Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.005%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.218%+$22 · spread now +0.005%, 7d avg +0.080%

Together, before fees+0.207%+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.075% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRDOUSDT	182.88	0	get 0.0000% / 8h	2h 06m	$4.0M	$9.3M	20x
Short	Bybit CRDOUSDT	182.89	0	get 0.0000% / 8h	2h 06m	$704K	$773K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.080%: −$7.47
Slippage, 4 orders: −$71.01
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$99.48
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 38 min ago.

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 Binance live order book, 3 min ago	2.18 bp	13.6 bp −$14	52.5 bp −$525	175.4 bp −$17.5K	doesn't fit
Sell Bybit live order book, 38 min ago	6.53 bp	49.9 bp −$50	165.9 bp −$1,659	doesn't fit	doesn't fit

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 CRDOUSDT	−0.1908%	8h	182.69	−0.104%	$1.7M	$1.8M	20x	as long as short
QFEX CRDO-USD	−0.0006%	1h	182.91	+0.016%	$1.1M	$2.4M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.00	+0.065%	$37K	$11K	20x	as long as short
Binance CRDOUSDTlong	0.0000%	8h	182.88	long leg	$4.0M	$9.3M	20x
Bybit CRDOUSDTshort	0.0000%	8h	182.89	+0.005%	$704K	$773K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	182.90	+0.011%	$922K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	182.87	−0.005%	$628K	$139K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	182.82	−0.034%	$198K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	182.83	−0.028%	$545	$131K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	183.01	+0.071%	$963	$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	182.81	−0.038%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	182.62	−0.142%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.90	+0.011%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.87	−0.005%	$192K	$843K	20x	as long as short
Paragon para:CRDO	+0.0927%	1h	183.11	+0.126%	$1.3M	$488K	10x	as long as short