Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8hnext payment −$1.00 per $10,000 · paid last 24h +0.021%

Price spread now: Bitget against KuCoin−0.021%7-day average +0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2112.111% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.021%, 7d avg +0.083%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.104% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CRDOUSDTM	188.21	0.0100	pay 0.0100% / 8h	4h 22m	$190K	$955K	20x
Short	Bitget CRDOUSDT	188.17	0	get 0.0000% / 8h	4h 22m	$1.7M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$21
Price spread: −0.021% → +0.083%: −$10.4
Slippage, 4 orders: −$187.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$242.5
Costs to cover: 2.111%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 9 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 KuCoin live order book, 6 min ago	10.69 bp	95.0 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 9 min ago	5.61 bp	18.6 bp −$19	35.4 bp −$354	120.7 bp −$12.1K	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	−0.0001%	1h	188.34	+0.069%	$1.1M	$2.7M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	188.37	+0.084%	$38K	$10K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	188.27	+0.032%	$4.5M	$8.6M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	188.33	+0.064%	$800K	$794K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	188.11	−0.053%	$897K	$1.7M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	188.29	+0.043%	$656K	$144K	20x	as long as short
Bitget CRDOUSDTshort	0.0000%	8h	188.17	−0.021%	$1.7M	$1.7M	20x
Variational Omni CRDO	0.0000%	8h	187.46	−0.399%	$201K	$33K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	187.73	−0.257%	$839	$159K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.29	+0.043%	$909	$673K	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	188.33	+0.064%	$8K	$37K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	188.32	+0.061%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	188.21	0.000%	—	—	5x	as long as short
KuCoin CRDOUSDTMlong	+0.0100%	8h	188.21	long leg	$190K	$955K	20x
Paragon para:CRDO	+0.0516%	1h	188.39	+0.096%	$964K	$213K	10x	as long as short