Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Vest+0.083%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.083% dearer against Vest than usual: you sell high and buy low (spread +0.083% 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 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRDO-USD-PERP	188.97	0.0046	pay 0.0006% / 1h	59m 09s	—	—	5x
Short	Variational Omni CRDO	189.13	0	get 0.0000% / 8h	5h 59m	$221K	$59K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.083%Rate

Funding earned: −$9.59
Price spread: +0.083% → 0.000%: $8.3
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.29
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	5.66 bp	doesn't fit	87.8 bp −$878	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	−0.0024%	1h	188.85	−0.064%	$1.1M	$2.9M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.87	−0.053%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.88	−0.046%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.87	−0.053%	$713K	$741K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.91	−0.032%	$917K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	188.86	−0.058%	$656K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.97	0.000%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	189.13	+0.083%	$221K	$59K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	189.00	+0.014%	$321	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.17	+0.106%	$1K	$522K	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	188.94	−0.016%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.03	+0.029%	$1K	—	5x	as long as short
Vest CRDO-USD-PERPlong	+0.0046%	1h	188.97	long leg	—	—	5x
KuCoin CRDOUSDTM	+0.0100%	8h	188.68	−0.153%	$196K	$896K	20x	as long as short
Paragon para:CRDO	+0.2077%	1h	189.12	+0.079%	$1.3M	$449K	10x	as long as short