Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Bybit against Vest+0.085%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 Bybit

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. Bybit is 0.085% dearer against Vest than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRDO-USD-PERP	189.06	0.0046	pay 0.0006% / 1h	2m 05s	—	—	5x
Short	Bybit CRDOUSDT	189.22	0	get 0.0000% / 8h	6h 02m	$714K	$741K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$9.59
Price spread: +0.085% → 0.000%: $8.46
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$14.13
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 63 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 Bybit live order book, 63 min ago	3.67 bp	14.9 bp −$15	375.1 bp −$3,751	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
QFEX CRDO-USD	−0.0017%	1h	189.01	−0.026%	$1.1M	$2.9M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.32	+0.140%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.16	+0.053%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDTshort	0.0000%	8h	189.22	+0.085%	$714K	$741K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	189.23	+0.090%	$911K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.23	+0.090%	$658K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.21	+0.079%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.47	−0.311%	$221K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.11	+0.028%	$951	$114K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.09	+0.016%	$1K	$525K	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	189.05	−0.005%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.29	+0.124%	$1K	—	5x	as long as short
Vest CRDO-USD-PERPlong	+0.0046%	1h	189.06	long leg	—	—	5x
KuCoin CRDOUSDTM	+0.0100%	8h	188.94	−0.063%	$196K	$896K	20x	as long as short
Paragon para:CRDO	+0.1685%	1h	189.39	+0.175%	$1.3M	$449K	10x	as long as short