Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.086%

Price spread now: Bitget against Bybit+0.011%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1271.274% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.011%, 7d avg −0.018%

Together, before fees−0.264%−$26 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: Bitget is 0.029% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	187.27	0	get 0.0000% / 8h	1h 46m	$734K	$843K	25x
Short	Bitget CRDOUSDT	187.29	0	get 0.0000% / 8h	1h 46m	$1.7M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.018%: $2.86
Slippage, 4 orders: −$104.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$124.59
Costs to cover: 1.274%
Break-even: never at this rate

Slippage from Bybit: live order book, 33 min ago; Bitget: live order book, 5 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 Bybit live order book, 33 min ago	6.15 bp	57.3 bp −$57	191.9 bp −$1,919	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	8.28 bp	22.6 bp −$23	50.1 bp −$501	152.0 bp −$15.2K	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	−0.0001%	1h	187.22	−0.027%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	187.47	+0.108%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	187.21	−0.030%	$4.2M	$8.6M	20x	as long as short
Bybit CRDOUSDTlong	0.0000%	8h	187.27	long leg	$734K	$843K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	187.29	+0.011%	$881K	$1.6M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.19	−0.043%	$651K	$139K	20x	as long as short
Bitget CRDOUSDTshort	0.0000%	8h	187.29	+0.011%	$1.7M	$1.7M	20x
Variational Omni CRDO	0.0000%	8h	187.09	−0.094%	$200K	$33K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	187.17	−0.052%	$689	$154K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	187.17	−0.053%	$999	$643K	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	187.23	−0.021%	$8K	$38K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	187.25	−0.013%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	187.38	+0.059%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	187.10	−0.091%	$191K	$943K	20x	as long as short
Paragon para:CRDO	+0.0532%	1h	187.28	+0.007%	$930K	$259K	10x	as long as short