	pay 0.1994% / 8h	2h 13m	$1.7M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Vest. 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 VestbpFee BitgetbpOrdersPrice spread, now +0.237%Rate

Funding earned: −$428.33
Price spread: +0.237% → 0.000%: $23.66
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$418.68
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Bitget: live order book, 3 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 Vest no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	11.00 bp	20.7 bp −$21	77.2 bp −$772	doesn't fit	doesn't fit

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 CRDOUSDTshort	−0.1994%	8h	182.19	+0.237%	$1.7M	$1.8M	20x
QFEX CRDO-USD	−0.0006%	1h	181.72	−0.022%	$1.1M	$2.4M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	182.07	+0.170%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.12	+0.198%	$4.0M	$9.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	182.08	+0.176%	$702K	$773K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	182.00	+0.132%	$920K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	182.00	+0.132%	$625K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	181.62	−0.080%	$197K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	181.91	+0.082%	$266	$130K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.04	+0.154%	$735	$509K	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	181.22	−0.297%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.05	+0.160%	$1K	—	5x	as long as short
Vest CRDO-USD-PERPlong	+0.0046%	1h	181.76	long leg	—	—	5x
KuCoin CRDOUSDTM	+0.0100%	8h	181.98	+0.121%	$194K	$845K	20x	as long as short
Paragon para:CRDO	+0.0870%	1h	181.77	+0.006%	$1.2M	$488K	10x	as long as short