Funding arb · Price arb /

CRO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0513%/8h= +56.1% APRpaid last 24h +0.324%

Price spread now: BingX against Injective+2.302%102s7-day average +3.562% · you sell dearer than you buy

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

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.583%+$58 on $10k

Price spread, last 4 days (all we have)+1.737%+$174 · spread now +2.302%, 7d avg +3.562%

Together, before fees+2.320%+$232 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 1.260% cheaper against Injective than usual: you would sell low and buy high (spread +2.302% now, against its 7-day average of +3.562%). If the spread goes back, that is −$126 on $10k: about 8.2 days of funding at the current rate (+$15 a day). The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CRO/USDC PERP	0.06560	0.0033	pay 0.0004% / 1h	21m 34s	$5	$129K	5.5x
Short	BingX CRO-USDT	0.06711	0.0546	get 0.0546% / 8h	4h 21m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now +2.302%Rate

Funding earned: $107.66
Price spread: +2.302% → +3.562%: −$126
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$28.36
Costs to cover: 0.100%
Break-even: 8.8 days

Slippage unknown: Injective: no order-book sample; BingX: live order book, 12 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 12 min ago	6.76 bp	25.1 bp −$25	86.4 bp −$864	465.0 bp −$46.5K	882.0 bp −$441.0K

Injective: 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.

CRO on 13 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
Injective CRO/USDC PERPlong	+0.0033%	1h	0.06560	long leg	$5	$129K	5.5x
OKX CRO-USDT-SWAP	+0.0100%	8h	0.06718	+2.409%	$2.3M	$4.4M	20x	as long as short
Gate CRO_USDT	+0.0100%	8h	0.06704	+2.195%	$851K	$294K	25x	as long as short
MEXC CRO_USDT	+0.0100%	8h	0.06711	+2.302%	$8.8M	$1.3M	200x	as long as short
Lighter CRO	+0.0168%	1h	0.06719	+2.424%	$49K	$38K	3x	as long as short
GMX CRO/USD [WBTC.b-USDC]	L +0.0173% / S −0.0036%	1h	0.06706	+2.221%	$32K	—	100x	as long as short
BloFin CRO-USDT	+0.0220%	8h	0.06720	+2.439%	$154K	$365K	20x	as long as short
Bybit CROUSDT	+0.0477%	8h	0.06711	+2.302%	$6.3M	$5.5M	25x	as long as short
BingX CRO-USDTshort	+0.0546%	8h	0.06711	+2.302%	—	$2.6M	—
Bitget CROUSDT	+0.0558%	8h	0.06705	+2.210%	$2.9M	$2.2M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRO	+0.0760%	8h	0.06713	+2.336%	$157K	$159K	—	as long as short
KuCoin CROUSDTM	+0.1910%	8h	0.06664	+1.585%	$3.7M	$675K	20x	as long as short
Kraken Futures PF_CROUSD	+0.2845%	1h	0.06729	+2.575%	$54K	$19K	10x	as long as short