Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.012%

Price spread now: Extended against HTX−0.040%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Extended

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

Funding pays, the price is against you. Extended is 0.040% cheaper against HTX than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CRDO-USDT	189.22	0	get 0.0000% / 8h	5h 28m	$8K	$39K	20x
Short	Extended CRDO_24_5-USD	189.15	0.0040	get 0.0005% / 1h	28m 15s	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against HTX. 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 HTXbpFee ExtendedbpOrdersPrice spread, now −0.040%Rate

Funding earned: $8.4
Price spread: −0.040% → 0.000%: −$3.96
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.56
Costs to cover: 0.170%
Break-even: 17.5 days

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

HTX and 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
QFEX CRDO-USD	−0.0024%	1h	188.97	−0.132%	$1.1M	$2.8M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	189.18	−0.023%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.14	−0.042%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.18	−0.021%	$715K	$740K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.15	−0.037%	$920K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.21	−0.005%	$657K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.12	−0.053%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.23	+0.003%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.24	+0.009%	$225	$115K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	189.25	+0.016%	$1K	$517K	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-USDTlong	0.0000%	8h	189.22	long leg	$8K	$39K	20x
Extended CRDO_24_5-USDshort	+0.0040%	1h	189.15	−0.040%	$1K	—	5x
Vest CRDO-USD-PERP	+0.0046%	1h	189.21	−0.005%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.07	−0.079%	$196K	$895K	20x	as long as short
Paragon para:CRDO	+0.1575%	1h	189.49	+0.141%	$1.3M	$450K	10x	as long as short