Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%

Price spread now: Variational Omni against Extended−0.072%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.072% cheaper against Extended than usual: you would sell low and buy high (−$7 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	182.93	0.0040	pay 0.0005% / 1h	17m 50s	$1K	—	5x
Short	Variational Omni CRDO	182.79	0	get 0.0000% / 8h	1h 17m	$198K	$133K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.072%Rate

Funding earned: −$8.4
Price spread: −0.072% → 0.000%: −$7.22
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.62
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Variational Omni: RFQ quote, 26 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 Variational Omni RFQ quote, 26 min ago	6.28 bp	doesn't fit	70.8 bp −$708	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	−0.1818%	8h	183.15	+0.123%	$1.7M	$1.8M	20x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.14	+0.116%	$37K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	183.02	+0.054%	$4.0M	$9.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	183.09	+0.090%	$686K	$748K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	183.08	+0.085%	$914K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	182.92	−0.003%	$628K	$140K	20x	as long as short
Variational Omni CRDOshort	0.0000%	8h	182.79	−0.072%	$198K	$133K	—
GRVT CRDO_USDT_Perp	0.0000%	8h	182.23	−0.380%	$550	$134K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.67	−0.139%	$1K	$496K	10x	as long as short
HTX CRDO-USDT	0.0000%	8h	182.68	−0.134%	$8K	$41K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRDO-USD	+0.0013%	1h	182.89	−0.019%	$1.1M	$2.3M	10x	as long as short
Extended CRDO_24_5-USDlong	+0.0040%	1h	182.93	long leg	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	182.94	+0.008%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.94	+0.008%	$193K	$837K	20x	as long as short
Paragon para:CRDO	+0.1009%	1h	183.13	+0.112%	$1.3M	$489K	10x	as long as short