Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.125%

Price spread now: Vest against Bybit−0.026%47s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 46 hours of funding at the current rate (+$1 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRDOUSDT	188.89	0	get 0.0000% / 8h	12m 47s	$729K	$817K	25x
Short	Vest CRDO-USD-PERP	188.84	0.0046	get 0.0006% / 1h	12m 47s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.026%Rate

Funding earned: $9.59
Price spread: −0.026% → 0.000%: −$2.65
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$6.05
Costs to cover: 0.130%
Break-even: 11.4 days

Slippage unknown: Bybit: live order book, 62 min ago; Vest: no order-book sample. 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 Bybit live order book, 62 min ago	3.99 bp	44.0 bp −$44	170.8 bp −$1,708	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0027%	1h	188.72	−0.090%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.06	+0.092%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.82	−0.037%	$4.2M	$8.4M	20x	as long as short
Bybit CRDOUSDTlong	0.0000%	8h	188.89	long leg	$729K	$817K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	188.88	−0.005%	$895K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	188.99	+0.053%	$658K	$140K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	188.84	−0.026%	$1.7M	$1.7M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	188.81	−0.044%	$207K	$40K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	188.94	+0.029%	$618	$139K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.83	−0.032%	$797	$609K	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	188.75	−0.074%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.84	−0.024%	$1K	—	5x	as long as short
Vest CRDO-USD-PERPshort	+0.0046%	1h	188.84	−0.026%	—	—	5x
KuCoin CRDOUSDTM	+0.0100%	8h	188.80	−0.048%	$192K	$912K	20x	as long as short
Paragon para:CRDO	+0.0830%	1h	189.35	+0.244%	$1.2M	$396K	10x	as long as short