Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: HTX against Extended−0.026%55s7-day average — · you buy dearer than you sell

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

Long on Extended Short on HTX

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.026% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	Extended CRDO_24_5-USD	190.40	0.0040	pay 0.0005% / 1h	45m 16s	$1K	—	5x
Short	HTX CRDO-USDT	190.35	0	get 0.0000% / 8h	7h 45m	$8K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$8.4
Price spread: −0.026% → 0.000%: −$2.63
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$28.03
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; HTX: 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 Extended no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Extended and HTX: 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	−0.0028%	1h	190.34	−0.032%	$1.1M	$3.1M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	190.39	−0.008%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	190.28	−0.063%	$4.3M	$8.3M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	190.41	+0.005%	$722K	$823K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	190.34	−0.032%	$916K	$1.5M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	190.39	−0.005%	$663K	$123K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	190.29	−0.058%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	190.33	−0.039%	$206K	$42K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.94	−0.243%	$572	$136K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	190.32	−0.042%	$957	$577K	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-USDTshort	0.0000%	8h	190.35	−0.026%	$8K	$39K	20x
Extended CRDO_24_5-USDlong	+0.0040%	1h	190.40	long leg	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	190.43	+0.016%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	190.28	−0.063%	$195K	$909K	20x	as long as short
Paragon para:CRDO	+0.1130%	1h	190.75	+0.184%	$1.3M	$456K	10x	as long as short