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: OKX against Bybit−0.016%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.016%, 7d avg −0.082%

Together, before fees−0.095%−$10 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: OKX is 0.066% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	189.35	0	get 0.0000% / 8h	4h 05m	$717K	$729K	25x
Short	OKX CRDO-USDT-SWAP	189.32	0	get 0.0000% / 8h	4h 05m	$953K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.082%: $6.61
Slippage, 4 orders: −$29.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$44.19
Costs to cover: 0.508%
Break-even: never at this rate

Slippage from Bybit: live order book, 49 min ago; OKX: live order book, 1 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, 49 min ago	3.16 bp	16.8 bp −$17	180.6 bp −$1,806	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.06 bp	6.1 bp −$6	40.8 bp −$408	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	−0.0026%	1h	189.27	−0.042%	$1.1M	$2.6M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.41	+0.033%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.16	−0.098%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDTlong	0.0000%	8h	189.35	long leg	$717K	$729K	25x
OKX CRDO-USDT-SWAPshort	0.0000%	8h	189.32	−0.016%	$953K	$1.4M	20x
Gate CRDO_USDT	0.0000%	8h	189.42	+0.037%	$658K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.40	+0.026%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.27	−0.044%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.45	+0.051%	$377	$114K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.47	−0.465%	$971	$514K	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	189.30	−0.026%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.24	−0.061%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.37	+0.011%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.28	−0.037%	$196K	$873K	20x	as long as short
Paragon para:CRDO	+0.1462%	1h	189.43	+0.042%	$1.3M	$460K	10x	as long as short