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: Variational Omni against Bitget+0.023%7-day average −0.062% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.192%+$19 · spread now +0.023%, 7d avg −0.062%

Together, before fees+0.216%+ Points / potential airdropVariational Omni: Active · farm board+$22 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: Variational Omni is 0.085% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRDOUSDT	189.42	0	get 0.0000% / 8h	5h 04m	$1.7M	$1.6M	20x
Short	Variational Omni CRDO	189.46	0	get 0.0000% / 8h	5h 04m	$222K	$59K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.062%: $8.5
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.5
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Variational Omni: RFQ quote, 59 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 Bitget live order book, 2 min ago	3.69 bp	18.6 bp −$19	48.2 bp −$482	172.6 bp −$17.3K	doesn't fit
Sell Variational Omni RFQ quote, 59 min ago	5.66 bp	doesn't fit	87.8 bp −$878	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	189.51	+0.048%	$1.1M	$2.7M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.70	+0.146%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.55	+0.069%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.68	+0.137%	$718K	$740K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.62	+0.106%	$915K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.66	+0.127%	$659K	$120K	20x	as long as short
Bitget CRDOUSDTlong	0.0000%	8h	189.42	long leg	$1.7M	$1.6M	20x
Variational Omni CRDOshort	0.0000%	8h	189.46	+0.023%	$222K	$59K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	189.55	+0.067%	$849	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.50	+0.042%	$857	$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	189.68	+0.137%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.59	+0.090%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.59	+0.090%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.51	+0.048%	$197K	$889K	20x	as long as short
Paragon para:CRDO	+0.1481%	1h	189.70	+0.148%	$1.3M	$459K	10x	as long as short