Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h −0.003%

Price spread now: QFEX against OKX−0.005%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.055%−$6 · spread now −0.005%, 7d avg −0.055%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.049% dearer against OKX than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.055%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 3 days (−0.004% in total) that is about 47 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRDO-USDT-SWAP	190.37	0	get 0.0000% / 8h	7h 23m	$915K	$1.5M	20x
Short	QFEX CRDO-USD	190.36	−0.0028	pay 0.0003% / 1h	23m 29s	$1.1M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$5.8
Price spread: −0.005% → −0.055%: $4.93
Slippage, 4 orders: −$34.24
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$55.11
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; QFEX: live order book, 4 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	5.76 bp	18.1 bp −$18	51.0 bp −$510	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.31 bp	8.8 bp −$9	16.1 bp −$161	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
QFEX CRDO-USDshort	−0.0028%	1h	190.36	−0.005%	$1.1M	$3.1M	10x
Aster CRDOUSDT	0.0000%	8h	190.52	+0.077%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	190.19	−0.094%	$4.3M	$8.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	190.35	−0.011%	$721K	$820K	25x	as long as short
OKX CRDO-USDT-SWAPlong	0.0000%	8h	190.37	long leg	$915K	$1.5M	20x
Gate CRDO_USDT	0.0000%	8h	190.61	+0.126%	$663K	$124K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	190.39	+0.011%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	190.85	+0.254%	$207K	$42K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	190.73	+0.189%	$383	$134K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	191.11	+0.389%	$1K	$567K	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	190.74	+0.194%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	190.35	−0.008%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	190.44	+0.037%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	190.29	−0.042%	$196K	$906K	20x	as long as short
Paragon para:CRDO	+0.1105%	1h	190.73	+0.189%	$1.3M	$456K	10x	as long as short