Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.127%

Price spread now: Bybit against Extended+0.016%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRDO_24_5-USD	187.01	0.0040	pay 0.0005% / 1h	30m 56s	$1K	—	5x
Short	Bybit CRDOUSDT	187.04	0	get 0.0000% / 8h	3h 30m	$749K	$867K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$8.4
Price spread: +0.016% → 0.000%: $1.6
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.8
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 14 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 Extended no order-book sample	—	—	—	—	—
Sell Bybit live order book, 14 min ago	5.61 bp	17.9 bp −$18	190.2 bp −$1,902	doesn't fit	doesn't fit

Extended: 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	−0.0008%	1h	187.10	+0.048%	$1.1M	$2.8M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	187.07	+0.031%	$38K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	187.03	+0.010%	$4.2M	$8.9M	20x	as long as short
Bybit CRDOUSDTshort	0.0000%	8h	187.04	+0.016%	$749K	$867K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	186.99	−0.011%	$883K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	187.08	+0.037%	$650K	$146K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	187.03	+0.011%	$1.7M	$1.8M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	186.81	−0.108%	$200K	$33K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	186.90	−0.059%	$725	$160K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	186.99	−0.011%	$1K	$668K	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	186.94	−0.037%	$8K	$37K	20x	as long as short
Extended CRDO_24_5-USDlong	+0.0040%	1h	187.01	long leg	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	187.03	+0.011%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	186.88	−0.070%	$190K	$964K	20x	as long as short
Paragon para:CRDO	+0.0443%	1h	187.33	+0.171%	$959K	$212K	10x	as long as short