Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: OKX against Extended−0.060%7-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 OKX

What this pair did over the last

the charts below follow

Funding, last 6 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 OKX is 0.060% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRDO_24_5-USD	183.49	0.0040	pay 0.0005% / 1h	34m 40s	$1K	—	5x
Short	OKX CRDO-USDT-SWAP	183.38	0	get 0.0000% / 8h	34m 40s	$914K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$8.4
Price spread: −0.060% → 0.000%: −$5.99
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$29.39
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	4.09 bp	22.3 bp −$22	54.6 bp −$546	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
Bitget CRDOUSDT	−0.1186%	8h	183.36	−0.071%	$1.7M	$1.9M	20x	as long as short
QFEX CRDO-USD	−0.0043%	1h	183.09	−0.218%	$1.1M	$2.3M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.26	−0.127%	$37K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	183.16	−0.180%	$4.0M	$9.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	183.25	−0.131%	$690K	$752K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	183.38	−0.060%	$914K	$1.7M	20x
Gate CRDO_USDT	0.0000%	8h	183.31	−0.098%	$629K	$138K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	182.97	−0.281%	$199K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	183.18	−0.169%	$683	$136K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	183.05	−0.240%	$954	$484K	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	183.11	−0.207%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USDlong	+0.0040%	1h	183.49	long leg	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	183.16	−0.180%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	183.26	−0.125%	$194K	$819K	20x	as long as short
Paragon para:CRDO	+0.1189%	1h	183.76	+0.147%	$1.3M	$480K	10x	as long as short