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: Bybit against Gate−0.066%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2022.017% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.066%, 7d avg +0.052%

Together, before fees+0.334%+$33 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: Bybit is 0.117% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRDO_USDT	183.17	0	get 0.0000% / 8h	12m 58s	$629K	$138K	20x
Short	Bybit CRDOUSDT	183.05	0	get 0.0000% / 8h	12m 58s	$689K	$750K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → +0.052%: −$11.72
Slippage, 4 orders: −$175.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$213.38
Costs to cover: 2.017%
Break-even: never at this rate

Slippage from Gate: live order book, 23 min ago; Bybit: live order book, 22 min ago.

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, 23 min ago	6.82 bp	30.3 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 22 min ago	4.64 bp	35.8 bp −$36	166.8 bp −$1,668	doesn't fit	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
Bitget CRDOUSDT	−0.1076%	8h	183.18	+0.005%	$1.7M	$1.9M	20x	as long as short
QFEX CRDO-USD	−0.0043%	1h	182.80	−0.202%	$1.1M	$2.3M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	183.05	−0.065%	$37K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	182.96	−0.115%	$4.0M	$9.6M	20x	as long as short
Bybit CRDOUSDTshort	0.0000%	8h	183.05	−0.066%	$689K	$750K	25x
OKX CRDO-USDT-SWAP	0.0000%	8h	183.18	+0.005%	$908K	$1.7M	20x	as long as short
Gate CRDO_USDTlong	0.0000%	8h	183.17	long leg	$629K	$138K	20x
Variational Omni CRDO	0.0000%	8h	182.79	−0.207%	$198K	$133K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	182.83	−0.187%	$631	$135K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	182.86	−0.169%	$980	$481K	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	183.12	−0.027%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	183.38	+0.117%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	182.91	−0.142%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	182.97	−0.109%	$191K	$820K	20x	as long as short
Paragon para:CRDO	+0.1006%	1h	183.03	−0.076%	$1.3M	$479K	10x	as long as short