Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.9% APRpaid last 24h −0.003%

Price spread now: QFEX against Aster−0.126%7-day average — · you buy dearer than you sell

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

Long on Aster Short on QFEX

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.126% cheaper against Aster than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRDOUSDT	189.48	0	get 0.0000% / 8h	4h 13m	$38K	$11K	20x
Short	QFEX CRDO-USD	189.24	−0.0026	pay 0.0003% / 1h	13m 33s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$5.53
Price spread: −0.126% → 0.000%: −$12.6
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$36.13
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 4 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 Aster no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	1.06 bp	10.9 bp −$11	17.5 bp −$175	doesn't fit	doesn't fit

Aster: 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-USDshort	−0.0026%	1h	189.24	−0.126%	$1.1M	$2.6M	10x
Aster CRDOUSDTlong	0.0000%	8h	189.48	long leg	$38K	$11K	20x
Binance CRDOUSDT	0.0000%	8h	189.33	−0.078%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.42	−0.031%	$717K	$729K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.43	−0.026%	$947K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.37	−0.057%	$658K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.48	+0.001%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.30	−0.093%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.42	−0.031%	$396	$114K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.43	−0.553%	$1K	$513K	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	189.11	−0.195%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.44	−0.020%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.34	−0.073%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.30	−0.094%	$198K	$877K	20x	as long as short
Paragon para:CRDO	+0.1547%	1h	189.57	+0.050%	$1.3M	$460K	10x	as long as short