Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Gate+0.005%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1231.228% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.005%, 7d avg +0.039%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.033% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRDO_USDT	188.71	0	get 0.0000% / 8h	6h 41m	$656K	$120K	20x
Short	Bitget CRDOUSDT	188.72	0	get 0.0000% / 8h	6h 41m	$1.7M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.039%: −$3.32
Slippage, 4 orders: −$95.8
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$126.13
Costs to cover: 1.228%
Break-even: never at this rate

Slippage from Gate: live order book, 25 min ago; Bitget: live order book, just now.

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 Gate live order book, 25 min ago	6.82 bp	62.1 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, just now	7.15 bp	14.8 bp −$15	54.1 bp −$541	157.3 bp −$15.7K	doesn't fit

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	−0.0017%	1h	188.55	−0.085%	$1.1M	$3.0M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.80	+0.047%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.65	−0.029%	$4.2M	$8.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.67	−0.021%	$713K	$811K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.80	+0.048%	$910K	$1.4M	20x	as long as short
Gate CRDO_USDTlong	0.0000%	8h	188.71	long leg	$656K	$120K	20x
Bitget CRDOUSDTshort	0.0000%	8h	188.72	+0.005%	$1.7M	$1.6M	20x
Variational Omni CRDO	0.0000%	8h	189.32	+0.324%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.43	+0.384%	$256	$132K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.02	+0.164%	$972	$552K	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	188.74	+0.016%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.92	+0.111%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.59	−0.064%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	188.71	0.000%	$196K	$898K	20x	as long as short
Paragon para:CRDO	+0.1803%	1h	189.24	+0.281%	$1.3M	$463K	10x	as long as short