Funding arb · Price arb /

CRDO

RWAall CRDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.004%

Price spread now: SunX against QFEX−0.092%7-day average +0.002% · 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−$155as in the Price arb table

costs, in and out, $10k−$1461.459% of the position

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.092%, 7d avg +0.002%

Together, before fees+0.047%+$5 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: SunX is 0.094% cheaper against QFEX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRDO-USD	184.23	−0.0001	get 0.0000% / 1h	10m 52s	$1.1M	$2.3M	10x
Short	SunX CRDO-USDT	184.06	0	get 0.0000% / 8h	6h 10m	$841	$397K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0.17
Price spread: −0.092% → +0.002%: −$9.43
Slippage, 4 orders: −$127.88
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$155.15
Costs to cover: 1.459%
Break-even: 6471.5 days

Slippage from QFEX: live order book, 5 min ago; SunX: 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 QFEX live order book, 5 min ago	1.36 bp	7.8 bp −$8	16.7 bp −$167	doesn't fit	doesn't fit
Sell SunX live order book, 33 min ago	47.05 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit

CRDO on 15 exchanges

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	−0.0392%	8h	184.32	+0.049%	$1.7M	$1.9M	20x	as long as short
QFEX CRDO-USDlong	−0.0001%	1h	184.23	long leg	$1.1M	$2.3M	10x
Aster CRDOUSDT	0.0000%	8h	184.32	+0.051%	$37K	$11K	20x	as long as short
Binance CRDOUSDT	0.0000%	8h	184.26	+0.016%	$4.0M	$9.7M	20x	as long as short
Bybit CRDOUSDT	0.0000%	8h	184.29	+0.033%	$677K	$704K	25x	as long as short
OKX CRDO-USDT-SWAP	0.0000%	8h	184.40	+0.092%	$944K	$1.8M	20x	as long as short
Gate CRDO_USDT	0.0000%	8h	184.24	+0.005%	$633K	$135K	20x	as long as short
Variational Omni CRDO	0.0000%	8h	184.03	−0.108%	$200K	$132K	—	as long as short
GRVT CRDO_USDT_Perp	0.0000%	8h	184.08	−0.079%	$368	$130K	10x	as long as short
SunX CRDO-USDTshort	0.0000%	8h	184.06	−0.092%	$841	$397K	10x

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CRDO-USDT	0.0000%	8h	183.90	−0.179%	$8K	$42K	20x	as long as short
Extended CRDO_24_5-USD	+0.0040%	1h	183.96	−0.149%	$1K	—	5x	as long as short
Vest CRDO-USD-PERP	+0.0046%	1h	184.30	+0.038%	—	—	5x	as long as short
KuCoin CRDOUSDTM	+0.0100%	8h	184.27	+0.022%	$190K	$908K	20x	as long as short
Paragon para:CRDO	+0.0904%	1h	184.40	+0.090%	$1.2M	$503K	10x	as long as short