Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h −0.003%

Price spread now: QFEX against Bitget+0.016%7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.016%, 7d avg −0.097%

Together, before fees−0.110%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.112% dearer against Bitget than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.097%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRDOUSDT	190.36	0	get 0.0000% / 8h	7h 00m	$1.7M	$1.6M	20x
Short	QFEX CRDO-USD	190.39	−0.0028	pay 0.0003% / 1h	0m 50s	$1.1M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$5.8
Price spread: +0.016% → −0.097%: $11.24
Slippage, 4 orders: −$31.6
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$48.16
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; QFEX: live order book, 7 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 Bitget live order book, 1 min ago	3.41 bp	19.3 bp −$19	73.5 bp −$735	196.9 bp −$19.7K	doesn't fit
Sell QFEX live order book, 7 min ago	1.31 bp	10.8 bp −$11	15.9 bp −$159	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
QFEX CRDO-USDshort	−0.0028%	1h	190.39	+0.016%	$1.1M	$3.0M	10x
Aster CRDOUSDT	0.0000%	8h	190.50	+0.074%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	190.34	−0.010%	$4.3M	$8.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	190.45	+0.047%	$720K	$813K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	190.48	+0.063%	$918K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	190.41	+0.026%	$662K	$124K	20x	as long as short
Bitget CRDOUSDTlong	0.0000%	8h	190.36	long leg	$1.7M	$1.6M	20x
Variational Omni CRDO	0.0000%	8h	190.35	−0.004%	$223K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	190.66	+0.157%	$273	$133K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	190.69	+0.173%	$850	$556K	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	190.46	+0.053%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	190.31	−0.024%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	190.45	+0.047%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	190.36	0.000%	$198K	$903K	20x	as long as short
Paragon para:CRDO	+0.1185%	1h	191.02	+0.345%	$1.3M	$439K	10x	as long as short