Funding arb · Price arb /

CRDO

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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: SunX against Bitget+0.090%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1621.618% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.090%, 7d avg −0.073%

Together, before fees−0.240%−$24 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: SunX is 0.163% dearer against Bitget than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRDOUSDT	189.08	0	get 0.0000% / 8h	5h 26m	$1.7M	$1.6M	20x
Short	SunX CRDO-USDT	189.25	0	get 0.0000% / 8h	5h 26m	$1K	$517K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → −0.073%: $16.33
Slippage, 4 orders: −$141.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$145.45
Costs to cover: 1.618%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; SunX: live order book, 4 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, 5 min ago	3.70 bp	20.0 bp −$20	48.7 bp −$487	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	45.43 bp	64.3 bp −$64	doesn't fit	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-USD	−0.0024%	1h	189.06	−0.011%	$1.1M	$2.8M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.13	+0.025%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.98	−0.053%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.12	+0.021%	$715K	$740K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.15	+0.037%	$920K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.14	+0.032%	$657K	$120K	20x	as long as short
Bitget CRDOUSDTlong	0.0000%	8h	189.08	long leg	$1.7M	$1.6M	20x
Variational Omni CRDO	0.0000%	8h	189.23	+0.077%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.14	+0.031%	$225	$115K	10x	as long as short
SunX CRDO-USDTshort	0.0000%	8h	189.25	+0.090%	$1K	$517K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	188.99	−0.048%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.12	+0.019%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.18	+0.053%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.05	−0.016%	$196K	$894K	20x	as long as short
Paragon para:CRDO	+0.1571%	1h	189.54	+0.241%	$1.3M	$450K	10x	as long as short