Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.003%

Price spread now: Gate against QFEX+0.136%7-day average +0.047% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1201.202% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.136%, 7d avg +0.047%

Together, before fees−0.108%−$11 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 0.089% dearer against QFEX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRDO-USD	183.98	−0.0006	get 0.0001% / 1h	48m 02s	$1.1M	$2.5M	10x
Short	Gate CRDO_USDT	184.23	0	get 0.0000% / 8h	2h 48m	$657K	$126K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against QFEX. 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 QFEXbpFee GatebpOrdersPrice spread, now +0.136%Rate

Funding earned: $1.18
Price spread: +0.136% → +0.047%: $8.86
Slippage, 4 orders: −$95.24
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.2
Costs to cover: 1.202%
Break-even: 663.0 days

Slippage from QFEX: live order book, 4 min ago; Gate: live order book, 63 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 QFEX live order book, 4 min ago	1.63 bp	9.3 bp −$9	17.5 bp −$175	doesn't fit	doesn't fit
Sell Gate live order book, 63 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	−0.1279%	8h	184.31	+0.179%	$1.6M	$1.5M	20x	as long as short
QFEX CRDO-USDlong	−0.0006%	1h	183.98	long leg	$1.1M	$2.5M	10x
Aster CRDOUSDT	0.0000%	8h	184.19	+0.115%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	184.12	+0.076%	$4.1M	$8.7M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	184.12	+0.076%	$703K	$748K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	184.20	+0.120%	$941K	$1.5M	20x	as long as short
Gate CRDO_USDTshort	0.0000%	8h	184.23	+0.136%	$657K	$126K	20x
Variational Omni CRDO	0.0000%	8h	184.48	+0.273%	$230K	$104K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	184.43	+0.247%	$692	$125K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	184.39	+0.223%	$964	$513K	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	184.58	+0.326%	$8K	$41K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	183.96	−0.011%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	183.99	+0.005%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	183.89	−0.049%	$194K	$854K	20x	as long as short
Paragon para:CRDO	+0.1094%	1h	184.35	+0.201%	$1.3M	$469K	10x	as long as short