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: Gate against OKX−0.097%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1401.401% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.097%, 7d avg +0.026%

Together, before fees−0.147%−$15 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: Gate is 0.124% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRDO-USDT-SWAP	184.64	0	get 0.0000% / 8h	3h 18m	$926K	$1.4M	20x
Short	Gate CRDO_USDT	184.46	0	get 0.0000% / 8h	3h 18m	$648K	$121K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → +0.026%: −$12.4
Slippage, 4 orders: −$115.1
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$152.49
Costs to cover: 1.401%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 33 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 OKX live order book, 3 min ago	6.73 bp	17.6 bp −$18	102.6 bp −$1,026	doesn't fit	doesn't fit
Sell Gate live order book, 33 min ago	5.58 bp	69.3 bp −$69	doesn't fit	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	−0.0360%	8h	184.55	−0.049%	$1.7M	$1.4M	20x	as long as short
QFEX CRDO-USD	−0.0009%	1h	184.44	−0.108%	$1.1M	$2.5M	10x	as long as short
Aster CRDOUSDT	0.0000%	8h	184.43	−0.113%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	184.32	−0.171%	$4.1M	$8.4M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	184.36	−0.152%	$701K	$736K	25x	as long as short
OKX CRDO-USDT-SWAPlong	0.0000%	8h	184.64	long leg	$926K	$1.4M	20x
Gate CRDO_USDTshort	0.0000%	8h	184.46	−0.097%	$648K	$121K	20x
Variational Omni CRDO	0.0000%	8h	185.64	+0.540%	$231K	$105K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	185.73	+0.590%	$678	$119K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	183.76	−0.477%	$867	$512K	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	184.99	+0.190%	$8K	$40K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	184.35	−0.154%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	184.56	−0.043%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	184.41	−0.125%	$192K	$861K	20x	as long as short
Paragon para:CRDO	+0.1389%	1h	184.85	+0.114%	$1.3M	$468K	10x	as long as short