Funding arb · Price arb /

CRDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.003%

Price spread now: HTX against QFEX−0.084%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.084% cheaper against QFEX than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 11 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	QFEX CRDO-USD	189.41	−0.0026	get 0.0003% / 1h	8m 32s	$1.1M	$2.6M	10x
Short	HTX CRDO-USDT	189.25	0	get 0.0000% / 8h	4h 08m	$8K	$40K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $5.53
Price spread: −0.084% → 0.000%: −$8.45
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.92
Costs to cover: 0.220%
Break-even: 38.6 days

Slippage unknown: QFEX: live order book, 4 min ago; HTX: 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 QFEX live order book, 4 min ago	1.59 bp	8.6 bp −$9	13.5 bp −$135	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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-USDlong	−0.0026%	1h	189.41	long leg	$1.1M	$2.6M	10x
Aster CRDOUSDT	0.0000%	8h	189.59	+0.097%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.46	+0.026%	$4.2M	$8.1M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.46	+0.026%	$717K	$729K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	189.49	+0.042%	$948K	$1.4M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	189.49	+0.042%	$658K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.47	+0.032%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.32	−0.045%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	189.45	+0.019%	$377	$114K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	188.65	−0.401%	$972	$514K	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-USDTshort	0.0000%	8h	189.25	−0.084%	$8K	$40K	20x
Extended CRDO_24_5-USD	+0.0040%	1h	189.47	+0.032%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.48	+0.037%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.31	−0.053%	$198K	$875K	20x	as long as short
Paragon para:CRDO	+0.1497%	1h	189.67	+0.136%	$1.3M	$460K	10x	as long as short