Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.003%

Price spread now: OKX against QFEX+0.105%7-day average +0.055% · 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−$36as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on QFEX Short on OKX

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−0.045%−$4 · spread now +0.105%, 7d avg +0.055%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.051% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRDO-USD	189.60	−0.0017	get 0.0002% / 1h	56m 10s	$1.1M	$3.0M	10x
Short	OKX CRDO-USDT-SWAP	189.80	0	get 0.0000% / 8h	6h 56m	$916K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $3.54
Price spread: +0.105% → +0.055%: $5.09
Slippage, 4 orders: −$21.15
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.52
Costs to cover: 0.412%
Break-even: 71.2 days

Slippage from QFEX: live order book, 11 min ago; OKX: live order book, 6 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, 11 min ago	1.31 bp	7.4 bp −$7	13.8 bp −$138	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	2.10 bp	12.2 bp −$12	33.9 bp −$339	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-USDlong	−0.0017%	1h	189.60	long leg	$1.1M	$3.0M	10x
Aster CRDOUSDT	0.0000%	8h	189.93	+0.175%	$38K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	189.63	+0.016%	$4.3M	$8.2M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	189.66	+0.032%	$717K	$812K	25x	as long as short
OKX CRDO-USDT-SWAPshort	0.0000%	8h	189.80	+0.105%	$916K	$1.5M	20x
Gate CRDO_USDT	0.0000%	8h	189.78	+0.095%	$660K	$120K	20x	as long as short
Bitget CRDOUSDT	0.0000%	8h	189.72	+0.063%	$1.7M	$1.6M	20x	as long as short
Variational Omni CRDO	0.0000%	8h	189.54	−0.034%	$222K	$59K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	190.42	+0.432%	$267	$133K	10x	as long as short
SunX CRDO-USDT	0.0000%	8h	190.28	+0.359%	$864	$554K	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	189.67	+0.037%	$8K	$39K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	189.50	−0.053%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	189.78	+0.095%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	189.79	+0.100%	$197K	$902K	20x	as long as short
Paragon para:CRDO	+0.1234%	1h	190.19	+0.311%	$1.3M	$439K	10x	as long as short