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: Gate against Bybit+0.016%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1381.377% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$15 on $10k

Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.016%, 7d avg −0.056%

Together, before fees−0.311%−$31 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: Gate is 0.072% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	190.55	0	get 0.0000% / 8h	7h 01m	$720K	$813K	25x
Short	Gate CRDO_USDT	190.58	0	get 0.0000% / 8h	7h 01m	$663K	$124K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.056%: $7.2
Slippage, 4 orders: −$111.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$130.47
Costs to cover: 1.377%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: 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, 3 min ago	3.67 bp	37.5 bp −$38	405.5 bp −$4,055	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.82 bp	23.2 bp −$23	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	−0.0028%	1h	190.47	−0.042%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	190.63	+0.040%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	190.42	−0.067%	$4.3M	$8.2M	20x	as long as short
Bybit CRDOUSDTlong	0.0000%	8h	190.55	long leg	$720K	$813K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	190.53	−0.010%	$919K	$1.5M	20x	as long as short
Gate CRDO_USDTshort	0.0000%	8h	190.58	+0.016%	$663K	$124K	20x
Bitget CRDOUSDT	0.0000%	8h	190.57	+0.010%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	190.60	+0.026%	$206K	$42K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	190.66	+0.057%	$273	$133K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	190.69	+0.073%	$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	190.78	+0.121%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	190.72	+0.089%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	190.52	−0.016%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	190.49	−0.031%	$198K	$903K	20x	as long as short
Paragon para:CRDO	+0.1185%	1h	191.02	+0.245%	$1.3M	$439K	10x	as long as short